Montauk Renewables, Inc. (NASDAQ:MNTK) Shares Acquired by State Street Corp

State Street Corp increased its position in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) by 1.6% in the third quarter, HoldingsChannel.com reports. The firm owned 1,613,351 shares of the company’s stock after acquiring an additional 25,732 shares during the quarter. State Street Corp’s holdings in Montauk Renewables were worth $8,406,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MNTK. Dimensional Fund Advisors LP lifted its stake in Montauk Renewables by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 702,914 shares of the company’s stock worth $4,007,000 after purchasing an additional 10,711 shares during the last quarter. SIR Capital Management L.P. lifted its stake in Montauk Renewables by 91.2% in the second quarter. SIR Capital Management L.P. now owns 326,074 shares of the company’s stock valued at $1,859,000 after buying an additional 155,546 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Montauk Renewables by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 263,278 shares of the company’s stock worth $1,501,000 after purchasing an additional 7,558 shares during the period. Marshall Wace LLP purchased a new position in Montauk Renewables during the 2nd quarter worth $962,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Montauk Renewables by 8.7% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 165,285 shares of the company’s stock worth $861,000 after buying an additional 13,228 shares during the last quarter. Hedge funds and other institutional investors own 16.35% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank reissued a “sector perform” rating and issued a $6.00 target price (down previously from $8.00) on shares of Montauk Renewables in a report on Tuesday, September 3rd.

Montauk Renewables Stock Down 0.8 %

Shares of Montauk Renewables stock opened at $3.93 on Friday. Montauk Renewables, Inc. has a one year low of $3.38 and a one year high of $9.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a fifty day moving average of $4.59 and a two-hundred day moving average of $4.94. The company has a market cap of $563.44 million, a P/E ratio of 24.56 and a beta of -0.30.

Montauk Renewables Company Profile

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.