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

Mackenzie Financial Corp acquired a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) in the 4th quarter, HoldingsChannel reports. The firm acquired 3,731 shares of the basic materials company’s stock, valued at approximately $215,000.

A number of other institutional investors also recently modified their holdings of ANDE. C M Bidwell & Associates Ltd. acquired a new position in Andersons during the 3rd quarter worth about $33,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Andersons during the third quarter worth approximately $107,000. Meeder Asset Management Inc. bought a new stake in shares of Andersons during the fourth quarter valued at approximately $110,000. Nomura Holdings Inc. acquired a new stake in shares of Andersons in the third quarter valued at approximately $216,000. Finally, Acadian Asset Management LLC raised its position in Andersons by 491.8% in the 3rd quarter. Acadian Asset Management LLC now owns 5,409 shares of the basic materials company’s stock worth $278,000 after purchasing an additional 4,495 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

Insider Activity

In related news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the sale, the director now owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Michael J. Anderson sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the transaction, the director now directly owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick E. Bowe sold 3,387 shares of Andersons stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total transaction of $203,253.87. Following the completion of 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 over the last three months. Corporate insiders own 5.10% of the company’s stock.

Andersons Trading Up 0.6 %

NASDAQ:ANDE opened at $57.27 on Tuesday. The business’s 50-day simple moving average is $55.86 and its 200-day simple moving average is $53.73. The Andersons, Inc. has a fifty-two week low of $35.69 and a fifty-two week high of $61.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00. The stock has a market capitalization of $1.95 billion, a PE ratio of 19.48 and a beta of 0.68.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.48. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The business’s revenue was down 31.3% on a year-over-year basis. Sell-side analysts expect that The Andersons, Inc. will post 2.54 earnings per share for the current fiscal year.

Andersons Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on ANDE. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Roth Capital reiterated a “buy” rating and issued a $65.00 price objective on shares of Andersons in a research report on Tuesday, February 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Andersons presently has an average rating of “Buy” and an average price target of $62.50.

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.