ANDE $52.64

ANDE target price
The Andersons, Inc.
Traded as NASDAQ: ANDE
S&P 600 Component
Industry Conglomerate
Founded 1947 (1947)
Founder Mr. Anderson
Headquarters Maumee, Ohio, United States
Area served
Key people
Michael J. Anderson (Chairman)
Patrick E. Bowe (CEO)
Harold M. Reed (COO)
Products Grains, commodities trading, ethanol, fertilizers, crop insurance, finance
Revenue Increase US$ 5.27 billion (FY 2012)
Operating income
Decrease US$ 111.08 million (FY 2012)
Net income
Decrease US$ 79.48 million (FY 2012)
Total assets Increase US$ 2.18 million (FY 2012)
Total equity Increase US$ 594.41 million (FY 2012)
Number of employees
Divisions Andersons Ethanol Group
Andersons Grain Group
Andersons Nutrients Group
Andersons Rail Group
Andersons Turf & Specialty Group
Website www.andersonsinc.com
Footnotes / references

The Andersons, Inc. is an agribusiness established in 1947 that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry. It now, in various phases, provides merchandising, production and distribution of products and services to the agribusiness community. It is organized into four business groups: grain, ethanol, plant nutrient and rail, previously also having both a retail and a turf & specialty group. Its grain business provides grain storage and management facilities with a particular focus on the Eastern Corn Belt of Ohio, Indiana, Michigan, Nebraska and Illinois through grain terminals located in those states, crop insurance, commodity risk management and grain delivery services through its rail business. It is headquartered in Maumee, Ohio.

It had revenues of $4,576,331,000 for the 2011 fiscal year ending December 31, 2011.

On Aug 19, 2003, The Andersons announced to restate income for 2002 and the first quarter of 2003, after they determined that the earnings reported under a five-year grain marketing agreement did not follow a new accounting pronouncement. In total, the company's income remained unchanged.

On Nov 18, 2005, The Andersons restated the Statement of Cash Flows for the nine-month period ended September 30, 2005, due to an error in the procedures of preparation. On January 15, 2017, The Andersons announced that they will cease their retail operations, closing stores in Maumee, Toledo and Columbus, Ohio, during the second quarter of 2017, and focus on their grain, rail car, ethanol, and plant nutrients units.

The Andersons, Inc. was founded in 1940 as The Andersons Truck Terminal (ATT) by Harold & Margaret Anderson. ATT was focused on grain transportation and storage, using grain elevators and a rail transfer station.

In the 1950s, the company expanded its grain terminals. It also opened its first retail store known as The Andersons Warehouse Market. Andersons began fertilizer blending and then corn milling as well.

In the 1960s, The Andersons opened the first deep-water grain loading facility on the US side of the Great Lakes. They were the first elevator in the US to load 100 car trains in Champaign, Illinois. They also opened the largest steel tank grain storage in Maumee, Ohio. Also in the 1960s, the company entered the Lawn Products business.

As the grain business grew in the 1970s, so did The Andersons. They expanded their river elevator, and continued to ship via rail adding the Gulf ports as a destination. They also built a grain elevator and corn mill in Delphi, Indiana. The original retail store in Maumee, Ohio was replaced by a new, larger store located across the street from the original.

In the 1980s, continuing the growth of the 70s, The Andersons opened a liquid fertilizer facility on the Maumee River, retail stores in Toledo and Columbus, more grain elevators in Indiana and Michigan, and fertilizer facilities in Delphi, Poneto, and Dunkirk, Indiana, as well as Webberville, Michigan. The company also formed The Andersons Management Corporation.

In the 1990s, the company entered the rail leasing business, and built a railcar repair shop in Maumee. The company opened a retail store in Lima, Ohio. The company acquired grain and liquid storage facilities in Clymers, Logansport, Seymour, North Manchester, and Waterloo, Indiana. On February 20, 1996 The Andersons was first listed on NASDAQ, and around that same time the company reached sales of US$1 billion.

