Vertex, Inc. (NASDAQ:VERX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Vertex, Inc. (NASDAQ:VERX – Get Free Report) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $17.4286.

VERX has been the subject of several research analyst reports. Stephens lowered their price target on Vertex from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. BMO Capital Markets boosted their price objective on Vertex from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. Weiss Ratings raised Vertex from a “sell (e+)” rating to a “sell (d)” rating in a research note on Wednesday, August 5th. Needham & Company LLC restated a “buy” rating on shares of Vertex in a report on Monday, June 8th. Finally, Wall Street Zen upgraded Vertex from a “hold” rating to a “buy” rating in a report on Saturday, August 8th.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jennison Associates LLC increased its stake in Vertex by 21.1% during the 4th quarter. Jennison Associates LLC now owns 991,820 shares of the company’s stock worth $19,807,000 after buying an additional 172,692 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Vertex by 1,906.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 935,668 shares of the company’s stock worth $11,125,000 after buying an additional 889,042 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Vertex in the 1st quarter valued at approximately $37,796,000. Norris Perne & French LLP MI boosted its position in Vertex by 26.1% in the 4th quarter. Norris Perne & French LLP MI now owns 259,854 shares of the company’s stock valued at $5,189,000 after buying an additional 53,718 shares during the period. Finally, William Blair Investment Management LLC grew its stake in shares of Vertex by 42.2% in the fourth quarter. William Blair Investment Management LLC now owns 1,215,172 shares of the company’s stock worth $24,267,000 after acquiring an additional 360,791 shares in the last quarter. Hedge funds and other institutional investors own 70.32% of the company’s stock.

Vertex Stock Performance

Shares of VERX stock opened at $12.30 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $1.99 billion, a P/E ratio of 615.31 and a beta of 0.83. The firm’s 50 day moving average price is $12.25 and its 200-day moving average price is $13.11. Vertex has a one year low of $10.21 and a one year high of $26.63.

Vertex (NASDAQ:VERX – Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $203.97 million during the quarter, compared to the consensus estimate of $202.21 million. Vertex had a net margin of 0.45% and a return on equity of 29.00%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. As a group, equities research analysts predict that Vertex will post 0.54 EPS for the current year.

About Vertex

(Get Free Report)

Vertex Energy, Inc (NASDAQ: VERX) is a specialty refiner and marketer of transportation fuels and petrochemical feedstocks in the United States. The company collects and processes a variety of waste petroleum products, including used motor oil and industrial lubricants, which it converts into ultra-low-sulfur diesel, asphalt, and other refined products. By leveraging proprietary re-refining technologies and strategic feedstock sourcing, Vertex Energy aims to deliver cost-effective, lower-carbon fuel solutions to wholesale and retail customers across the country.

Headquartered in Houston, Texas, Vertex operates a network of refining and blending facilities in key regions, including the Central, Northeast and Mid-Atlantic markets.

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