Hennion & Walsh Asset Management Inc. boosted its holdings in shares of REX American Resources Corporation (NYSE:REX – Free Report) by 25.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,550 shares of the energy company’s stock after buying an additional 11,551 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.17% of REX American Resources worth $2,598,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M&T Bank Corp acquired a new position in REX American Resources during the 4th quarter worth $17,199,000. Y Intercept Hong Kong Ltd purchased a new stake in REX American Resources during the 1st quarter worth about $1,800,000. Arrowstreet Capital Limited Partnership raised its position in REX American Resources by 6.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 447,642 shares of the energy company’s stock valued at $20,399,000 after purchasing an additional 26,989 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of REX American Resources by 195.0% in the 4th quarter. Intech Investment Management LLC now owns 83,357 shares of the energy company’s stock valued at $2,694,000 after buying an additional 55,101 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of REX American Resources by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock worth $81,768,000 after buying an additional 93,312 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.
REX American Resources Price Performance
NYSE REX opened at $43.45 on Tuesday. The firm’s fifty day moving average price is $44.79 and its 200 day moving average price is $42.68. REX American Resources Corporation has a 12 month low of $26.03 and a 12 month high of $53.36. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 15.49 and a beta of 0.64.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of REX American Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on REX
Insider Transactions at REX American Resources
In related news, insider Stuart A. Rose sold 15,186 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $43.64, for a total transaction of $662,717.04. Following the transaction, the insider owned 573,094 shares in the company, valued at $25,009,822.16. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Douglas Bruggeman sold 5,086 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total value of $247,840.78. Following the transaction, the chief financial officer owned 254,084 shares in the company, valued at $12,381,513.32. This represents a 1.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 105,086 shares of company stock worth $4,643,829 in the last quarter. Insiders own 13.21% of the company’s stock.
About REX American Resources
REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.
In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.
Further Reading
- Five stocks we like better than REX American Resources
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Want to see what other hedge funds are holding REX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for REX American Resources Corporation (NYSE:REX – Free Report).
Receive News & Ratings for REX American Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REX American Resources and related companies with MarketBeat.com's FREE daily email newsletter.
