BlackRock Inc. purchased a new stake in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 10,188,770 shares of the specialty chemicals company's stock, valued at approximately $156,703,000. BlackRock Inc. owned approximately 14.53% of Green Plains at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Green Plains by 15.9% in the 4th quarter. Vanguard Group Inc. now owns 4,696,401 shares of the specialty chemicals company's stock worth $46,025,000 after purchasing an additional 645,170 shares during the last quarter. State Street Corp raised its position in shares of Green Plains by 3.4% during the 4th quarter. State Street Corp now owns 2,629,815 shares of the specialty chemicals company's stock valued at $25,772,000 after acquiring an additional 85,982 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Green Plains by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,187,541 shares of the specialty chemicals company's stock worth $21,438,000 after purchasing an additional 10,237 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Green Plains by 112.6% during the fourth quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company's stock worth $17,873,000 after purchasing an additional 966,069 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Green Plains by 73.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,686,251 shares of the specialty chemicals company's stock worth $16,525,000 after purchasing an additional 712,337 shares during the period.
Green Plains Price Performance
Shares of GPRE opened at $14.66 on Friday. The firm has a market cap of $1.03 billion, a PE ratio of 9.22 and a beta of 1.17. The firm's 50 day moving average price is $16.03 and its 200 day moving average price is $15.74. Green Plains, Inc. has a twelve month low of $8.65 and a twelve month high of $19.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.99.
Green Plains (NASDAQ:GPRE - Get Free Report) last released its earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.29. The firm had revenue of $446.22 million during the quarter, compared to analyst estimates of $542.38 million. Green Plains had a net margin of 6.78% and a return on equity of 14.52%. During the same quarter in the previous year, the business earned ($1.09) EPS. As a group, research analysts expect that Green Plains, Inc. will post 2.04 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Green Plains from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Green Plains from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. UBS Group restated a "neutral" rating on shares of Green Plains in a research note on Tuesday. Stephens upped their price objective on shares of Green Plains from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Green Plains in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $15.43.
Check Out Our Latest Research Report on Green Plains
Green Plains Profile
(
Free Report)
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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