Deutsche Bank AG Makes New Investment in Green Plains, Inc. $GPRE

Key Points

• Deutsche Bank acquired 272,640 shares of Green Plains in the second quarter, valued at approximately $4.2 million and representing about 0.39% of the company. Several other institutional investors also increased their positions.
• Green Plains reported quarterly EPS of $0.83, beating the $0.54 consensus estimate, though revenue of $446.2 million fell short of expectations. Analysts forecast full-year EPS of approximately $2.04.
• GPRE shares opened at $14.65, while analysts maintained a mixed outlook: the stock has an average “Hold” rating and a consensus price target of $15.43.

Deutsche Bank AG bought a new stake in Green Plains, Inc. (NASDAQ:GPRE - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 272,640 shares of the specialty chemicals company's stock, valued at approximately $4,193,000. Deutsche Bank AG owned about 0.39% of Green Plains as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Green Plains by 62.5% during the 1st quarter. AQR Capital Management LLC now owns 152,731 shares of the specialty chemicals company's stock worth $741,000 after purchasing an additional 58,767 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Green Plains by 69.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 559,216 shares of the specialty chemicals company's stock worth $2,712,000 after buying an additional 229,353 shares in the last quarter. Creative Planning boosted its stake in Green Plains by 6.9% during the second quarter. Creative Planning now owns 42,977 shares of the specialty chemicals company's stock worth $259,000 after buying an additional 2,759 shares during the last quarter. Rhumbline Advisers grew its holdings in Green Plains by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 100,159 shares of the specialty chemicals company's stock valued at $604,000 after buying an additional 1,246 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Green Plains in the 2nd quarter worth $297,000.

Green Plains Stock Performance

Shares of GPRE opened at $14.65 on Wednesday. Green Plains, Inc. has a 1 year low of $8.65 and a 1 year high of $19.65. The stock has a market capitalization of $1.03 billion, a PE ratio of 9.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.99. The stock has a 50-day simple moving average of $16.04 and a 200-day simple moving average of $15.73.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets reissued a "market perform" rating on shares of Green Plains in a report on Friday, August 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Green Plains in a report on Friday, July 17th. Oppenheimer reissued an "outperform" rating and issued a $20.00 price target on shares of Green Plains in a research note on Friday, May 8th. Stephens lifted their price target on shares of Green Plains from $18.00 to $20.00 and gave the company an "overweight" rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded Green Plains from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Three equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $15.43.

Green Plains Company 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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