Mackenzie Financial Corp Purchases Shares of 3,731 The Andersons, Inc. (NASDAQ:ANDE)

Mackenzie Financial Corp purchased a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,731 shares of the basic materials company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Andersons by 1.2% during the third quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after purchasing an additional 47,494 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Andersons by 111.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,336 shares of the basic materials company’s stock valued at $5,083,000 after buying an additional 46,587 shares in the last quarter. Nordea Investment Management AB lifted its position in Andersons by 1.9% in the 3rd quarter. Nordea Investment Management AB now owns 38,389 shares of the basic materials company’s stock worth $1,981,000 after buying an additional 714 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Andersons by 199.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 61,649 shares of the basic materials company’s stock worth $3,176,000 after buying an additional 41,037 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in Andersons by 35.0% during the fourth quarter. Ritholtz Wealth Management now owns 16,713 shares of the basic materials company’s stock valued at $962,000 after acquiring an additional 4,337 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Insider Buying and Selling

In other Andersons news, CEO Patrick E. Bowe sold 34,597 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the completion of the sale, the chief executive officer now directly owns 83,515 shares in the company, valued at approximately $4,631,741.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Patrick E. Bowe sold 34,597 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the transaction, the chief executive officer now directly owns 83,515 shares in the company, valued at approximately $4,631,741.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total value of $203,253.87. Following the sale, the chief executive officer now owns 85,159 shares in the company, valued at $5,110,391.59. The disclosure for this sale can be found here. Insiders have sold a total of 45,245 shares of company stock worth $2,534,099 in the last quarter. Corporate insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

ANDE has been the topic of a number of recent research reports. Roth Capital reaffirmed a “buy” rating and set a $65.00 price objective on shares of Andersons in a research note on Tuesday, February 6th. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $62.50.

Andersons Stock Up 0.6 %

Shares of NASDAQ:ANDE opened at $57.27 on Tuesday. The firm has a market capitalization of $1.95 billion, a P/E ratio of 19.48 and a beta of 0.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72. The stock has a 50 day moving average price of $55.86 and a 200-day moving average price of $53.73. The Andersons, Inc. has a 52-week low of $35.69 and a 52-week high of $61.46.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.48. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $4.26 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The firm’s quarterly revenue was down 31.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, equities research analysts anticipate that The Andersons, Inc. will post 2.54 EPS for the current fiscal year.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.33%. Andersons’s payout ratio is presently 25.85%.

About Andersons

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.