ANDE
The Andersons, Inc.
NasdaqGSUSDEQUITY
Consumer Defensive
DELAYED
Neutral
-3/100
Last price
66.61
▼ 0.30 (0.44%)
MARKET · —
Price
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Tool
1D
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Open
—
Prev close
66.90
Day high
67.47
Day low
65.20
Volume
265.02K
Market cap
$2.26B
P/E (TTM)
12.86
52W range
40.81 – 82.11
Trailing performance
Returnvs SPY
1W
+0.60%
-1.3%
1M
-3.90%
-5.1%
3M
-7.55%
-12.1%
6M
-8.79%
-27.0%
YTD
+25.28%
+11.0%
1Y
+61.32%
+44.9%
3Y
+29.31%
-52.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on ANDE open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-23.51K
Net selling
Buy transactions
23
33.32K shares
Sell transactions
7
56.83K shares
Net transactions
+30
Buys less sells
Sell : buy shares
1.7 : 1
Mixed
Insider-held shares
1.35M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Oct 2, 26 | AYUK EMMANUEL General Counsel |
— | 4.17K | — | Direct |
| Oct 2, 26 | AYUK EMMANUEL General Counsel |
STOCK | 63 | $0 | Direct |
| Sep 2, 26 | ZIBBEL SARAH Officer |
— | 1.94K | — | Direct |
| Sep 1, 26 | ZIBBEL SARAH Officer |
STOCK | 69 | $0 | Direct |
| Aug 24, 26 | HEPPNER DAVID R. Director |
STOCK | 37 | $0 | Direct |
| Aug 3, 26 | HEPPNER DAVID R. Director |
STOCK | 283 | $0 | Direct |
| Jul 22, 26 | BOWE PATRICK E. Director |
SELL | 3.53K | $284.59K | Direct |
| Jun 24, 26 | HEPPNER DAVID R. Director |
STOCK | 194 | $0 | Direct |
| Jun 4, 26 | REX ANNE G. Officer |
SELL | 1.83K | $133.55K | Direct |
| May 7, 26 | ANDERSON GERARD M. Director |
— | 3.38K | — | Direct |
| May 7, 26 | KING ROBERT J. JR Director |
— | 3.38K | — | Direct |
| May 7, 26 | MANIRE ROSS WAYNE Director |
— | 3.38K | — | Direct |
| May 7, 26 | OAKLAND STEVEN T. Director |
— | 2.63K | — | Direct |
| May 7, 26 | KILBANE CATHERINE M Director |
— | 3.38K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ANDERSON GERARD M. |
Director | 360.47K | Conversion of Exercise of derivative security |
BOWE PATRICK E. |
Director | 74.87K | Sale |
CASTELLANO CHRISTINE M. |
General Counsel | 45.84K | Conversion of Exercise of derivative security |
KILBANE CATHERINE M |
Director | 53.44K | Conversion of Exercise of derivative security |
KING ROBERT J. JR |
Director | 55.03K | Conversion of Exercise of derivative security |
KRUEGER WILLIAM E |
Chief Executive Officer | — | Stock Gift |
MANIRE ROSS WAYNE |
Director | 36.98K | Conversion of Exercise of derivative security |
MCNEELY JOSEPH E |
Officer | 54.72K | Conversion of Exercise of derivative security |
STOUT JOHN T. JR. |
Director | 31.07K | Conversion of Exercise of derivative security |
VALENTINE BRIAN A. |
Chief Financial Officer | 101.93K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$2.26B
Enterprise value$3.11B
Revenue (TTM)$10.94B
Gross profit$785.28M
EBITDA$302.51M
Net income$177.32M
EPS (TTM)$5.18
Free cash flow$-109.11M
Total cash$66.55M
Total debt$900.76M
Book value / share$39.13
Shares outstanding33.98M
Float32.21M
