The Andersons, Inc. (NASDAQ:ANDE) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in The Andersons, Inc. (NASDAQ:ANDE) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,579 shares of the basic materials company’s stock after selling 5,760 shares during the period. The Manufacturers Life Insurance Company owned about 0.24% of Andersons worth $3,265,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Andersons by 15.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,624 shares of the basic materials company’s stock worth $30,456,000 after purchasing an additional 99,045 shares during the period. Intech Investment Management LLC increased its position in shares of Andersons by 221.3% in the fourth quarter. Intech Investment Management LLC now owns 135,678 shares of the basic materials company’s stock valued at $5,498,000 after buying an additional 93,453 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Andersons by 7.8% during the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company’s stock worth $47,278,000 after buying an additional 84,133 shares during the period. Wellington Management Group LLP lifted its position in shares of Andersons by 150.2% during the 4th quarter. Wellington Management Group LLP now owns 139,626 shares of the basic materials company’s stock valued at $5,658,000 after buying an additional 83,817 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in Andersons in the 4th quarter valued at $2,744,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Insider Activity

In other Andersons news, VP Weston Heide sold 800 shares of Andersons stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the transaction, the vice president now directly owns 16,104 shares of the company’s stock, valued at $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

ANDE has been the topic of several recent analyst reports. Lake Street Capital decreased their price objective on shares of Andersons from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday. Stephens reissued an “overweight” rating and set a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th. Finally, BMO Capital Markets started coverage on Andersons in a research note on Tuesday. They issued a “market perform” rating and a $45.00 price target on the stock.

Andersons Stock Performance

ANDE opened at $34.65 on Friday. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $55.52. The firm has a market capitalization of $1.18 billion, a PE ratio of 10.44 and a beta of 0.73. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $39.67 and its 200 day moving average price is $42.50.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.20. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 2.25%. Andersons’s dividend payout ratio is presently 23.49%.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.