NorthCrest Asset Manangement LLC acquired a new stake in Renewable Energy Group, Inc. (NASDAQ:REGI – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,700 shares of the oil and gas company’s stock, valued at approximately $224,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Retirement Group LLC bought a new position in shares of Renewable Energy Group in the 4th quarter valued at about $28,000. City State Bank bought a new stake in shares of Renewable Energy Group during the 4th quarter worth about $63,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Renewable Energy Group by 433.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the oil and gas company’s stock worth $44,000 after buying an additional 845 shares during the period. CWM LLC bought a new stake in shares of Renewable Energy Group during the 4th quarter worth about $54,000. Finally, Reilly Financial Advisors LLC boosted its holdings in shares of Renewable Energy Group by 21.2% during the 4th quarter. Reilly Financial Advisors LLC now owns 2,021 shares of the oil and gas company’s stock worth $86,000 after buying an additional 353 shares during the period. 90.80% of the stock is owned by institutional investors.
Several analysts recently commented on REGI shares. Cowen downgraded shares of Renewable Energy Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $75.00 to $61.50 in a report on Thursday, March 10th. StockNews.com started coverage on shares of Renewable Energy Group in a report on Saturday, June 25th. They set a “sell” rating for the company. Citigroup reduced their target price on shares of Renewable Energy Group from $75.00 to $61.50 and set a “neutral” rating for the company in a report on Thursday, March 3rd. Raymond James reaffirmed a “market perform” rating on shares of Renewable Energy Group in a report on Friday, March 4th. Finally, Truist Financial downgraded shares of Renewable Energy Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Renewable Energy Group presently has an average rating of “Hold” and a consensus price target of $67.73.
NASDAQ REGI opened at $61.50 on Thursday. The firm has a 50-day moving average price of $61.30 and a two-hundred day moving average price of $53.48. The company has a market capitalization of $3.09 billion, a P/E ratio of 16.49 and a beta of 0.57. The company has a quick ratio of 3.35, a current ratio of 5.14 and a debt-to-equity ratio of 0.31. Renewable Energy Group, Inc. has a 12-month low of $32.54 and a 12-month high of $70.79.
Renewable Energy Group (NASDAQ:REGI – Get Rating) last issued its earnings results on Wednesday, May 4th. The oil and gas company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.61). The firm had revenue of $936.00 million during the quarter, compared to analyst estimates of $722.57 million. Renewable Energy Group had a net margin of 5.12% and a return on equity of 11.00%. Renewable Energy Group’s quarterly revenue was up 73.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Equities analysts expect that Renewable Energy Group, Inc. will post 3.75 EPS for the current year.
About Renewable Energy Group (Get Rating)
Renewable Energy Group, Inc provides lower carbon transportation fuels in the United States and internationally. The company utilizes a production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Bio-Based Diesel, Services, and Corporate and Other segments.
Further Reading
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