Northern Trust Corp lifted its holdings in Renewable Energy Group, Inc. (NASDAQ:REGI) by 82.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 810,886 shares of the oil and gas company’s stock after purchasing an additional 366,009 shares during the quarter. Northern Trust Corp owned about 2.10% of Renewable Energy Group worth $10,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Renewable Energy Group by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 1,770,696 shares of the oil and gas company’s stock valued at $18,504,000 after purchasing an additional 16,460 shares during the period. Thomson Horstmann & Bryant Inc. grew its position in shares of Renewable Energy Group by 41.2% in the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 615,956 shares of the oil and gas company’s stock valued at $7,976,000 after purchasing an additional 179,714 shares during the period. Bank of America Corp DE grew its position in shares of Renewable Energy Group by 30.7% in the 1st quarter. Bank of America Corp DE now owns 582,061 shares of the oil and gas company’s stock valued at $6,083,000 after purchasing an additional 136,620 shares during the period. California Public Employees Retirement System grew its position in shares of Renewable Energy Group by 3.1% in the 1st quarter. California Public Employees Retirement System now owns 462,867 shares of the oil and gas company’s stock valued at $4,837,000 after purchasing an additional 14,000 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Renewable Energy Group by 61.7% in the 2nd quarter. Acadian Asset Management LLC now owns 410,024 shares of the oil and gas company’s stock valued at $5,311,000 after purchasing an additional 156,520 shares during the period.

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Shares of Renewable Energy Group, Inc. (REGI) opened at $11.55 on Monday. The company has a market capitalization of $446.86, a P/E ratio of 12.69 and a beta of 1.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.91 and a quick ratio of 1.23. Renewable Energy Group, Inc. has a 12 month low of $8.10 and a 12 month high of $13.55.

Renewable Energy Group (NASDAQ:REGI) last released its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.13). The firm had revenue of $535.10 million during the quarter, compared to the consensus estimate of $531.88 million. Renewable Energy Group had a negative net margin of 0.36% and a positive return on equity of 6.20%. The company’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. equities research analysts expect that Renewable Energy Group, Inc. will post -1.76 earnings per share for the current fiscal year.

Several brokerages recently issued reports on REGI. Piper Jaffray Companies reiterated a “hold” rating and issued a $13.00 price objective on shares of Renewable Energy Group in a research report on Friday. Zacks Investment Research lowered Renewable Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. BidaskClub upgraded Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Roth Capital set a $17.00 target price on Renewable Energy Group and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine cut Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.33.

Renewable Energy Group Profile

Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.

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Institutional Ownership by Quarter for Renewable Energy Group (NASDAQ:REGI)

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