Northern Trust Corp Reduces Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Northern Trust Corp lessened its stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 16.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 844,811 shares of the specialty chemicals company's stock after selling 171,449 shares during the period. Northern Trust Corp owned 1.31% of Green Plains worth $8,009,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Green Plains by 92.0% in the 4th quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company's stock worth $9,671,000 after buying an additional 488,870 shares during the period. Principal Financial Group Inc. lifted its position in shares of Green Plains by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company's stock worth $2,971,000 after purchasing an additional 8,750 shares during the period. Amundi lifted its position in shares of Green Plains by 50.5% in the 4th quarter. Amundi now owns 87,231 shares of the specialty chemicals company's stock worth $872,000 after purchasing an additional 29,262 shares during the period. Barclays PLC boosted its stake in shares of Green Plains by 71.5% during the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company's stock valued at $1,935,000 after purchasing an additional 59,564 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Green Plains by 49.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 73,292 shares of the specialty chemicals company's stock valued at $695,000 after purchasing an additional 24,290 shares in the last quarter.

Green Plains Stock Down 5.0%

NASDAQ:GPRE traded down $0.22 during mid-day trading on Friday, hitting $4.21. 1,139,357 shares of the company's stock traded hands, compared to its average volume of 1,408,755. The company has a fifty day moving average of $4.25 and a 200 day moving average of $7.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. Green Plains Inc. has a twelve month low of $3.14 and a twelve month high of $18.68. The company has a market capitalization of $275.33 million, a P/E ratio of -3.10 and a beta of 1.19.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.37). The company had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. The business's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.81) EPS. On average, analysts forecast that Green Plains Inc. will post -0.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GPRE. Wall Street Zen lowered Green Plains from a "hold" rating to a "sell" rating in a report on Monday, February 10th. Truist Financial restated a "buy" rating and set a $12.00 price objective (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. BMO Capital Markets cut their target price on Green Plains from $8.00 to $7.00 and set a "market perform" rating on the stock in a research note on Monday, May 12th. UBS Group downgraded shares of Green Plains from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $20.50 to $7.00 in a report on Tuesday, March 4th. Finally, Jefferies Financial Group cut shares of Green Plains from a "buy" rating to a "hold" rating and lowered their price target for the company from $14.00 to $6.00 in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $11.93.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.