US Bancorp DE Acquires 21,302 Shares of Green Plains Inc. (NASDAQ:GPRE)

US Bancorp DE lifted its stake in shares of Green Plains Inc. (NASDAQ:GPREGet Rating) by 116.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,643 shares of the specialty chemicals company’s stock after buying an additional 21,302 shares during the period. US Bancorp DE owned about 0.07% of Green Plains worth $1,152,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GPRE. Citigroup Inc. lifted its position in shares of Green Plains by 37.7% during the 1st quarter. Citigroup Inc. now owns 127,032 shares of the specialty chemicals company’s stock worth $3,940,000 after buying an additional 34,787 shares in the last quarter. MetLife Investment Management LLC grew its stake in Green Plains by 58.5% in the 1st quarter. MetLife Investment Management LLC now owns 24,564 shares of the specialty chemicals company’s stock valued at $762,000 after purchasing an additional 9,066 shares during the period. Rhumbline Advisers increased its position in shares of Green Plains by 3.1% during the 1st quarter. Rhumbline Advisers now owns 148,266 shares of the specialty chemicals company’s stock valued at $4,598,000 after purchasing an additional 4,517 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Green Plains by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,205 shares of the specialty chemicals company’s stock worth $1,433,000 after purchasing an additional 5,697 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Green Plains by 0.9% in the 1st quarter. BlackRock Inc. now owns 8,978,072 shares of the specialty chemicals company’s stock worth $278,410,000 after buying an additional 82,288 shares during the last quarter.

Insider Buying and Selling

In related news, CFO James E. Stark purchased 787 shares of the business’s stock in a transaction on Tuesday, December 6th. The stock was acquired at an average price of $31.85 per share, with a total value of $25,065.95. Following the purchase, the chief financial officer now directly owns 11,184 shares in the company, valued at $356,210.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by company insiders.

Green Plains Stock Performance

Green Plains stock opened at $30.16 on Thursday. The firm’s 50 day simple moving average is $31.95 and its 200 day simple moving average is $32.23. The company has a current ratio of 2.22, a quick ratio of 1.61 and a debt-to-equity ratio of 0.44. Green Plains Inc. has a 1-year low of $26.09 and a 1-year high of $41.25. The firm has a market capitalization of $1.79 billion, a PE ratio of -16.04, a price-to-earnings-growth ratio of 0.62 and a beta of 1.71.

Green Plains (NASDAQ:GPREGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The specialty chemicals company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($1.09). The business 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%. As a group, analysts expect that Green Plains Inc. will post -2.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Truist Financial dropped their target price on shares of Green Plains from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, October 7th. BMO Capital Markets downgraded Green Plains from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $45.00 to $31.00 in a research note on Monday, October 24th. StockNews.com assumed coverage on Green Plains in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Bank of America reduced their target price on shares of Green Plains from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 24th. Finally, Stephens cut shares of Green Plains from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $40.00 to $37.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.20.

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.

Further Reading

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

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