Andersons Inc CEO Patrick Bowe Sells 23,842 Shares
On December 19, 2023, the insider and President & CEO of Andersons Inc (NASDAQ:ANDE), Patrick Bowe, sold 23,842 shares of the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Andersons Inc is engaged in the agriculture sector with diversified interests in grain, ethanol production, and plant nutrient distribution. The company operates through multiple business segments, including Trade, Ethanol, Plant Nutrient, and Rail.
Over the past year, the insider has sold a total of 143,818 shares and has not made any purchases of the company's stock.
The insider transaction history for Andersons Inc shows a pattern of selling, with 0 insider buys and 23 insider sells over the past year.
On the day of the sale, shares of Andersons Inc were trading at $55.96, resulting in a market cap of $1.884 billion.
The stock's price-earnings ratio stands at 32.64, which is above both the industry median of 16.09 and the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, with a share price of $55.96 and a GF Value of $46.56, Andersons Inc is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.2.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