Short % of float5.88%
Dividend yield1.20%
Beta (5Y)0.66
Valuation & profitability ratios
Trailing P/E12.86
Forward P/E10.43
PEG ratio0.89
Price / sales—
Price / book1.70
EV / revenue0.29
EV / EBITDA10.30
Gross margin7.18%
Operating margin1.61%
Profit margin1.62%
Return on equity12.16%
Return on assets3.03%
Debt / equity66.35
Current ratio1.51
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $11.01B | $11.26B | $14.75B | $17.33B | — | -2.2% |
| Operating revenue | $11.01B | $11.26B | $14.75B | $17.33B | — | -2.2% |
| Cost of revenue | $10.30B | $10.56B | $14.00B | $16.64B | — | -2.5% |
| Gross profit | $713.65M | $693.93M | $745.36M | $684.16M | — | +2.8% |
| Selling, general & admin | — | $503.62M | $492.26M | $457.56M | $423.13M | — |
| Total operating expense | $585.23M | $503.62M | $492.26M | $457.56M | — | +16.2% |
| Operating income | $128.42M | $190.31M | $253.10M | $226.61M | — | -32.5% |
| Net interest income | -$39.96M | -$10.67M | -$33.86M | -$53.85M | — | -274.6% |
| Pre-tax income | $141.47M | $200.76M | $169.56M | $194.58M | — | -29.5% |
| Tax provision | $22.17M | $30.06M | $37.03M | $39.63M | — | -26.2% |
| Net income | $95.71M | $114.01M | $101.19M | $131.08M | — | -16.1% |
| Net income to common | $95.71M | $114.01M | $101.19M | $131.08M | — | -16.1% |
| Basic EPS | 2.81 | 3.35 | 3.00 | 3.89 | — | -16.1% |
| Diluted EPS | 2.79 | 3.32 | 2.94 | 3.81 | — | -16.0% |
| EBIT | $188.63M | $232.52M | $216.43M | $251.43M | — | -18.9% |
| EBITDA | $321.95M | $360.32M | $341.54M | $386.17M | — | -10.6% |
| Basic shares | 34.06M | 34.03M | 33.73M | 33.70M | — | +0.1% |
| Diluted shares | 34.31M | 34.34M | 34.42M | 34.40M | — | -0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $98.28M | $561.77M | $643.85M | $115.27M | -82.5% |
| Cash & short-term investments | $98.28M | $561.77M | $643.85M | $115.27M | -82.5% |
| Accounts receivable | $652.47M | $764.55M | $762.55M | $1.25B | -14.7% |
| Inventory | $1.37B | $1.29B | $1.17B | $1.73B | +6.1% |
| Total current assets | $2.38B | $2.85B | $2.81B | $3.47B | -16.6% |
| Property, plant & equipment | $1.05B | $972.78M | $747.60M | $824.62M | +7.8% |
| Goodwill & intangibles | $191.37M | $197.20M | $213.44M | $230.25M | -3.0% |
| Total assets | $3.71B | $4.12B | $3.86B | $4.61B | -9.9% |
| Total current liabilities | $1.69B | $1.73B | $1.64B | $2.52B | -2.6% |
| Current debt | $312.80M | $202.75M | $70.67M | $382.73M | +54.3% |
| Long-term debt | $560.02M | $608.15M | $562.96M | $492.52M | -7.9% |
| Total debt | $944.36M | $876.22M | $665.29M | $912.39M | +7.8% |
| Total liabilities | $2.42B | $2.52B | $2.34B | $3.18B | -3.9% |
| Retained earnings | $1.04B | $970.71M | $882.94M | $807.77M | +7.0% |
| Shareholder equity | $1.24B | $1.37B | $1.28B | $1.20B | -8.9% |
| Working capital | $690.01M | $1.12B | $1.17B | $944.63M | -38.3% |
| Net tangible assets | $1.05B | $1.17B | $1.07B | $968.35M | -9.9% |
| Shares issued | 34.21M | 34.08M | 34.06M | 34.06M | +0.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $119.30M | $170.70M | $132.53M | $166.98M | -30.1% |
