Illinois Municipal Retirement Fund Acquires 4,034 Shares of Green Plains Inc. (NASDAQ:GPRE)

Illinois Municipal Retirement Fund lifted its holdings in Green Plains Inc. (NASDAQ:GPRE) by 12.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,750 shares of the specialty chemicals company’s stock after purchasing an additional 4,034 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Green Plains worth $952,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GPRE. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Green Plains by 30.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,461 shares of the specialty chemicals company’s stock worth $314,000 after acquiring an additional 2,881 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Green Plains during the 4th quarter valued at approximately $752,000. Zenyatta Capital Management LP grew its holdings in Green Plains by 5.9% during the 4th quarter. Zenyatta Capital Management LP now owns 500,000 shares of the specialty chemicals company’s stock valued at $12,610,000 after buying an additional 28,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Green Plains by 3.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,565 shares of the specialty chemicals company’s stock valued at $670,000 after buying an additional 901 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new stake in Green Plains during the 3rd quarter valued at approximately $4,475,000.

Insiders Place Their Bets

In related news, Director Ejnar A. Knudsen III acquired 4,000 shares of the stock in a transaction on Monday, February 12th. The shares were acquired at an average price of $24.73 per share, for a total transaction of $98,920.00. Following the transaction, the director now owns 40,913 shares in the company, valued at approximately $1,011,778.49. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.20% of the company’s stock.

Green Plains Stock Performance

GPRE opened at $21.40 on Monday. Green Plains Inc. has a 52-week low of $19.44 and a 52-week high of $36.02. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.38 billion, a P/E ratio of -13.21 and a beta of 1.60. The firm’s 50-day moving average price is $21.85 and its 200-day moving average price is $23.67.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The company had revenue of $712.39 million for the quarter, compared to analyst estimates of $782.01 million. Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The business’s revenue was down 22.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.66) EPS. As a group, equities analysts anticipate that Green Plains Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GPRE has been the topic of several research reports. TheStreet cut shares of Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. Truist Financial reaffirmed a “buy” rating and set a $35.00 price objective on shares of Green Plains in a research note on Tuesday, March 26th. UBS Group dropped their price objective on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research note on Monday, March 4th. The Goldman Sachs Group dropped their price objective on shares of Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. Finally, Roth Mkm reissued a “buy” rating and set a $55.00 target price on shares of Green Plains in a research note on Monday, March 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.40.

About Green Plains

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.