The Andersons, Inc. (NASDAQ:ANDE) Stock Holdings Trimmed by Great West Life Assurance Co. Can


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Great West Life Assurance Co. Can reduced its position in The Andersons, Inc. (NASDAQ:ANDE) by 13.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 36,641 shares of the basic materials company’s stock after selling 5,900 shares during the period. Great West Life Assurance Co. Can’s holdings in The Andersons were worth $702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Nuveen Asset Management LLC increased its holdings in The Andersons by 28.0% in the second quarter. Nuveen Asset Management LLC now owns 580,910 shares of the basic materials company’s stock valued at $7,993,000 after buying an additional 127,107 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of The Andersons by 284.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 286,847 shares of the basic materials company’s stock valued at $5,499,000 after purchasing an additional 212,247 shares during the last quarter. Bridgeway Capital Management Inc. grew its holdings in shares of The Andersons by 86.3% during the second quarter. Bridgeway Capital Management Inc. now owns 233,216 shares of the basic materials company’s stock valued at $3,209,000 after purchasing an additional 108,000 shares during the last quarter. Morgan Stanley grew its holdings in shares of The Andersons by 7.8% during the third quarter. Morgan Stanley now owns 140,884 shares of the basic materials company’s stock valued at $2,701,000 after purchasing an additional 10,178 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of The Andersons by 48.1% during the third quarter. JPMorgan Chase & Co. now owns 106,373 shares of the basic materials company’s stock valued at $2,089,000 after purchasing an additional 34,570 shares during the last quarter. 72.40% of the stock is owned by hedge funds and other institutional investors.

ANDE has been the subject of several recent research reports. National Securities reaffirmed a “buy” rating and set a $24.00 target price on shares of The Andersons in a report on Friday, October 16th. BMO Capital Markets lowered The Andersons from an “outperform” rating to a “market perform” rating and upped their target price for the company from $24.00 to $26.00 in a report on Monday. Zacks Investment Research lowered The Andersons from a “hold” rating to a “sell” rating in a report on Thursday, December 3rd. Seaport Global Securities raised The Andersons from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a report on Thursday, September 24th. Finally, BidaskClub raised The Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.60.

Shares of ANDE stock opened at $24.55 on Thursday. The Andersons, Inc. has a 12-month low of $10.00 and a 12-month high of $26.01. The firm has a market capitalization of $809.61 million, a price-to-earnings ratio of -350.71 and a beta of 0.74. The business has a 50 day simple moving average of $23.76 and a 200 day simple moving average of $19.51. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.40 and a quick ratio of 0.72.

The Andersons (NASDAQ:ANDE) last released its earnings results on Sunday, November 8th. The basic materials company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.93 billion. The Andersons had a positive return on equity of 0.17% and a negative net margin of 0.02%. On average, equities analysts anticipate that The Andersons, Inc. will post 0.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 20th. Shareholders of record on Monday, January 4th will be given a $0.175 dividend. The ex-dividend date is Thursday, December 31st. This represents a $0.70 dividend on an annualized basis and a yield of 2.85%. The Andersons’s dividend payout ratio (DPR) is 53.85%.

The Andersons Profile

The Andersons, Inc, an agriculture company, operates in the trade, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Trade segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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Institutional Ownership by Quarter for The Andersons (NASDAQ:ANDE)

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