Andersons Inc (ANDE) President & CEO Patrick Bowe Sells Company Shares
Patrick Bowe, the President & CEO of Andersons Inc (NASDAQ:ANDE), has sold 2,623 shares of the company on March 8, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $55.22 per share, resulting in a total value of $144,802.06.
Andersons Inc is an agriculture company that operates in various business segments including trade, ethanol, plant nutrient, and rail. The company is involved in the grain business, conducts agricultural commodity trading, operates ethanol plants, and provides fertilizer components, among other services.
Over the past year, the insider has sold a total of 206,244 shares of Andersons Inc and has not made any purchases of the stock. The recent sale by the insider is part of a series of transactions that have taken place over the last twelve months.
The insider transaction history for Andersons Inc shows a pattern of selling activity, with 30 insider sells and no insider buys over the past year.
On the valuation front, Andersons Inc shares were trading at $55.22 on the day of the insider's recent sale, giving the company a market capitalization of $1.832 billion. The price-earnings ratio stands at 18.42, which is above both the industry median of 16.77 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is currently 1.25, indicating that Andersons Inc is modestly overvalued according to the GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's recent sale could be a signal to investors about the stock's current valuation and future expectations. However, it is important for investors to consider a wide range of factors, including the company's fundamentals and market conditions, when making investment decisions.
Investors and analysts often monitor insider transactions as they can provide insights into how the company's executives view the stock's value and prospects. While insider selling does not necessarily indicate a lack of confidence in the company, it can prompt further analysis and due diligence by market participants.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
