Andersons Inc (NASDAQ:ANDE) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,280,000 shares, a drop of 6.6% from the December 15th total of 1,370,000 shares. Based on an average daily volume of 239,400 shares, the short-interest ratio is currently 5.3 days. Approximately 4.2% of the company’s shares are short sold.
Several analysts recently weighed in on ANDE shares. Zacks Investment Research upgraded shares of Andersons from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a report on Monday, January 6th. BidaskClub upgraded shares of Andersons from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Buckingham Research cut their price target on shares of Andersons to $23.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Stephens started coverage on shares of Andersons in a report on Monday, October 7th. They issued an “equal weight” rating and a $21.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $24.33.
In related news, insider Joseph E. Mcneely purchased 2,382 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $21.04 per share, for a total transaction of $50,117.28. Following the completion of the acquisition, the insider now directly owns 15,189 shares in the company, valued at approximately $319,576.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James J. Pirolli purchased 6,567 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $23.19 per share, for a total transaction of $152,288.73. Insiders bought 23,649 shares of company stock worth $543,299 in the last 90 days. Company insiders own 5.00% of the company’s stock.
Shares of ANDE stock traded up $0.47 during mid-day trading on Thursday, reaching $25.57. 2,290 shares of the company’s stock traded hands, compared to its average volume of 166,827. Andersons has a 12 month low of $17.40 and a 12 month high of $38.23. The company has a market cap of $808.81 million, a P/E ratio of 15.73 and a beta of 1.34. The company has a quick ratio of 0.70, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. The company’s 50-day moving average price is $24.53 and its 200-day moving average price is $23.73.
Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, November 5th. The basic materials company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.12). Andersons had a net margin of 0.49% and a return on equity of 5.19%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the firm posted $0.02 EPS. The business’s quarterly revenue was up 189.2% on a year-over-year basis. Equities analysts predict that Andersons will post 1.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Tuesday, December 31st. This is a boost from Andersons’s previous quarterly dividend of $0.17. Andersons’s payout ratio is 42.94%.
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain 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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