Truist Financial Corp Makes New Investment in Quest Resource Holding Co. (NASDAQ:QRHC)

Truist Financial Corp bought a new stake in Quest Resource Holding Co. (NASDAQ:QRHC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 246,969 shares of the business services provider’s stock, valued at approximately $1,605,000. Truist Financial Corp owned about 1.20% of Quest Resource at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Quest Resource by 62.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,063 shares of the business services provider’s stock worth $80,000 after purchasing an additional 3,850 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Quest Resource by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 10,285 shares of the business services provider’s stock worth $82,000 after buying an additional 5,795 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Quest Resource in the third quarter valued at approximately $116,000. GSA Capital Partners LLP purchased a new stake in shares of Quest Resource during the third quarter valued at approximately $148,000. Finally, Avanza Fonder AB bought a new stake in Quest Resource during the fourth quarter worth $150,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Quest Resource from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th.

Quest Resource Stock Down 2.6 %

QRHC opened at $4.45 on Friday. The company’s 50-day moving average price is $5.58 and its two-hundred day moving average price is $7.08. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.15. Quest Resource Holding Co. has a twelve month low of $4.31 and a twelve month high of $10.85. The stock has a market cap of $91.62 million, a price-to-earnings ratio of -12.03, a PEG ratio of 0.76 and a beta of 0.66.

Quest Resource Company Profile

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.