Bank of New York Mellon Corp Makes New $3.58 Million Investment in Green Plains, Inc. $GPRE

Key Points

• Bank of New York Mellon acquired 232,793 Green Plains shares worth approximately $3.58 million, representing about 0.33% of the company. Several other institutional investors also initiated or increased positions.
• Analyst sentiment remains mixed, with Green Plains receiving an overall “Hold” consensus rating and an average price target of $15.43; ratings range from “strong sell” to “strong buy.”
• Green Plains reported quarterly EPS of $0.83, exceeding the $0.54 consensus estimate, although revenue of $446.22 million fell short of expectations. The stock opened at $15.45, near the consensus price target.

Bank of New York Mellon Corp bought a new position in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 232,793 shares of the specialty chemicals company's stock, valued at approximately $3,580,000. Bank of New York Mellon Corp owned approximately 0.33% of Green Plains as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. State of Wyoming acquired a new position in Green Plains during the second quarter worth approximately $163,000. Amundi lifted its stake in Green Plains by 32.8% in the first quarter. Amundi now owns 39,520 shares of the specialty chemicals company's stock valued at $650,000 after buying an additional 9,766 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Green Plains by 4.8% in the first quarter. Quantinno Capital Management LP now owns 52,798 shares of the specialty chemicals company's stock valued at $869,000 after acquiring an additional 2,426 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Green Plains in the first quarter valued at approximately $1,166,000. Finally, Bank of Nova Scotia purchased a new position in shares of Green Plains during the first quarter worth approximately $456,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group reaffirmed a "neutral" rating on shares of Green Plains in a report on Tuesday, August 25th. Zacks Research cut shares of Green Plains from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 6th. BMO Capital Markets reissued a "market perform" rating on shares of Green Plains in a research report on Friday, August 7th. Weiss Ratings restated a "sell (d-)" rating on shares of Green Plains in a research note on Friday, July 17th. Finally, Wall Street Zen raised shares of Green Plains from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Green Plains currently has an average rating of "Hold" and a consensus price target of $15.43.

Green Plains Stock Performance

Shares of GPRE stock opened at $15.45 on Monday. The company has a market capitalization of $1.08 billion, a P/E ratio of 9.72 and a beta of 1.16. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.45. The business's 50 day moving average is $16.04 and its two-hundred day moving average is $15.77. Green Plains, Inc. has a twelve month low of $8.65 and a twelve month high of $19.65.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.54 by $0.29. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.The business had revenue of $446.22 million during the quarter, compared to analysts' expectations of $542.38 million. During the same quarter in the prior year, the business earned ($1.09) earnings per share. Equities analysts forecast that Green Plains, Inc. will post 2.04 EPS for the current year.

Green Plains Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.

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