Blair William & Co. IL Purchases New Position in Green Plains Inc. (NASDAQ:GPRE)

Posted by Defense World Staff on Jun 1st, 2023

Blair William & Co. IL acquired a new stake in Green Plains Inc. (NASDAQ:GPRE – Get Rating) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,626 shares of the specialty chemicals company’s stock, valued at approximately $202,000.

Several other institutional investors have also added to or reduced their stakes in GPRE. BlackRock Inc. lifted its holdings in shares of Green Plains by 13.3% during the third quarter. BlackRock Inc. now owns 10,033,859 shares of the specialty chemicals company’s stock valued at $291,683,000 after purchasing an additional 1,181,259 shares in the last quarter. State Street Corp lifted its stake in Green Plains by 6.9% during the 2nd quarter. State Street Corp now owns 4,471,629 shares of the specialty chemicals company’s stock valued at $121,494,000 after acquiring an additional 290,543 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Green Plains by 7.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,964,045 shares of the specialty chemicals company’s stock valued at $115,234,000 after acquiring an additional 266,997 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Green Plains by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,805,680 shares of the specialty chemicals company’s stock worth $87,003,000 after acquiring an additional 76,362 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Green Plains by 19.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,773,144 shares of the specialty chemicals company’s stock valued at $80,615,000 after purchasing an additional 451,017 shares during the last quarter.

Green Plains Stock Performance

Shares of GPRE stock opened at $29.00 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.73 and a quick ratio of 1.15. Green Plains Inc. has a 1 year low of $26.33 and a 1 year high of $41.25. The firm has a fifty day moving average price of $31.59 and a 200-day moving average price of $32.21.

Green Plains (NASDAQ:GPRE – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The specialty chemicals company reported ($1.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.83). Green Plains had a negative net margin of 3.66% and a negative return on equity of 14.94%. The company had revenue of $832.90 million for the quarter, compared to the consensus estimate of $823.35 million. During the same period in the prior year, the firm posted ($1.16) EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Green Plains Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In other Green Plains news, EVP Der Meulen Leslie Van sold 2,000 shares of Green Plains stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $32.27, for a total transaction of $64,540.00. Following the transaction, the executive vice president now owns 31,546 shares of the company’s stock, valued at $1,017,989.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michelle Mapes sold 30,000 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $31.31, for a total value of $939,300.00. Following the completion of the transaction, the insider now owns 38,153 shares of the company’s stock, valued at $1,194,570.43. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Der Meulen Leslie Van sold 2,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $32.27, for a total value of $64,540.00. Following the sale, the executive vice president now owns 31,546 shares of the company’s stock, valued at approximately $1,017,989.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,641 shares of company stock valued at $3,837,810. 3.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GPRE shares. StockNews.com raised shares of Green Plains to a “sell” rating in a research report on Tuesday, May 23rd. Bank of America initiated coverage on Green Plains in a report on Friday, May 12th. They issued a “buy” rating for the company. Craig Hallum increased their target price on Green Plains from $44.00 to $49.00 in a report on Thursday, February 9th. Finally, BMO Capital Markets assumed coverage on Green Plains in a research report on Thursday, April 13th. They issued a “market perform” rating and a $33.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.17.

About Green Plains

(Get Rating)

Green Plains, Inc engages in the production of fuel-grade ethanol and corn oil, the provision of grain handling, and storage commodity marketing and distribution services. It operates through the following segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers’ grain, and corn oil at ethanol plants in Indiana, Iowa, Minnesota, Nebraska, Tennessee, and Texas.