Andersons Inc (NASDAQ: ANDE) is -16.70% lower on its value in year-to-date trading and has touched a low of $41.76 and a high of $61.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ANDE stock was last observed hovering at around $47.82 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $47.93, the stock is 1.16% and -0.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 0.23% at the moment leaves the stock -6.37% off its SMA200. ANDE registered -3.64% loss for a year compared to 6-month loss of -7.33%. The firm has a 50-day simple moving average (SMA 50) of $48.1646 and a 200-day simple moving average (SMA200) of $51.20695.
The stock witnessed a 3.86% gain in the last 1 month and extending the period to 3 months gives it a -4.96%, and is 0.71% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.21% over the week and 3.40% over the month.
Andersons Inc (ANDE) has around 2334 employees, a market worth around $1.63B and $11.35B in sales. Current P/E ratio is 13.71 and Fwd P/E is 12.95. Profit margin for the company is 1.06%. Distance from 52-week low is 14.76% and -22.01% from its 52-week high. The company has generated returns on investments over the last 12 months (6.42%).
The EPS is expected to grow by 0.51% this year
338.0 institutions hold shares in Andersons Inc (ANDE), with institutional investors hold 97.66% of the company’s shares. The shares outstanding are 33.79M, and float is at 32.30M with Short Float at 2.51%. Institutions hold 92.72% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.27 million shares valued at $261.43 million. The investor’s holdings represent 15.5332 of the ANDE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.98 million shares valued at $197.49 million to account for 11.7341 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 3.74 million shares representing 11.0153 and valued at over $185.39 million, while DIMENSIONAL FUND ADVISORS LP holds 8.2134 of the shares totaling 2.79 million with a market value of $138.24 million.
Andersons Inc (ANDE) Insider Activity
The most recent transaction is an insider sale by Bowe Patrick E., the company’s President & CEO. SEC filings show that Bowe Patrick E. sold 5,419 shares of the company’s common stock on Apr 23 ’24 at a price of $60.56 per share for a total of $0.33 million. Following the sale, the insider now owns 79740.0 shares.
Andersons Inc disclosed in a document filed with the SEC on Apr 22 ’24 that Bowe Patrick E. (President & CEO) sold a total of 3,387 shares of the company’s common stock. The trade occurred on Apr 22 ’24 and was made at $60.01 per share for $0.2 million. Following the transaction, the insider now directly holds 85159.0 shares of the ANDE stock.
Still, SEC filings show that on Apr 22 ’24, ANDERSON MICHAEL J (Director) disposed off 3,000 shares at an average price of $59.00 for $0.18 million. The insider now directly holds 209,968 shares of Andersons Inc (ANDE).
