Federated Hermes Inc. Cuts Position in Green Plains, Inc. $GPRE

Federated Hermes Inc. decreased its position in Green Plains, Inc. (NASDAQ:GPRE) by 44.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 774,143 shares of the specialty chemicals company’s stock after selling 620,427 shares during the quarter. Federated Hermes Inc.’s holdings in Green Plains were worth $6,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Clifford Capital Partners LLC grew its holdings in shares of Green Plains by 201.2% in the second quarter. Clifford Capital Partners LLC now owns 1,386,961 shares of the specialty chemicals company’s stock valued at $8,363,000 after purchasing an additional 926,553 shares in the last quarter. CenterBook Partners LP boosted its stake in shares of Green Plains by 76.3% during the second quarter. CenterBook Partners LP now owns 1,165,273 shares of the specialty chemicals company’s stock valued at $7,027,000 after purchasing an additional 504,433 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Green Plains in the 2nd quarter valued at about $2,276,000. BNP Paribas Financial Markets boosted its holdings in shares of Green Plains by 312.4% in the second quarter. BNP Paribas Financial Markets now owns 477,680 shares of the specialty chemicals company’s stock valued at $2,880,000 after purchasing an additional 361,839 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Green Plains by 69.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 559,216 shares of the specialty chemicals company’s stock worth $2,712,000 after purchasing an additional 229,353 shares in the last quarter.

Analyst Ratings Changes

GPRE has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Plains in a research report on Thursday, January 22nd. Wall Street Zen upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Tudor, Pickering, Holt & Co. raised shares of Green Plains from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Monday, October 6th. Roth Mkm downgraded shares of Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research report on Thursday, November 6th. Finally, Tudor Pickering upgraded shares of Green Plains from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Green Plains Price Performance

Shares of GPRE opened at $11.64 on Tuesday. The company has a 50 day moving average of $10.44 and a two-hundred day moving average of $9.88. The company has a quick ratio of 1.20, a current ratio of 1.68 and a debt-to-equity ratio of 0.40. Green Plains, Inc. has a twelve month low of $3.14 and a twelve month high of $12.31. The company has a market cap of $812.82 million, a price-to-earnings ratio of -3.99, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Wednesday, November 5th. The specialty chemicals company reported $0.35 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.48. Green Plains had a negative return on equity of 16.78% and a negative net margin of 8.37%.The firm had revenue of $508.49 million during the quarter, compared to analyst estimates of $583.55 million. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s revenue for the quarter was down 22.8% compared to the same quarter last year. As a group, analysts predict that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.