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

The Manufacturers Life Insurance Company lowered its stake in The Andersons, Inc. (NASDAQ:ANDE) by 6.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 80,579 shares of the basic materials company’s stock after selling 5,760 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Andersons were worth $3,265,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ANDE shares. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday. Lake Street Capital lowered their price objective on shares of Andersons from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday. Stephens reaffirmed an “overweight” rating and set a $55.00 target price on shares of Andersons in a research note on Wednesday, February 19th. Finally, BMO Capital Markets started coverage on shares of Andersons in a research report on Tuesday. They issued a “market perform” rating and a $45.00 price target for the company.

Andersons Stock Performance

Shares of ANDE opened at $34.65 on Friday. The stock has a 50-day simple moving average of $39.67 and a 200-day simple moving average of $42.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $55.52. The stock has a market capitalization of $1.18 billion, a PE ratio of 10.44 and a beta of 0.73.

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

Andersons Announces Dividend

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

Insider Transactions at Andersons

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

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.