The Andersons, Inc. (NASDAQ: ANDE) – Seaport Res Ptn stock research analysts increased their estimates of first quarter 2022 earnings per share for The Andersons stocks in a research note released Thursday, 4 November. Seaport Res Ptn analyst E. Larson now predicts the basic materials company will earn $ 0.41 per share for the quarter, up from its previous forecast of $ 0.38. Seaport Res Ptn currently has a “Buy” rating on stock. Seaport Res Ptn also released estimates for The Andersons’ second quarter 2022 earnings at $ 0.96 EPS.
A number of other brokerages have also weighed on ANDE recently. TheStreet upped The Andersons shares from a “c +” rating to a “b-” rating in a report released on Monday, September 20. Seaport Global Securities upgraded The Andersons shares from a “neutral” to a “buy” rating in a report released on Wednesday, August 18. Lake Street Capital reaffirmed a buy rating and set a target price of $ 41.00 for The Andersons shares in a report released Wednesday. Stephens upgraded shares of The Andersons from a “peer-to-peer” rating to an “overweight” rating and increased their target price for the share from $ 36.00 to $ 48.00 in a report released Thursday. Finally, Zacks Investment Research reduced shares of The Andersons from a “strong buy” rating to a “conservation” rating in a research report released Tuesday. Two analysts rated the stock with a conservation rating and four issued a buy rating for the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $ 39.50.
ANDE shares opened at $ 37.03 on Friday. The company has a market cap of $ 1.23 billion, a price-to-earnings ratio of 13.77 and a beta of 0.70. The Andersons have a one-year low at $ 18.11 and a one-year high at $ 37.15. The company’s fifty-day simple moving average is $ 30.88 and its 200-day simple moving average is $ 29.96. The company has a current ratio of 1.32, a quick ratio of 0.78, and a debt ratio of 0.71. The Andersons (NASDAQ: ANDE) last released their results on Monday, November 1. The basic materials company reported earnings of $ 0.15 per share for the quarter, beating the Zacks’ consensus estimate by $ 0.27 ($ 0.12). The Andersons had a net margin of 0.79% and a return on equity of 7.04%. In the same quarter of the previous year, the company made EPS ($ 0.07).
A number of hedge funds have recently changed their positions in ANDE. Acuitas Investments LLC increased its holdings in The Andersons by 3,994.5% in the second quarter. Acuitas Investments LLC now owns 2,747,914 shares of the basic materials company valued at $ 90,000 after acquiring an additional 2,680,801 shares in the last quarter. BlackRock Inc. increased its holdings in The Andersons by 4.2% in the second quarter. BlackRock Inc. now owns 5,213,792 shares of the basic materials company valued at $ 159,176,000 after acquiring an additional 210,638 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in The Andersons by 659.7% in the first quarter. Deprince Race & Zollo Inc. now owns 186,461 shares of the basic materials company valued at $ 5,105,000 after acquiring an additional 161,916 shares during the last quarter. Morgan Stanley increased its holdings in The Andersons by 94.0% in the first quarter. Morgan Stanley now owns 327,791 shares of the basic materials company valued at $ 8,975,000 after acquiring an additional 158,792 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in The Andersons by 26.1% in the second quarter. Invesco Ltd. now owns 685,406 shares of the basic materials company valued at $ 20,925,000 after acquiring an additional 141,701 shares in the last quarter. Institutional investors and hedge funds hold 75.85% of the company’s shares.
In addition, Vice-President Anne G. Rex sold 3,331 shares of the company in a transaction that took place on Wednesday, August 25. The stock was sold for an average price of $ 30.96, for a total value of $ 103,127.76. Following the closing of the transaction, the Vice President now owns 20,897 shares of the company, valued at $ 646,971.12. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible through this link. Company insiders own 7.20% of the company’s shares.
The company also recently announced a quarterly dividend, which was paid on Friday, October 22. Shareholders of record on Friday October 1 received a dividend of $ 0.175 per share. This represents an annualized dividend of $ 0.70 and a return of 1.89%. The ex-dividend date of this dividend was Thursday, September 30. The Anderson payout ratio is 777.78%.
The Andersons Company Profile
The Andersons, Inc is a diverse, agriculture-based company engaged in railcar rental and repair, sod production, and retail. It operates in the following business sectors: commerce, ethanol, plant nutrients and rail. The Commerce segment specializes in the movement of physical products such as whole grains, grain products, feed ingredients, fracking sand, household energy products and other agricultural products.
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