CANADA LIFE ASSURANCE Co Sells 2,409 Shares of The Andersons, Inc. (NASDAQ:ANDE)

CANADA LIFE ASSURANCE Co lessened its stake in The Andersons, Inc. (NASDAQ:ANDE) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,567 shares of the basic materials company’s stock after selling 2,409 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.09% of Andersons worth $1,278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC increased its holdings in Andersons by 347.7% during the 3rd quarter. Barclays PLC now owns 54,358 shares of the basic materials company’s stock valued at $2,725,000 after purchasing an additional 42,217 shares during the period. Nordea Investment Management AB increased its holdings in Andersons by 86.5% during the 4th quarter. Nordea Investment Management AB now owns 101,099 shares of the basic materials company’s stock valued at $4,110,000 after purchasing an additional 46,903 shares during the period. Diversified Trust Co increased its holdings in Andersons by 9.1% during the 4th quarter. Diversified Trust Co now owns 11,278 shares of the basic materials company’s stock valued at $457,000 after purchasing an additional 944 shares during the period. Peoples Bank KS increased its holdings in Andersons by 250.0% during the 4th quarter. Peoples Bank KS now owns 700 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in Andersons during the 4th quarter valued at about $2,744,000. Institutional investors own 87.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ANDE. StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Stephens reiterated an “overweight” rating and set a $55.00 target price on shares of Andersons in a report on Wednesday, February 19th.

Insider Buying and Selling

In related news, VP Weston Heide sold 800 shares of the company’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 value of $38,400.00. Following the transaction, the vice president now directly owns 16,104 shares of the company’s stock, valued at approximately $772,992. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Andersons Stock Up 0.3 %

ANDE stock opened at $38.14 on Tuesday. 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 company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.49 and a beta of 0.55. The business’s 50 day moving average price is $41.05 and its two-hundred day moving average price is $43.20. The Andersons, Inc. has a fifty-two week low of $35.88 and a fifty-two week high of $57.78.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.34. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.72 billion. Andersons had a return on equity of 7.59% and a net margin of 1.01%. As a group, analysts forecast that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st were paid a $0.195 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 2.05%. Andersons’s payout ratio is currently 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.