AJO LP raised its holdings in shares of Renewable Energy Group Inc (NASDAQ:REGI) by 10.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,388 shares of the oil and gas company’s stock after purchasing an additional 21,184 shares during the quarter. AJO LP owned approximately 0.58% of Renewable Energy Group worth $4,730,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. IFP Advisors Inc grew its position in Renewable Energy Group by 193.9% during the fourth quarter. IFP Advisors Inc now owns 1,061 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 700 shares during the last quarter. Pearl River Capital LLC purchased a new stake in shares of Renewable Energy Group during the fourth quarter valued at approximately $38,000. Royce & Associates LP purchased a new stake in shares of Renewable Energy Group during the first quarter valued at approximately $38,000. Advisory Services Network LLC purchased a new stake in Renewable Energy Group in the fourth quarter worth $56,000. Finally, CoreCommodity Management LLC purchased a new stake in Renewable Energy Group in the fourth quarter worth $78,000.
A number of brokerages recently commented on REGI. Zacks Investment Research raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. BidaskClub raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, June 24th. ValuEngine lowered Renewable Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. BWS Financial initiated coverage on Renewable Energy Group in a research report on Wednesday, April 24th. They set a “buy” rating and a $31.00 price objective for the company. Finally, TheStreet lowered Renewable Energy Group from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $28.40.
Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported ($1.11) EPS for the quarter, missing the consensus estimate of ($0.70) by ($0.41). The business had revenue of $478.21 million during the quarter, compared to the consensus estimate of $480.79 million. Renewable Energy Group had a return on equity of 6.23% and a net margin of 1.52%. On average, equities analysts predict that Renewable Energy Group Inc will post 0.09 EPS for the current year.
In other Renewable Energy Group news, Director Peter John Martin Harding purchased 2,500 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of $16.72 per share, with a total value of $41,800.00. Following the acquisition, the director now owns 108,654 shares in the company, valued at $1,816,694.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael M. Scharf sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $15.81, for a total value of $158,100.00. Following the completion of the transaction, the director now directly owns 47,064 shares in the company, valued at $744,081.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,354 shares of company stock valued at $675,434. Corporate insiders own 3.01% of the company’s stock.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.
See Also: What Does Beta Mean In Stock Selection
Receive News & Ratings for Renewable Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewable Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.