| Depreciation & amortisation | $133.32M | $127.80M | $125.11M | $134.74M | +4.3% |
| Stock-based compensation | $16.98M | $13.63M | $12.86M | $11.19M | +24.6% |
| Change in working capital | -$101.17M | $8.24M | $595.52M | -$27.92M | -1,327.6% |
| Operating cash flow | $177.00M | $331.51M | $946.75M | $287.12M | -46.6% |
| Capital expenditure | -$233.12M | -$149.19M | -$150.44M | -$139.74M | -56.3% |
| Investing cash flow | -$195.31M | -$163.07M | -$153.88M | -$52.90M | -19.8% |
| Share buybacks | -$15.37M | -$2.29M | -$1.75M | -$12.72M | -569.5% |
| Dividends paid | -$26.85M | -$26.27M | -$25.37M | -$24.61M | -2.2% |
| Financing cash flow | -$447.15M | -$250.36M | -$263.99M | -$334.73M | -78.6% |
| Free cash flow | -$56.13M | $182.32M | $796.31M | $147.38M | -130.8% |
| End cash position | $98.28M | $561.77M | $643.85M | $115.27M | -82.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $3.10B | $2.63B | $2.54B | $2.68B | $3.14B | — | +17.9% |
| Operating revenue | $3.10B | $2.63B | $2.54B | $2.68B | $3.14B | — | +17.9% |
| Cost of revenue | $2.87B | $2.47B | $2.30B | $2.51B | $2.98B | — | +16.5% |
| Gross profit | $223.73M | $160.58M | $231.49M | $170.87M | $158.42M | — | +39.3% |
| Selling, general & admin | — | — | — | $172.55M | — | $145.75M | — |
| Total operating expense | $173.77M | $144.66M | $132.34M | $172.55M | $134.59M | — | +20.1% |
| Operating income | $49.96M | $15.92M | $99.15M | -$1.68M | $23.83M | — | +213.8% |
| Net interest income | -$15.64M | -$16.84M | -$4.89M | -$10.48M | -$11.49M | — | +7.1% |
| Pre-tax income | $67.34M | $33.89M | $87.58M | $25.84M | $24.84M | — | +98.7% |
| Tax provision | $13.39M | $4.56M | $16.49M | -$228.00K | $8.03M | — | +193.6% |
| Net income | $56.56M | $33.19M | $67.43M | $20.14M | $7.86M | — | +70.4% |
| Net income to common | $56.56M | $33.19M | $67.43M | $20.14M | $7.86M | — | +70.4% |
| Basic EPS | — | 0.98 | 1.98 | 0.59 | 0.23 | 0.01 | — |
| Diluted EPS | — | 0.97 | 1.97 | 0.59 | 0.23 | 0.01 | — |
| EBIT | $82.98M | $50.73M | $99.67M | $36.32M | $36.33M | — | +63.6% |
| EBITDA | $117.61M | $84.84M | $132.93M | $68.97M | $69.40M | — | +38.6% |
| Basic shares | 34.07M | 33.87M | 34.06M | 34.13M | 34.16M | — | +0.6% |
| Diluted shares | 34.28M | 34.21M | 34.23M | 34.13M | 34.16M | — | +0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $66.55M | $72.40M | $98.28M | $81.63M | $350.97M | -8.1% |
| Cash & short-term investments | $66.55M | $72.40M | $98.28M | $81.63M | $350.97M | -8.1% |
| Accounts receivable | $755.22M | $772.01M | $652.47M | $715.76M | $783.89M | -2.2% |
| Inventory | $961.00M | $1.40B | $1.37B | $899.28M | $771.87M | -31.3% |
| Total current assets | $2.08B | $2.56B | $2.38B | $1.96B | $2.18B | -18.6% |
| Property, plant & equipment | $979.62M | $961.40M | $1.05B | $905.76M | $883.99M | +1.9% |
| Goodwill & intangibles | — | — | $191.37M | — | — | — |
