Andersons Inc President & CEO Patrick Bowe Sells Company Shares
On December 20, 2023, Patrick Bowe, the President & CEO of Andersons Inc (NASDAQ:ANDE), sold 3,938 shares of the company's stock, according to a recent SEC Filing. Andersons Inc is an agriculture-focused business that operates in various sectors including grain, ethanol, plant nutrient, and rail.
Over the past year, the insider has sold a total of 147,756 shares and has not made any purchases of the company's stock.
The insider transaction history for Andersons Inc indicates a trend of insider sales, with 24 insider sells and no insider buys over the past year.
On the day of the insider's recent sale, shares of Andersons Inc were trading at $56.58, giving the company a market cap of $1.904 billion.
The stock's price-earnings ratio stands at 33.00, which is above both the industry median of 16.04 and the company's historical median price-earnings ratio.
With the current share price of $56.58 and a GuruFocus Value of $46.53, Andersons Inc has a price-to-GF-Value ratio of 1.22, indicating that the stock is considered Modestly Overvalued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, 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.