In the 2000s, the company entered the ethanol business, and oversaw the construction of three ethanol plants. The company also expanded its rail division, by adding to its fleet and adding railcar repair shops in South Carolina and Georgia, as well as Mississippi. The company also earned ISO certifications for all of its liquid plant nutrient facilities, expanded its turf products division, and issued a 2-for-1 stock split and follow-on offering. The Andersons also opened a Specialty Food Market in Sylvania, Ohio in 2007. This store closed in 2016.

On June 3, 2017 The Andersons closed its retail doors for the last time citing a $20 Million dollar loss over 8 years. The retail stores employed nearly 1,050 of The Anderson's workforce.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-31 Future report Set alerts
Q2 2022 2022-08-02 2.39 2.39
Q1 2022 2022-05-03 0.18 0.18
Q4 2021 2022-02-15 1.14 1.14
Q3 2021 2021-11-02 0.15 0.15
Q2 2021 2021-08-03 1.31 1.31
Q1 2021 2021-05-04 0.46 0.46
Q4 2020 2021-02-16 0.59 0.59
Q3 2020 2020-11-03 -0.07 -0.07
Q2 2020 2020-08-04 0.88 0.88


2016-06-06 Reiterated Rating Macquarie Buy $36.00 to $42.00
2016-05-18 Upgrade Stephens Equal Weight to Overweight
2016-05-09 Downgrade Feltl & Co. Buy to Hold
2015-11-06 Lower Price Target BMO Capital Markets Market Perform $43.00 to $36.00
2015-10-19 Initiated Coverage Buckingham Research Neutral $39.00
2015-07-21 Lower Price Target Scotiabank $46.00 to $43.00
2015-07-07 Initiated Coverage Vertical Research Buy $47.00
2015-01-08 Downgrade BMO Capital Markets Outperform to Market Perform $62.00 to $56.00
2014-11-07 Downgrade Stephens Overweight to Equal Weight
2014-10-06 Upgrade Janney Montgomery Scott Neutral to Buy $68.00
2014-09-04 Initiated Coverage Janney Montgomery Scott Neutral
2014-08-08 Boost Price Target BMO Capital Markets $56.00 to $65.00
2014-08-08 Upgrade Feltl & Co. Hold to Buy
2014-07-18 Upgrade BB&T Capital Mkts Hold to Buy
2014-07-18 Upgrade BB&T Corp. Hold to Buy
2014-06-04 Upgrade Macquarie Neutral to Outperform $58.00
2014-05-28 Upgrade BMO Capital Markets Market Perform to Outperform $55.00 to $56.00
2014-05-09 Downgrade Feltl & Co. Buy to Hold $51.00
2014-02-06 Upgrade Stephens Equal Weight to Overweight
2014-01-09 Initiated Coverage Stifel Nicolaus Hold
2013-12-30 Downgrade Ned Davis Research Buy to Neutral
2013-12-17 Initiated Coverage Macquarie Neutral
2013-12-16 Upgrade Ned Davis Research Neutral to Buy
2013-11-08 Boost Price Target Feltl & Co. Buy $68.00 to $85.00
2013-11-08 Boost Price Target BMO Capital Markets Market Perform $70.00 to $78.00
2013-10-07 Initiated Coverage Ned Davis Research Neutral
2013-09-27 Boost Price Target Scotiabank Sector Perform to Sector Underperform $61.00 to $64.00
2013-09-06 Downgrade BB&T Capital Mkts Buy to Hold
2013-08-08 Reiterated Feltl & Co. Buy $57 to $68
2012-12-11 Upgrade BB&T Capital Mkts Hold to Buy
2012-10-31 Reiterated Feltl & Co. Hold $42.50 to $47.60
2012-08-06 Reiterated Feltl & Co. Buy $52.82 to $42.50