| Total assets | $3.47B | $3.92B | $3.71B | $3.30B | $3.45B | -11.4% |
| Total current liabilities | $1.38B | $1.87B | $1.69B | $1.33B | $1.08B | -26.3% |
| Current debt | $337.28M | $739.99M | $312.80M | $205.24M | $168.68M | -54.4% |
| Long-term debt | $563.48M | $569.06M | $560.02M | $569.05M | $578.46M | -1.0% |
| Total debt | $900.76M | $1.31B | $944.36M | $774.30M | $747.14M | -31.2% |
| Total liabilities | $2.12B | $2.61B | $2.42B | $2.07B | $1.84B | -18.9% |
| Retained earnings | $1.11B | $1.07B | $1.04B | $978.72M | $965.28M | +4.7% |
| Shareholder equity | $1.32B | $1.27B | $1.24B | $1.18B | $1.36B | +4.0% |
| Working capital | $702.70M | $686.48M | $690.01M | $630.69M | $1.09B | +2.4% |
| Net tangible assets | $1.32B | $1.27B | $1.05B | $1.18B | $1.36B | +4.0% |
| Shares issued | 34.02M | 34.21M | 34.21M | 34.21M | 34.21M | -0.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $53.95M | $29.33M | $71.09M | $26.07M | $16.81M | +83.9% |
| Depreciation & amortisation | $34.63M | $34.11M | $33.27M | $32.65M | $33.07M | +1.5% |
| Change in working capital | $374.97M | -$461.82M | -$116.04M | $165.42M | $256.44M | +181.2% |
| Operating cash flow | $487.92M | -$393.68M | -$6.18M | $233.88M | $299.32M | +223.9% |
| Capital expenditure | -$75.57M | -$51.71M | -$70.91M | -$66.83M | -$48.83M | -46.1% |
| Investing cash flow | -$73.79M | -$49.46M | -$68.02M | -$51.59M | -$31.88M | -49.2% |
| Share buybacks | — | — | $0 | -$14.18M | — | — |
| Dividends paid | -$6.79M | -$6.85M | -$6.95M | -$6.53M | -$6.67M | +0.8% |
| Financing cash flow | -$420.01M | $417.78M | $90.83M | -$450.97M | -$137.45M | -200.5% |
| Free cash flow | $412.35M | -$445.39M | -$77.10M | $167.05M | $250.49M | +192.6% |
| End cash position | $66.55M | $72.40M | $98.28M | $81.63M | $350.97M | -8.1% |
Options analytics
Put / call volume
0.13
Call-heavy session
Put / call open interest
0.62
Positioning, not flow
Max pain
65.00
-2.4% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
31
Contracts, this expiry
Put volume
4
Contracts, this expiry
Heaviest call OI
70.00
58 contracts
Heaviest put OI
60.00
46 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.48 | 2.15 | +44.9% |
| Mar 2026 | 0.70 | 1.12 | +60.0% |
| Dec 2025 | 1.56 | 2.04 | +31.1% |
| Sep 2025 | 0.46 | 0.84 | +82.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.07 | 3 | $2.90B | +8.1% |
| Next quarter | 1.78 | 3 | $3.01B | +18.5% |
| Current year | 6.11 | 3 | $11.63B | +5.6% |
| Next year | 6.38 | 3 | $11.90B | +2.4% |
Analyst targets & ownership
Mean target$88.33
High target$90.00
Low target$85.00
Implied upside32.62%
Analyst count3
ConsensusNONE
Strong buy / Buy0 / 3
Hold0
Sell / Strong sell0 / 0
Held by insiders4.02%
Held by institutions93.96%
Institutions holding421
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
66.62
-0.03% from price
SMA 20
68.59
-2.89% from price
SMA 50
68.20
-2.33% from price
SMA 100
70.21
-5.13% from price
SMA 200
68.25
-2.40% from price
EMA 12
67.17
-0.84% from price
EMA 26
67.89
-1.90% from price
