Vertex, Inc. $VERX is Hyperion Capital Advisors LP’s 5th Largest Position

Hyperion Capital Advisors LP grew its position in shares of Vertex, Inc. (NASDAQ:VERX) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 650,000 shares of the company’s stock after purchasing an additional 110,000 shares during the period. Vertex makes up approximately 6.4% of Hyperion Capital Advisors LP’s investment portfolio, making the stock its 5th biggest position. Hyperion Capital Advisors LP owned 0.41% of Vertex worth $12,980,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Vertex by 9.0% during the third quarter. Vanguard Group Inc. now owns 8,387,126 shares of the company’s stock valued at $207,917,000 after purchasing an additional 689,143 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Vertex by 9.2% during the 3rd quarter. Wasatch Advisors LP now owns 2,728,504 shares of the company’s stock valued at $67,640,000 after buying an additional 229,774 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Vertex by 76.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,161,501 shares of the company’s stock valued at $53,584,000 after buying an additional 937,905 shares in the last quarter. Champlain Investment Partners LLC raised its position in shares of Vertex by 19.9% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,049,490 shares of the company’s stock valued at $50,807,000 after buying an additional 340,680 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Vertex by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 1,792,864 shares of the company’s stock valued at $35,810,000 after buying an additional 93,184 shares in the last quarter. Hedge funds and other institutional investors own 70.32% of the company’s stock.

Vertex Stock Performance

Shares of NASDAQ:VERX opened at $12.28 on Friday. The firm has a market cap of $1.99 billion, a PE ratio of -245.60 and a beta of 0.82. The firm’s 50 day simple moving average is $12.74 and its 200-day simple moving average is $15.43. Vertex, Inc. has a one year low of $10.59 and a one year high of $37.76. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.86.

Vertex (NASDAQ:VERX) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Vertex had a negative net margin of 0.84% and a positive return on equity of 26.04%. The company had revenue of $196.65 million during the quarter, compared to analyst estimates of $194.82 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts predict that Vertex, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

VERX has been the topic of several recent research reports. Morgan Stanley restated an “overweight” rating and set a $19.00 target price on shares of Vertex in a research report on Friday, May 8th. Citigroup upped their target price on shares of Vertex from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Piper Sandler upped their target price on shares of Vertex from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen cut shares of Vertex from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 price target on shares of Vertex in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Vertex has an average rating of “Hold” and an average price target of $20.93.

Vertex 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.