Connor Clark & Lunn Investment Management Ltd. Invests $1.72 Million in The Andersons, Inc. $ANDE

Connor Clark & Lunn Investment Management Ltd. bought a new stake in The Andersons, Inc. (NASDAQ:ANDE) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 46,884 shares of the basic materials company’s stock, valued at approximately $1,723,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of Andersons as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Jennison Associates LLC acquired a new stake in Andersons during the second quarter valued at approximately $356,000. Teacher Retirement System of Texas boosted its holdings in Andersons by 4.9% in the second quarter. Teacher Retirement System of Texas now owns 141,792 shares of the basic materials company’s stock worth $5,211,000 after purchasing an additional 6,652 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in Andersons during the second quarter valued at $340,000. Vest Financial LLC increased its stake in Andersons by 43.5% during the second quarter. Vest Financial LLC now owns 98,442 shares of the basic materials company’s stock valued at $3,618,000 after purchasing an additional 29,858 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Andersons during the second quarter worth $114,000. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Anne G. Rex sold 3,000 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $51.36, for a total value of $154,080.00. Following the completion of the transaction, the vice president owned 23,549 shares in the company, valued at $1,209,476.64. This represents a 11.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.30% of the stock is owned by insiders.

Andersons Stock Performance

ANDE opened at $49.28 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $43.77 and its 200-day moving average is $39.37. The stock has a market cap of $1.67 billion, a PE ratio of 20.97 and a beta of 0.76. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $51.89.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, November 4th. The basic materials company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.46 by $0.38. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.80 EPS. On average, analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, October 1st. Andersons’s payout ratio is currently 36.45%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research report on Wednesday, October 8th. BMO Capital Markets upped their target price on Andersons from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.33.

Andersons 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.