Towle & Co. reduced its stake in shares of Renewable Energy Group, Inc. (NASDAQ:REGI) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,775,363 shares of the oil and gas company’s stock after selling 39,540 shares during the period. Renewable Energy Group accounts for about 2.3% of Towle & Co.’s portfolio, making the stock its 25th largest holding. Towle & Co. owned approximately 4.59% of Renewable Energy Group worth $21,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in REGI. Bank of New York Mellon Corp increased its holdings in Renewable Energy Group by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 232,858 shares of the oil and gas company’s stock valued at $2,433,000 after buying an additional 4,516 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Renewable Energy Group during the 1st quarter worth approximately $601,000. Parametric Portfolio Associates LLC increased its stake in shares of Renewable Energy Group by 70.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 147,663 shares of the oil and gas company’s stock worth $1,543,000 after purchasing an additional 60,920 shares in the last quarter. Teachers Advisors LLC boosted its position in Renewable Energy Group by 47.8% during the first quarter. Teachers Advisors LLC now owns 232,137 shares of the oil and gas company’s stock worth $2,426,000 after acquiring an additional 75,065 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in Renewable Energy Group by 49.9% during the first quarter. TIAA CREF Investment Management LLC now owns 311,362 shares of the oil and gas company’s stock worth $3,254,000 after acquiring an additional 103,634 shares during the last quarter.

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Several research firms recently issued reports on REGI. Piper Jaffray Companies set a $13.00 price target on shares of Renewable Energy Group and gave the stock a “hold” rating in a research note on Saturday, July 22nd. BidaskClub lowered shares of Renewable Energy Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. ValuEngine downgraded shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Renewable Energy Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Roth Capital set a $17.00 target price on shares of Renewable Energy Group and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $15.33.

Shares of Renewable Energy Group, Inc. (REGI) traded down $0.15 during mid-day trading on Friday, hitting $11.35. 340,900 shares of the stock were exchanged, compared to its average volume of 350,565. Renewable Energy Group, Inc. has a 52 week low of $8.25 and a 52 week high of $13.55. The firm has a market cap of $439.12, a PE ratio of 378.33 and a beta of 1.50. The company has a current ratio of 1.91, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.11. The company had revenue of $627.00 million during the quarter, compared to analysts’ expectations of $513.88 million. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. research analysts forecast that Renewable Energy Group, Inc. will post -1.8 EPS for the current year.

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.

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

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