California Public Employees Retirement System reduced its position in Renewable Energy Group Inc (NASDAQ:REGI) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 476,267 shares of the company’s stock after selling 28,400 shares during the period. California Public Employees Retirement System owned approximately 1.23% of Renewable Energy Group worth $4,034,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in REGI. BlackRock Inc. increased its stake in Renewable Energy Group by 181.2% in the second quarter. BlackRock Inc. now owns 12,324 shares of the company’s stock worth $109,000 after buying an additional 7,942 shares during the last quarter. Bank of Montreal Can increased its stake in Renewable Energy Group by 1.4% in the third quarter. Bank of Montreal Can now owns 13,412 shares of the company’s stock worth $114,000 after buying an additional 182 shares during the last quarter. Deere & Co. acquired a new position in Renewable Energy Group during the second quarter worth $123,000. State Board of Administration of Florida Retirement System acquired a new position in Renewable Energy Group during the second quarter worth $129,000. Finally, Princeton Alpha Management LP acquired a new position in Renewable Energy Group during the second quarter worth $169,000.

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

Renewable Energy Group Inc (NASDAQ:REGI) traded down 0.52% on Tuesday, reaching $9.60. 694,112 shares of the company were exchanged. The firm’s market capitalization is $370.11 million. Renewable Energy Group Inc has a 12-month low of $6.01 and a 12-month high of $10.43. The stock has a 50 day moving average of $9.06 and a 200 day moving average of $8.94.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.06. The firm had revenue of $624.64 million for the quarter, compared to analyst estimates of $491.80 million. The firm’s quarterly revenue was up 58.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.36) earnings per share. Equities analysts anticipate that Renewable Energy Group Inc will post $1.17 EPS for the current year.

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A number of research analysts have recently weighed in on the stock. Piper Jaffray Cos. downgraded shares of Renewable Energy Group from an “overweight” rating to a “neutral” rating and cut their price target for the company from $12.00 to $9.00 in a report on Thursday, November 3rd. Zacks Investment Research downgraded shares of Renewable Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, November 5th. Finally, Canaccord Genuity restated a “hold” rating and set a $10.50 price target on shares of Renewable Energy Group in a report on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $9.83.

In other Renewable Energy Group news, Director Peter John Martin Harding acquired 5,000 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were acquired at an average price of $8.13 per share, with a total value of $40,650.00. Following the completion of the transaction, the director now directly owns 56,637 shares in the company, valued at approximately $460,458.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

About Renewable Energy Group

Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services while also providing conventional products and services. The Company is a producer of biomass-based diesel in the United States. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities.

5 Day Chart for NASDAQ:REGI

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