Brian K. Walz, who serves as Vice President and Treasurer at The Andersons, Inc. (NASDAQ: ANDE), recorded a sale of 8,975 shares of the company’s common stock on March 12, 2026, according to a Form 4 filed with the Securities and Exchange Commission.
The shares were disposed of at $70.74 each, producing total proceeds of $634,891. The trade took place while ANDE’s share price hovered near its 52-week peak of $71.54, after the stock appreciated roughly 72% over the prior 12 months.
Per the filing details, Walz continues to hold 11,912.501 shares directly following the transaction. The sale was carried out under a Rule 10b5-1 trading plan. The Form 4 was signed on Walz’s behalf by Melissa Trippel under a limited power of attorney.
Independent valuation analysis from InvestingPro cited in the filing indicates that ANDE appears overvalued at current market levels based on Fair Value metrics. The filing also notes that InvestingPro subscribers gain access to 11 additional proprietary tips about ANDE, in addition to comprehensive Pro Research Reports covering more than 1,400 U.S. equities.
The stock sale comes in the wake of The Andersons’ fourth-quarter earnings release. The company reported adjusted earnings of $2.04 per share, significantly above the $1.56 per-share estimate. Revenue for the quarter, however, fell short of expectations, registering $2.54 billion versus forecasts of $3.28 billion.
Company commentary and the reported results highlighted record production levels as a driver of strong profitability in the period. The Renewables segment produced a pretax income of $54 million, supported by record ethanol output. The Agribusiness segment contributed a pretax income of $46 million, aided by a record corn harvest season.
Following the quarterly figures, Benchmark maintained a Buy rating on The Andersons and kept a $75.00 price target. Benchmark pointed to operational tailwinds and 45Z tax credits as notable contributors to the company’s quarter and to the firm’s positive stance.
The disclosed insider sale and the company’s mixed quarter - earnings outpacing expectations while revenue missed projections - present a nuanced picture for investors assessing ANDE’s near-term outlook. For investors seeking valuation context, the Fair Value calculator referenced in the filing aggregates 17 established industry valuation models to produce a composite view of ANDE’s attractiveness relative to its current market price.