Sterling Capital Management LLC Buys New Holdings in Renewable Energy Group Inc (REGI)

Sterling Capital Management LLC bought a new position in Renewable Energy Group Inc (NASDAQ:REGI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 38,709 shares of the oil and gas company’s stock, valued at approximately $1,115,000. Sterling Capital Management LLC owned about 0.10% of Renewable Energy Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Rhumbline Advisers raised its holdings in shares of Renewable Energy Group by 119.5% during the second quarter. Rhumbline Advisers now owns 83,554 shares of the oil and gas company’s stock valued at $1,491,000 after purchasing an additional 45,489 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Renewable Energy Group by 64.0% during the second quarter. BlackRock Inc. now owns 5,251,969 shares of the oil and gas company’s stock valued at $93,749,000 after purchasing an additional 2,049,773 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Renewable Energy Group by 104.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 76,563 shares of the oil and gas company’s stock valued at $1,367,000 after purchasing an additional 39,068 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Renewable Energy Group by 8.6% during the second quarter. OppenheimerFunds Inc. now owns 1,495,056 shares of the oil and gas company’s stock valued at $26,687,000 after purchasing an additional 118,756 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Renewable Energy Group by 73.1% during the second quarter. Public Employees Retirement System of Ohio now owns 38,117 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 16,103 shares during the last quarter.

In other Renewable Energy Group news, VP Eric Bowen sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $27.45, for a total transaction of $549,000.00. Following the completion of the sale, the vice president now directly owns 84,241 shares of the company’s stock, valued at $2,312,415.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.97% of the stock is currently owned by corporate insiders.

REGI has been the subject of several research reports. Canaccord Genuity set a $31.00 price objective on shares of Renewable Energy Group and gave the company a “buy” rating in a report on Monday, October 15th. BidaskClub cut shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 3rd. Roth Capital set a $35.00 price objective on shares of Renewable Energy Group and gave the company a “buy” rating in a report on Wednesday, October 17th. Finally, Zacks Investment Research cut shares of Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Renewable Energy Group currently has an average rating of “Buy” and an average target price of $29.67.

REGI opened at $25.71 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.06. Renewable Energy Group Inc has a twelve month low of $9.50 and a twelve month high of $32.52. The company has a market cap of $928.84 million, a PE ratio of 4.04 and a beta of 1.21.

Renewable Energy Group (NASDAQ:REGI) last announced its earnings results on Tuesday, November 6th. The oil and gas company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. Renewable Energy Group had a net margin of 10.21% and a return on equity of 34.52%. The business had revenue of $597.75 million during the quarter, compared to analysts’ expectations of $594.60 million. As a group, research analysts predict that Renewable Energy Group Inc will post 1.61 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Renewable Energy Group (NASDAQ:REGI)

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