Green Plains, Inc. (GPRE) Shares Bought by Wells Fargo & Company MN
Wells Fargo & Company MN boosted its holdings in Green Plains, Inc. (NASDAQ:GPRE) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,393 shares of the specialty chemicals company’s stock after buying an additional 8,472 shares during the quarter. Wells Fargo & Company MN owned approximately 0.50% of Green Plains worth $4,138,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in shares of Green Plains by 7.2% during the first quarter. Envestnet Asset Management Inc. now owns 4,022 shares of the specialty chemicals company’s stock valued at $100,000 after purchasing an additional 270 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Green Plains by 85.9% during the second quarter. State of Alaska Department of Revenue now owns 7,289 shares of the specialty chemicals company’s stock valued at $149,000 after purchasing an additional 3,369 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Green Plains by 2.0% during the first quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock valued at $202,000 after purchasing an additional 160 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Green Plains during the first quarter valued at about $204,000. Finally, Mason Street Advisors LLC boosted its stake in shares of Green Plains by 6.5% during the first quarter. Mason Street Advisors LLC now owns 8,303 shares of the specialty chemicals company’s stock valued at $205,000 after purchasing an additional 506 shares in the last quarter.
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GPRE has been the topic of a number of recent research reports. Roth Capital set a $27.00 price target on Green Plains and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and set a $25.00 price target (down from $28.00) on shares of Green Plains in a research note on Wednesday, August 2nd. Craig Hallum initiated coverage on Green Plains in a research note on Thursday, September 14th. They set a “buy” rating and a $29.00 price target on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $19.00 price target on shares of Green Plains in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised Green Plains from a “strong sell” rating to a “hold” rating in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.50.
Green Plains, Inc. (NASDAQ:GPRE) opened at 19.10 on Monday. The company has a 50 day moving average price of $19.52 and a 200-day moving average price of $20.92. Green Plains, Inc. has a 1-year low of $16.35 and a 1-year high of $29.85. The firm has a market capitalization of $792.34 million, a price-to-earnings ratio of 111.70 and a beta of 1.37.
Green Plains (NASDAQ:GPRE) last issued its earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.29). The company had revenue of $886.30 million for the quarter, compared to analysts’ expectations of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. On average, analysts forecast that Green Plains, Inc. will post ($0.32) EPS for the current fiscal year.
Green Plains Company Profile
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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