S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10

The Andersons, Inc. (NASDAQ:ANDE) Short Interest Down 22.0% in September

Last updated on Monday, October 18, 2021 | 2021 MarketBeat

The Andersons, Inc. (NASDAQ:ANDE) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 334,900 shares, a decrease of 22.0% from the September 15th total of 429,100 shares. Based on an average daily trading volume, of 141,300 shares, the short-interest ratio is currently 2.4 days. Approximately 1.1% of the company's shares are sold short.

Shares of NASDAQ:ANDE opened at $31.23 on Monday. The Andersons has a 52-week low of $18.02 and a 52-week high of $34.41. The company has a market capitalization of $1.04 billion, a P/E ratio of 14.20 and a beta of 0.68. The company has a 50-day simple moving average of $30.21 and a 200 day simple moving average of $29.66. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.78 and a current ratio of 1.32.

The Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, August 2nd. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.61 by $0.70. The Andersons had a net margin of 0.71% and a return on equity of 6.47%. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.42 billion. As a group, equities analysts forecast that The Andersons will post 2.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 22nd. Investors of record on Friday, October 1st will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 30th. This represents a $0.70 annualized dividend and a yield of 2.24%. The Andersons's dividend payout ratio (DPR) is currently 777.78%.

In other The Andersons news, VP Anne G. Rex sold 3,331 shares of the stock in a transaction dated Wednesday, August 25th. The stock was sold at an average price of $30.96, for a total transaction of $103,127.76. Following the completion of the transaction, the vice president now owns 20,897 shares in the company, valued at approximately $646,971.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.20% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in The Andersons by 4.2% in the 2nd quarter. BlackRock Inc. now owns 5,213,792 shares of the basic materials company's stock valued at $159,176,000 after purchasing an additional 210,638 shares during the last quarter. Vanguard Group Inc. lifted its position in The Andersons by 2.1% during the second quarter. Vanguard Group Inc. now owns 3,578,482 shares of the basic materials company's stock worth $109,252,000 after acquiring an additional 72,119 shares during the last quarter. Acuitas Investments LLC lifted its position in The Andersons by 3,994.5% during the second quarter. Acuitas Investments LLC now owns 2,747,914 shares of the basic materials company's stock worth $90,000 after acquiring an additional 2,680,801 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in The Andersons by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,486,319 shares of the basic materials company's stock worth $75,906,000 after acquiring an additional 14,728 shares during the last quarter. Finally, State Street Corp lifted its position in The Andersons by 4.5% during the second quarter. State Street Corp now owns 1,084,396 shares of the basic materials company's stock worth $33,107,000 after acquiring an additional 46,468 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

A number of equities analysts have issued reports on the company. Seaport Res Ptn upgraded The Andersons from a "neutral" rating to a "buy" rating in a report on Wednesday, August 18th. Seaport Global Securities upgraded shares of The Andersons from a "neutral" rating to a "buy" rating in a research note on Wednesday, August 18th. Zacks Investment Research downgraded shares of The Andersons from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 5th. Finally, TheStreet upgraded shares of The Andersons from a "c+" rating to a "b-" rating in a research note on Monday, September 20th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $34.50.

The Andersons Company Profile

The Andersons, Inc is an agricultural rooted diversified company, which engages in railcar leasing and repair, turf products production, and consumer retailing. It operates through the following business segments: Trade, Ethanol, Plant Nutrient, and Rail. The Trade segment specializes in the movement of physical commodities such as whole grains, grains products, feed ingredients, frac sand, domestic fuel products, and other agricultural commodities.

Read More: Hold Rating

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in The Andersons right now?

Before you consider The Andersons, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Andersons wasn't on the list.

While The Andersons currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.