Renewable Energy Group Inc (REGI) Holdings Boosted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in Renewable Energy Group Inc (NASDAQ:REGI) by 8.7% during the 3rd quarter, Holdings Channel reports. The firm owned 361,421 shares of the oil and gas company’s stock after acquiring an additional 28,780 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Renewable Energy Group were worth $4,392,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Federated Investors Inc. PA boosted its holdings in Renewable Energy Group by 17.8% in the 2nd quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock valued at $143,000 after purchasing an additional 1,668 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Renewable Energy Group by 12.1% in the 2nd quarter. Voya Investment Management LLC now owns 22,206 shares of the oil and gas company’s stock valued at $288,000 after purchasing an additional 2,390 shares during the last quarter. First Trust Advisors LP boosted its holdings in Renewable Energy Group by 16.7% in the 2nd quarter. First Trust Advisors LP now owns 40,086 shares of the oil and gas company’s stock valued at $519,000 after purchasing an additional 5,725 shares during the last quarter. Swiss National Bank boosted its holdings in Renewable Energy Group by 13.6% in the 2nd quarter. Swiss National Bank now owns 57,800 shares of the oil and gas company’s stock valued at $749,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in Renewable Energy Group by 13.5% in the 3rd quarter. Aperio Group LLC now owns 68,255 shares of the oil and gas company’s stock valued at $829,000 after purchasing an additional 8,121 shares during the last quarter.

In related news, Director Peter John Martin Harding purchased 5,000 shares of Renewable Energy Group stock in a transaction dated Friday, December 15th. The shares were acquired at an average cost of $11.14 per share, with a total value of $55,700.00. Following the purchase, the director now owns 64,136 shares of the company’s stock, valued at $714,475.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.54% of the stock is currently owned by insiders.

Several equities analysts have weighed in on the stock. BidaskClub upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of Renewable Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $13.00 price target on shares of Renewable Energy Group in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.33.

Shares of Renewable Energy Group Inc (NASDAQ REGI) opened at $11.00 on Thursday. The stock has a market cap of $429.10, a P/E ratio of -10.09, a PEG ratio of 0.39 and a beta of 1.48. Renewable Energy Group Inc has a 52 week low of $8.25 and a 52 week high of $13.55. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings results 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 business had revenue of $627.00 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.59 EPS. sell-side analysts anticipate that Renewable Energy Group Inc will post -1.63 earnings per share for the current fiscal year.

Renewable Energy Group announced that its Board of Directors has authorized a stock repurchase program on Thursday, December 14th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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Renewable Energy Group Company 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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