Intech Investment Management LLC Has $865,000 Position in REX American Resources Corporation $REX

Intech Investment Management LLC grew its stake in shares of REX American Resources Corporation (NYSE:REX) by 100.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,256 shares of the energy company’s stock after purchasing an additional 14,188 shares during the quarter. Intech Investment Management LLC’s holdings in REX American Resources were worth $865,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in REX. Vanguard Group Inc. raised its holdings in REX American Resources by 101.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company’s stock valued at $74,610,000 after acquiring an additional 1,224,274 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of REX American Resources by 13.0% in the second quarter. Bridgeway Capital Management LLC now owns 191,690 shares of the energy company’s stock worth $9,337,000 after acquiring an additional 22,123 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of REX American Resources by 80.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 172,612 shares of the energy company’s stock valued at $5,285,000 after acquiring an additional 77,004 shares in the last quarter. Principal Financial Group Inc. boosted its position in REX American Resources by 112.9% during the 3rd quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company’s stock worth $4,728,000 after buying an additional 81,869 shares during the period. Finally, Public Sector Pension Investment Board raised its position in REX American Resources by 121.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 110,475 shares of the energy company’s stock worth $3,383,000 after purchasing an additional 60,652 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

REX American Resources Price Performance

Shares of NYSE:REX opened at $37.40 on Monday. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 25.02 and a beta of 0.73. REX American Resources Corporation has a one year low of $16.73 and a one year high of $37.83. The company’s fifty day moving average price is $34.08 and its 200-day moving average price is $32.73.

REX American Resources (NYSE:REX) last issued its earnings results on Thursday, December 4th. The energy company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.45. The business had revenue of $175.63 million during the quarter, compared to analyst estimates of $169.00 million. REX American Resources had a return on equity of 7.89% and a net margin of 7.73%.During the same quarter in the prior year, the firm earned $1.38 earnings per share. As a group, equities research analysts expect that REX American Resources Corporation will post 2.93 EPS for the current year.

Analysts Set New Price Targets

REX has been the subject of a number of analyst reports. Wall Street Zen raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings upgraded REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $25.00.

REX American Resources Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.