Bank of New York Mellon Corp Has $8.21 Million Stake in Green Plains Inc. (NASDAQ:GPRE)

Bank of New York Mellon Corp grew its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 6.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 517,415 shares of the specialty chemicals company’s stock after acquiring an additional 32,666 shares during the quarter. Bank of New York Mellon Corp’s holdings in Green Plains were worth $8,206,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Future Fund LLC raised its position in shares of Green Plains by 5.0% in the 4th quarter. Future Fund LLC now owns 11,456 shares of the specialty chemicals company’s stock valued at $289,000 after acquiring an additional 550 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Green Plains by 6.3% during the first quarter. Mutual of America Capital Management LLC now owns 11,071 shares of the specialty chemicals company’s stock worth $256,000 after purchasing an additional 655 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Green Plains by 4.1% in the 1st quarter. Inspire Investing LLC now owns 17,200 shares of the specialty chemicals company’s stock valued at $398,000 after buying an additional 675 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Green Plains by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock valued at $515,000 after buying an additional 700 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Green Plains by 3.7% during the 4th quarter. New York State Common Retirement Fund now owns 25,900 shares of the specialty chemicals company’s stock worth $653,000 after buying an additional 921 shares during the period.

Green Plains Price Performance

NASDAQ GPRE opened at $11.94 on Wednesday. The firm’s 50 day moving average is $15.11 and its 200-day moving average is $18.13. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $771.92 million, a PE ratio of -9.71 and a beta of 1.53. Green Plains Inc. has a 12-month low of $11.89 and a 12-month high of $34.62.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.35). Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The business had revenue of $618.83 million during the quarter, compared to analyst estimates of $646.70 million. During the same quarter in the previous year, the firm posted ($0.89) earnings per share. The firm’s quarterly revenue was down 27.8% on a year-over-year basis. Equities research analysts anticipate that Green Plains Inc. will post -0.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GPRE. Craig Hallum decreased their target price on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. UBS Group decreased their price objective on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. Truist Financial reissued a “buy” rating and set a $25.00 target price (down from $30.00) on shares of Green Plains in a research note on Monday, August 5th. Oppenheimer lowered shares of Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. Finally, BMO Capital Markets lowered their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Green Plains presently has an average rating of “Moderate Buy” and a consensus price target of $26.28.

Green Plains Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.