Insider Selling: Dennis Yakobson Sells 30,000 Shares of Rentech Stock (RTK)
Rentech (NYSE:RTK) Director Dennis Yakobson unloaded 30,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $1.79, for a total transaction of $53,700.00. Following the completion of the transaction, the director now directly owns 270,904 shares in the company, valued at approximately $484,918. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on RTK. Analysts at Zacks upgraded shares of Rentech from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 13th. They now have a $1.80 price target on the stock. Separately, analysts at Imperial Capital cut their price target on shares of Rentech from $2.70 to $2.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Finally, analysts at Feltl & Co. raised their price target on shares of Rentech from $68.00 to $85.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock.
Rentech (NYSE:RTK) traded up 2.82% during mid-day trading on Tuesday, hitting $1.82. The stock had a trading volume of 1,420,724 shares. Rentech has a one year low of $1.55 and a one year high of $3.18. The stock has a 50-day moving average of $1.73 and a 200-day moving average of $1.96. The company’s market cap is $412.8 million.
Rentech (NYSE:RTK) last announced its earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.01. The company had revenue of $115.80 million for the quarter, compared to the consensus estimate of $121.06 million. The company’s quarterly revenue was up 92.4% on a year-over-year basis. On average, analysts predict that Rentech will post $0.01 earnings per share for the current fiscal year.
Rentech, Inc (NYSE:RTK), is a provider of clean energy solutions.
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