Deutsche Bank AG Invests $1.41 Million in REX American Resources Corporation $REX

Key Points

• Deutsche Bank acquired a new 31,124-share stake in REX American Resources during the second quarter, valued at approximately $1.41 million. Institutional investors collectively own 88.12% of the company.
• REX reported quarterly EPS of $0.56, beating the $0.14 consensus estimate, while revenue of $156.5 million fell short of expectations. The stock opened at $41.40, with a 52-week range of $30.02 to $53.36.
• MarketBeat lists REX with a consensus “Buy” rating, although Weiss Ratings recently downgraded it from “buy (b)” to “buy (b-).” Company insiders have sold 105,086 shares worth about $4.64 million over the past 90 days.

Deutsche Bank AG acquired a new stake in shares of REX American Resources Corporation (NYSE:REX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,124 shares of the energy company's stock, valued at approximately $1,405,000. Deutsche Bank AG owned 0.09% of REX American Resources as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of REX American Resources by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company's stock worth $3,619,000 after purchasing an additional 21,781 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in REX American Resources by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company's stock valued at $344,000 after buying an additional 390 shares during the last quarter. Empowered Funds LLC raised its position in REX American Resources by 4.1% in the first quarter. Empowered Funds LLC now owns 78,667 shares of the energy company's stock worth $2,956,000 after acquiring an additional 3,128 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of REX American Resources by 74.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company's stock worth $3,090,000 after acquiring an additional 35,209 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of REX American Resources by 55.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 95,608 shares of the energy company's stock worth $4,657,000 after acquiring an additional 34,030 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Stock Performance

NYSE REX opened at $41.40 on Friday. The company has a market capitalization of $1.36 billion, a P/E ratio of 14.76 and a beta of 0.64. REX American Resources Corporation has a one year low of $30.02 and a one year high of $53.36. The stock has a 50 day moving average price of $44.47 and a 200-day moving average price of $43.51.

REX American Resources (NYSE:REX - Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.42. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%. The company had revenue of $156.50 million for the quarter, compared to the consensus estimate of $167.23 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut REX American Resources from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

Insider Buying and Selling at REX American Resources

In other news, insider Stuart A. Rose sold 15,186 shares of the firm's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $43.64, for a total value of $662,717.04. Following the completion of the sale, the insider owned 573,094 shares in the company, valued at approximately $25,009,822.16. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas Bruggeman sold 5,086 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total transaction of $247,840.78. Following the transaction, the chief financial officer owned 254,084 shares in the company, valued at $12,381,513.32. The trade was a 1.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 105,086 shares of company stock worth $4,643,829 in the last 90 days. 13.21% of the stock is currently owned by insiders.

About REX American Resources

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.

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