2012-05-08 Downgrade Feltl & Co. Strong Buy to Buy $52.82
2012-01-04 Downgrade BB&T Capital Mkts Buy to Hold
2011-06-24 Initiated Boenning & Scattergood Outperform $50
2011-05-06 Upgrade Feltl & Co. Buy to Strong Buy
2011-04-11 Reiterated Feltl & Co. Buy $54.50 to $59.60
2011-02-10 Reiterated Morgan Joseph Buy $48 to $51
2010-12-02 Upgrade BB&T Capital Mkts Hold to Buy
2010-10-19 Downgrade BB&T Capital Mkts Buy to Hold
2010-08-30 Initiated Morgan Joseph Buy $48
2010-06-21 Upgrade BB&T Capital Mkts Hold to Buy
2010-05-04 Reiterated Feltl & Co. Buy $43 to $46
2010-04-16 Initiated Jesup & Lamont Buy $42
2010-02-18 Downgrade Piper Jaffray Overweight to Neutral $33
2016-06-06 Reiterated Rating Macquarie Buy $36.00 to $42.00
2016-05-18 Upgrade Stephens Equal Weight to Overweight
2016-05-09 Downgrade Feltl & Co. Buy to Hold
2015-11-06 Lower Price Target BMO Capital Markets Market Perform $43.00 to $36.00
2015-10-19 Initiated Coverage Buckingham Research Neutral $39.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
ANDERSON MICHAEL J Chairman, President and CEO 1484467.86%  (415651) ANDE / FE /
McKinstray Neill C President, Ethanol Group 188489.29%  (52777) ANDE /
REED HAROLD M Chief Operating Officer 168100.00%  (47068) ANDE /
Wolf William J President, Plant Nutrients Grp 131200.00%  (36736) ANDE /
MENNEL DONALD L 120375.00%  (33705) ANDE /
KILBANE CATHERINE M 95360.71%  (26701) ANDE / SHW /
Burchinow Naran Uchur VP General Counsel & Secretary 90582.14%  (25363) ANDE /
SHAH RASESH H President, Rail Group 88310.71%  (24727) ANDE /
Waggoner Thomas Lowell President, Turf & Specialty 82739.29%  (23167) ANDE /
WOODS JACQUELINE F 65246.43%  (18269) ANDE / TKR /
Granato John J CFO 63860.71%  (17881) ANDE /
Stout John T Jr 62442.86%  (17484) ANDE /
ANDERSON GERARD M 61489.29%  (17217) ANDE / DTE /
MANIRE ROSS W 54425.00%  (15239) ANDE / ZBRA /
Bowe Patrick E. President & CEO 53242.86%  (14908) ANDE /
DePompei Arthur D. VP Human Resources 51328.57%  (14372) ANDE /
NICHOLS DAVID L 43546.43%  (12193) ANDE / DFZ /
Mullin Patrick S. 36267.86%  (10155) ANDE / OMG /
KING ROBERT J JR 33260.71%  (9313) ANDE / SHLO /
Conrad Nicholas C VP Finance & Treasurer 18710.71%  (5239) ANDE /
ADDIS DENNIS J President, Grain Group 17525.00%  (4907) ANDE /
Burmeister James Charles VP Finance 15764.29%  (4414) ANDE / LBY /
ANDERSON DANIEL T President, Retail 6478.57%  (1814) ANDE /
McNeely Joseph E President, Rail Group 5592.86%  (1566) ANDE / RAIL /
Jorgenson Corbett J. President, Grain Group 5592.86%  (1566) ANDE /
IRMEN MICHAEL S President, Ethanol Group 5192.86%  (1454) ANDE /
Blair Jeffrey President, Plant Nutrient 4632.14%  (1297) ANDE / IPI /
Blanchett Valerie M Vice President, Human Resource 3860.71%  (1081) ANDE /
Rex Anne G VP & Corporate Controller 2675.00%  (749) ANDE /
Lombardi Anthony Chief Information Officer 2407.14%  (674) ANDE /
Dasari Srikanth R VP - Treasurer 2192.86%  (614) ANDE /
Sparks Tamara Sue VP,Corp.Relations/BusinessAnal 2042.86%  (572) ANDE /