Boston Partners Sells 125,629 Shares of OPAL Fuels Inc. $OPAL

Key Points

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Boston Partners lessened its holdings in OPAL Fuels Inc. (NASDAQ:OPAL - Free Report) by 86.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,969 shares of the company's stock after selling 125,629 shares during the period. Boston Partners' holdings in OPAL Fuels were worth $35,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OPAL. Squarepoint Ops LLC boosted its stake in shares of OPAL Fuels by 20.2% in the 4th quarter. Squarepoint Ops LLC now owns 31,983 shares of the company's stock worth $108,000 after buying an additional 5,377 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of OPAL Fuels in the 4th quarter worth approximately $238,000. Marshall Wace LLP purchased a new position in shares of OPAL Fuels in the 4th quarter worth approximately $389,000. Ardsley Advisory Partners LP boosted its stake in shares of OPAL Fuels by 20.0% in the 4th quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company's stock worth $508,000 after buying an additional 25,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of OPAL Fuels by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 262,876 shares of the company's stock worth $891,000 after buying an additional 5,327 shares during the last quarter. Hedge funds and other institutional investors own 12.16% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OPAL. UBS Group downgraded OPAL Fuels from a "strong-buy" rating to a "hold" rating and cut their target price for the stock from $3.50 to $2.75 in a research note on Wednesday, July 23rd. Johnson Rice downgraded OPAL Fuels from a "strong-buy" rating to a "hold" rating and dropped their price objective for the company from $4.00 to $3.00 in a research note on Tuesday, July 22nd. The Goldman Sachs Group upped their price objective on OPAL Fuels from $1.75 to $2.00 and gave the company a "sell" rating in a research note on Monday, May 12th. Finally, Wall Street Zen downgraded OPAL Fuels from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 16th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, OPAL Fuels has a consensus rating of "Reduce" and an average price target of $2.81.

Insiders Place Their Bets

In other OPAL Fuels news, Director Nadeem Nisar bought 10,000 shares of the stock in a transaction on Friday, June 13th. The shares were acquired at an average price of $3.17 per share, with a total value of $31,700.00. Following the acquisition, the director directly owned 141,712 shares of the company's stock, valued at $449,227.04. The trade was a 7.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Comora bought 18,256 shares of the stock in a transaction on Monday, August 18th. The shares were acquired at an average cost of $2.32 per share, for a total transaction of $42,353.92. Following the acquisition, the chief executive officer directly owned 254,517 shares in the company, valued at approximately $590,479.44. This trade represents a 7.73% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 58,100 shares of company stock worth $148,963 in the last three months. Insiders own 84.43% of the company's stock.

OPAL Fuels Stock Performance

OPAL stock traded up $0.01 during midday trading on Friday, reaching $2.29. 168,543 shares of the company's stock traded hands, compared to its average volume of 121,795. The company has a 50-day moving average price of $2.53 and a two-hundred day moving average price of $2.38. The company has a debt-to-equity ratio of 5.06, a quick ratio of 1.12 and a current ratio of 1.26. OPAL Fuels Inc. has a 52 week low of $1.26 and a 52 week high of $4.11. The firm has a market capitalization of $397.09 million, a PE ratio of 38.17 and a beta of 1.08.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.10). OPAL Fuels had a negative net margin of 0.74% and a negative return on equity of 1.84%. The business had revenue of $80.46 million for the quarter, compared to the consensus estimate of $88.75 million. As a group, equities analysts anticipate that OPAL Fuels Inc. will post 0.8 EPS for the current year.

About OPAL Fuels

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.