Overview
Anne G. Rex, who serves as Vice President at Andersons, Inc. (NASDAQ: ANDE), disposed of 2,624.124 shares of common stock on March 4, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The disposition occurred in two trades executed at prices between $64.985 and $65.16, yielding a combined proceeds of $170,987.
Context and share price
At the time the filing was noted, Andersons shares were trading at $64.15, a level close to the company’s 52-week high of $70.06 and following a 51 percent increase over the past year. Analysis from InvestingPro cited in the filing indicates the stock currently appears overvalued relative to its Fair Value. The firm’s Pro Research Report also highlights that Andersons has maintained dividend payments for 31 consecutive years.
Insider holdings and execution details
After the transactions, Rex directly holds 23,829.206 shares of Andersons, Inc., a position valued at roughly $1.5 million based on current prices. The sales were carried out by Melissa Trippel under a Limited Power of Attorney dated June 1, 2023, per the Form 4 disclosure.
Company financials cited in filing
Additional company disclosures referenced in the filing and accompanying materials noted Andersons’ fourth-quarter results. The company reported adjusted earnings per share of $2.04, exceeding the expected $1.56 per share. Revenue for the quarter totaled $2.54 billion, which was below the consensus estimate of $3.28 billion. Despite the revenue shortfall, Andersons recorded a company record for adjusted net income at $70 million.
The Renewables segment produced pretax income of $54 million, supported by record ethanol production, while the Agribusiness division contributed $46 million in pretax income, aided by a record corn harvest. Benchmark reiterated a Buy rating on The Andersons with a price target of $75.00, citing operational strengths and favorable tax credits.
Takeaway
The filing documents a material insider sale executed when the share price was trading near a yearly high, while the company’s recent quarterly results show mixed signals - stronger than expected profitability on an adjusted EPS basis and record adjusted net income, but revenue below consensus. InvestingPro commentary included in the materials signals a view that the stock is trading above its Fair Value, and long-term dividend continuity is noted.
Key points
- Vice President Anne G. Rex sold 2,624.124 shares on March 4, 2026, for $170,987 across two trades at $64.985 to $65.16.
- Following the sale Rex retains 23,829.206 shares, valued at about $1.5 million at current prices.
- Andersons reported Q4 adjusted EPS of $2.04 versus $1.56 expected, revenue of $2.54 billion versus $3.28 billion consensus, and record adjusted net income of $70 million; Renewables and Agribusiness were key profit drivers.
Risks and uncertainties
- Valuation risk - InvestingPro analysis included with the filing indicates the stock appears overvalued relative to its Fair Value, which could influence investor perception.
- Revenue shortfall - Quarterly revenue of $2.54 billion missed the consensus estimate of $3.28 billion, highlighting potential top-line pressure despite stronger adjusted profitability.
- Concentration in operating segments - A significant portion of recent pretax income derived from Renewables and Agribusiness, exposing results to operational or commodity-related variability in those sectors.