First Trust Advisors LP raised its holdings in shares of Renewable Energy Group Inc (NASDAQ:REGI) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,600 shares of the oil and gas company’s stock after purchasing an additional 11,456 shares during the period. First Trust Advisors LP owned approximately 0.28% of Renewable Energy Group worth $2,637,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in shares of 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 buying an additional 230,703 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Renewable Energy Group by 164.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 160,608 shares of the oil and gas company’s stock valued at $4,619,000 after buying an additional 99,859 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in shares of Renewable Energy Group during the 3rd quarter valued at $17,568,000. US Bancorp DE lifted its holdings in shares of Renewable Energy Group by 143.3% during the 3rd quarter. US Bancorp DE now owns 4,717 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 2,778 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Renewable Energy Group during the 3rd quarter valued at $1,322,000.
In related news, Director Delbert Christensen bought 1,750 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average cost of $23.01 per share, with a total value of $40,267.50. Following the acquisition, the director now owns 76,191 shares in the company, valued at $1,753,154.91. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter John Martin Harding bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average cost of $23.94 per share, for a total transaction of $119,700.00. Following the completion of the acquisition, the director now owns 100,526 shares in the company, valued at approximately $2,406,592.44. The disclosure for this purchase can be found here. 1.97% of the stock is currently owned by company insiders.
REGI has been the topic of several research analyst reports. BidaskClub cut Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 12th. Zacks Investment Research raised Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Two research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company. Renewable Energy Group has an average rating of “Hold” and a consensus price target of $29.67.
Shares of Renewable Energy Group stock opened at $23.24 on Friday. Renewable Energy Group Inc has a one year low of $11.70 and a one year high of $32.52. The firm has a market capitalization of $866.83 million, a P/E ratio of -11.39 and a beta of 0.95. The company has a current ratio of 1.58, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04.
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About Renewable Energy Group
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.
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