Campbell & CO Investment Adviser LLC Has $416,000 Stock Position in Vertex, Inc. $VERX

Campbell & CO Investment Adviser LLC lowered its holdings in shares of Vertex, Inc. (NASDAQ:VERX) by 65.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,799 shares of the company’s stock after selling 31,940 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Vertex were worth $416,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Vertex by 14.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 201,797 shares of the company’s stock worth $7,130,000 after buying an additional 25,812 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Vertex by 58.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 308,435 shares of the company’s stock worth $10,899,000 after acquiring an additional 114,384 shares during the last quarter. West Tower Group LLC acquired a new position in shares of Vertex in the second quarter worth approximately $459,000. EFG Asset Management North America Corp. lifted its stake in shares of Vertex by 97.3% in the second quarter. EFG Asset Management North America Corp. now owns 106,828 shares of the company’s stock worth $3,775,000 after acquiring an additional 52,695 shares during the period. Finally, Champlain Investment Partners LLC bought a new stake in Vertex in the second quarter valued at approximately $60,381,000. Institutional investors own 70.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on VERX. The Goldman Sachs Group set a $25.00 price target on shares of Vertex in a report on Wednesday, January 14th. Citigroup cut shares of Vertex from a “market outperform” rating to a “hold” rating in a research report on Tuesday, November 4th. UBS Group restated a “market outperform” rating on shares of Vertex in a report on Tuesday, November 4th. Jefferies Financial Group set a $28.00 price target on Vertex in a report on Monday, November 3rd. Finally, JMP Securities set a $37.00 price objective on Vertex in a research report on Tuesday, November 4th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vertex presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.40.

Vertex Stock Up 5.0%

Vertex stock opened at $19.60 on Friday. The company has a market capitalization of $3.13 billion, a PE ratio of -56.00, a PEG ratio of 2.84 and a beta of 0.60. Vertex, Inc. has a 12-month low of $18.47 and a 12-month high of $60.71. The firm’s fifty day moving average is $19.73 and its 200 day moving average is $24.38. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.27.

Vertex (NASDAQ:VERX) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Vertex had a negative net margin of 7.32% and a positive return on equity of 26.84%. The firm had revenue of $192.11 million during the quarter, compared to the consensus estimate of $191.62 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts predict that Vertex, Inc. will post 0.38 EPS for the current fiscal year.

Vertex declared that its Board of Directors has initiated a stock repurchase program on Monday, November 3rd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 4.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Vertex Company Profile

Vertex Energy, Inc (NASDAQ: VERX) is a specialty refiner and marketer of transportation fuels and petrochemical feedstocks in the United States. The company collects and processes a variety of waste petroleum products, including used motor oil and industrial lubricants, which it converts into ultra-low-sulfur diesel, asphalt, and other refined products. By leveraging proprietary re-refining technologies and strategic feedstock sourcing, Vertex Energy aims to deliver cost-effective, lower-carbon fuel solutions to wholesale and retail customers across the country.

Headquartered in Houston, Texas, Vertex operates a network of refining and blending facilities in key regions, including the Central, Northeast and Mid-Atlantic markets.