Texas Permanent School Fund Boosts Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Texas Permanent School Fund grew its stake in shares of Green Plains Inc. (NASDAQ:GPREGet Rating) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,782 shares of the specialty chemicals company’s stock after buying an additional 2,881 shares during the period. Texas Permanent School Fund owned 0.07% of Green Plains worth $1,215,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Green Plains by 0.9% during the 1st quarter. BlackRock Inc. now owns 8,978,072 shares of the specialty chemicals company’s stock valued at $278,410,000 after purchasing an additional 82,288 shares during the period. State Street Corp raised 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 purchasing an additional 290,543 shares during the period. Vanguard Group Inc. raised its stake in Green Plains by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 3,667,926 shares of the specialty chemicals company’s stock valued at $113,742,000 after purchasing an additional 88,056 shares during the period. Franklin Resources Inc. raised its stake in Green Plains by 9.9% during the 2nd quarter. Franklin Resources Inc. now owns 3,666,129 shares of the specialty chemicals company’s stock valued at $99,608,000 after purchasing an additional 330,583 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Green Plains by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,805,680 shares of the specialty chemicals company’s stock valued at $87,003,000 after purchasing an additional 76,362 shares during the period.

Analysts Set New Price Targets

GPRE has been the topic of several recent analyst reports. StockNews.com initiated coverage on Green Plains in a research note on Wednesday, October 12th. They set a “sell” rating on the stock. BMO Capital Markets downgraded Green Plains from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $45.00 to $31.00 in a research note on Monday, October 24th. Bank of America reduced their price objective on Green Plains from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 24th. Truist Financial reduced their price objective on Green Plains from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, October 7th. Finally, UBS Group assumed coverage on Green Plains in a research note on Tuesday, December 13th. They issued a “buy” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Green Plains presently has an average rating of “Hold” and an average price target of $41.40.

Green Plains Stock Performance

NASDAQ GPRE opened at $32.08 on Friday. The company has a market cap of $1.90 billion, a P/E ratio of -17.06 and a beta of 1.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.61 and a current ratio of 2.22. The business’s 50 day moving average price is $32.00 and its 200-day moving average price is $32.11. Green Plains Inc. has a fifty-two week low of $26.09 and a fifty-two week high of $41.25.

Green Plains (NASDAQ:GPREGet Rating) last released its earnings results on Thursday, November 3rd. The specialty chemicals company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($1.09). The company had revenue of $954.98 million for the quarter, compared to the consensus estimate of $961.00 million. Green Plains had a negative net margin of 2.76% and a negative return on equity of 10.48%. Sell-side analysts predict that Green Plains Inc. will post -2.06 earnings per share for the current year.

Insider Activity

In related news, CFO James E. Stark bought 787 shares of the business’s stock in a transaction dated Tuesday, December 6th. The shares were purchased at an average price of $31.85 per share, with a total value of $25,065.95. Following the transaction, the chief financial officer now owns 11,184 shares in the company, valued at approximately $356,210.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.

About Green Plains

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Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil.

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Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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