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Heide Weston, Executive Vice President of Agribusiness at Andersons, Inc. (NASDAQ:ANDE), recently sold 800 shares of the company’s common stock. The shares were sold at a price of $48 each, amounting to a total transaction value of $38,400. The sale comes as InvestingPro analysis indicates the stock is in overbought territory, though trading at an attractive P/E ratio of 12.8. Following this transaction, Weston holds 16,103.523 shares directly in the company. The sale was executed as part of a pre-arranged trading plan. Andersons, Inc. is headquartered in Maumee, Ohio, and operates within the wholesale farm product raw materials sector. The company has maintained dividend payments for 30 consecutive years and recently posted a significant 17% return over the last week. With a healthy current ratio of 1.65 and strong free cash flow yield, the company demonstrates solid financial fundamentals. Discover more insights and 10+ additional ProTips with an InvestingPro subscription.
In other recent news, The Andersons , Inc. reported fourth-quarter earnings that surpassed analyst expectations, marking a significant achievement for the company. The agribusiness firm posted adjusted earnings per share of $1.36, exceeding the consensus estimate of $1.02, while revenue reached $3.12 billion, surpassing the projected $2.8 billion. For the quarter ended December 31, 2024, The Andersons reported net income attributable to the company of $45.1 million, or $1.31 per diluted share, with adjusted net income at $46.9 million. The company’s Trade segment achieved record fourth-quarter pretax income of $54 million, driven by strong elevation margins and space income from an early harvest. The Renewables segment also performed well, with a pretax income of $25 million, aided by efficient plant operations and solid merchandising. Revenue for the quarter increased by 11.4% year-over-year to $3.12 billion. The Andersons concluded the quarter with a robust balance sheet, maintaining a cash balance of $562 million and a long-term debt to adjusted EBITDA ratio of 1.8 times.
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