EMA 50
68.67
-3.00% from price
RSI (14)
44.3
Neutral
MACD (12,26,9)
-0.73
Hist -0.18
ATR (14)
1.98
2.97% of price
Realised vol 30D
28.9%
Annualised
Bollinger upper
73.23
20, 2σ
Bollinger lower
63.96
20, 2σ
50 / 200 cross
Death
68.20 vs 68.25
Trend bias
Below 200
-2.40%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.01
Less volatile than market
Correlation to SPY
-0.00
Largely independent
Realised vol 30D
28.9%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-21.2%
Peak to trough
Max drawdown 5Y
-49.1%
Peak to trough
ATR 14
1.98
2.97% of price
Beta (reported)
0.66
5Y monthly, from filing
Short interest
Shares short
1.37M
Prior 958.48K
Change vs prior
+42.8%
Shorts adding
% of float
5.88%
Normal
% of shares out
4.03%
Against total outstanding
Days to cover
3.5
Liquid
Float
32.21M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 5, 26 | BMO Capital | MAINTAINED | Outperform | Outperform |
| May 7, 26 | Benchmark | MAINTAINED | Buy | Buy |
| Feb 19, 26 | BMO Capital | MAINTAINED | Outperform | Outperform |
| Feb 5, 26 | Benchmark | INITIATED | — | Buy |
| Dec 10, 25 | BMO Capital | UPGRADE | Market Perform | Outperform |
| Nov 6, 25 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
| May 8, 25 | Lake Street | MAINTAINED | Buy | Buy |
| May 6, 25 | BMO Capital | INITIATED | — | Market Perform |
| Feb 19, 25 | Stephens & Co. | MAINTAINED | Overweight | Overweight |
| Jan 2, 25 | Stephens & Co. | MAINTAINED | Overweight | Overweight |
| Feb 6, 24 | Roth Capital | MAINTAINED | — | Buy |
| Aug 3, 23 | Roth MKM | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate$0.80 / yr
Forward yield1.20%
5-year avg yield1.58%
Payout ratio15.35%
Ex-dividend dateOct 1, 2026
Next pay dateOct 22, 2026
Last split3:2
Split dateFeb 19, 2014
SEC filings
Periodic Financial Reports
10-Q · 2026-08-04
Corporate Changes & Voting Matters
8-K · 2026-08-03
Corporate Changes & Voting Matters
8-K · 2026-06-18
Annual report of employee stock purchase
11-K · 2026-06-03
Corporate Changes & Voting Matters
8-K · 2026-05-07
Periodic Financial Reports
10-Q · 2026-05-06
Corporate Changes & Voting Matters
8-K · 2026-05-05
Annual Report to Shareholders
ARS · 2026-03-27
Headlines
Andersons Inc's Dividend Analysis
GuruFocus.com · 6d ago
REX’s Record 2Q EPS, CCS Project Advances – Quarterly Update Report
Exec Edge · 33d ago
A Record Renewables Quarter Powers The Andersons (ANDE) Higher
Insider Monkey · 34d ago
The Andersons, Inc. Declares Cash Dividend for Fourth Quarter 2026
PR Newswire · 48d ago
The Andersons, Inc. Declares Cash Dividend for Fourth Quarter 2026
CNW Group · 48d ago
Andersons (ANDE) Q2 2026 Earnings Call Transcript
Motley Fool · 57d ago
The Bull Case For Andersons (ANDE) Could Change Following Surging Q2 Renewables And Fertilizer Earnings
Simply Wall St. · 62d ago
Andersons (ANDE) Q2 Earnings Beat Puts Fair Value Back In Focus
Simply Wall St. · 63d ago
PRIVATE STRATEGY · BY QUALIFICATION
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