Bowling Portfolio Management LLC bought a new position in Renewable Energy Group Inc (NASDAQ:REGI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 71,596 shares of the oil and gas company’s stock, valued at approximately $2,062,000. Bowling Portfolio Management LLC owned approximately 0.19% of Renewable Energy Group at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of REGI. BlackRock Inc. lifted its holdings in shares of Renewable Energy Group by 64.0% in the 2nd quarter. BlackRock Inc. now owns 5,251,969 shares of the oil and gas company’s stock worth $93,749,000 after purchasing an additional 2,049,773 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Renewable Energy Group by 5,021.0% in the 1st quarter. Millennium Management LLC now owns 695,642 shares of the oil and gas company’s stock worth $8,904,000 after purchasing an additional 682,058 shares during the last quarter. ClariVest Asset Management LLC lifted its holdings in shares of Renewable Energy Group by 2,572.3% in the 2nd quarter. ClariVest Asset Management LLC now owns 362,117 shares of the oil and gas company’s stock worth $6,465,000 after purchasing an additional 348,566 shares during the last quarter. Luzich Partners LLC bought a new stake in Renewable Energy Group during the 2nd quarter valued at $5,355,000. Finally, Bank of New York Mellon Corp raised its stake in Renewable Energy Group by 104.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 452,633 shares of the oil and gas company’s stock valued at $8,079,000 after acquiring an additional 230,703 shares in the last quarter.
Shares of REGI traded up $0.71 during midday trading on Friday, reaching $25.71. The stock had a trading volume of 458,996 shares, compared to its average volume of 1,149,958. Renewable Energy Group Inc has a 52 week low of $9.50 and a 52 week high of $32.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 1.56. The company has a market capitalization of $928.84 million, a PE ratio of -12.60 and a beta of 1.21.
Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. Renewable Energy Group had a return on equity of 34.52% and a net margin of 10.21%. The company had revenue of $597.75 million for the quarter, compared to the consensus estimate of $594.60 million. On average, equities research analysts forecast that Renewable Energy Group Inc will post 1.61 EPS for the current fiscal year.
Several analysts have weighed in on REGI shares. BidaskClub downgraded Renewable Energy Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Canaccord Genuity lifted their target price on Renewable Energy Group from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Roth Capital set a $25.00 target price on Renewable Energy Group and gave the company a “buy” rating in a research note on Tuesday, August 7th. Finally, Zacks Investment Research raised Renewable Energy Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Saturday, August 11th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $29.67.
In related news, VP Eric Bowen sold 6,769 shares of Renewable Energy Group stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $27.11, for a total value of $183,507.59. Following the transaction, the vice president now directly owns 104,452 shares in the company, valued at approximately $2,831,693.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.97% of the company’s stock.
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About Renewable Energy Group
Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.
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