Dimensional Fund Advisors LP has recently announced that it has increased stake in REX American Resources Corporation (NYSE:REX) by 0.09%. After grabbing 1.45 million shares, the institutional investor is now in possession of 1293.0 shares of the Energy Company. The new investment brought the stake of investor firm to 8.31% having worth around $46.07 million. Moreover, Systematic Financial Management L increased its share by 10548.0 to have a control over 0.86 million shares. And T. Rowe Price Investment Manageme raised its holdings to 0.62 million shares by acquiring 0.62 million shares or 3.55% of the stake.
REX American Resources Corporation (REX) concluded trading on 01/19/23 at a closing price of $30.54, with 0.16 million shares of worth about $4.76 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.41% during that period and on Thursday the price saw a gain of about 1.03%. Currently the company’s common shares owned by public are about 17.59M shares, out of which, 15.28M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the REX stock and their offered price forecasts bring an average price target of $38.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $38.50 and could fall to a lowest price of $38.00. The stock’s current price level is 16.72% above of average price target set by the analysts, while a rise to estimated low would result in gain of 19.63% for the stock. However, touching the estimated high of $38.50 would mean a gain of 20.68% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 11 times over the past 12 months. They bought 21,613 shares in 9 of the transactions. In 2 selling transactions, insiders dumped 1,100 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and DFA US Small Cap Value Portfolio are the top 3 mutual funds which are holding stakes in REX American Resources Corporation iShares Core S&P Small Cap ETF is currently holding 1.15 million shares of worth totaling $36.56 million. The company recently came selling 872.0 shares which brought its stake up to 6.60% of the company’s outstanding shares. DFA US Small Cap Value Portfolio, after buying 0.45 million shares, have now control over 2.59% of the stake in the company. It holds 0.0 shares of worth $14.33 million.
REX American Resources Corporation (NYSE: REX) started trading at $30.15, below -$0.08 from concluding price of the previous day. However, the stock later moved at a day high price of 30.78, or with a gain of 1.03%. Stock saw a price change of -1.04% in past 5 days and over the past one month there was a price change of 4.84%. Year-to-date (YTD), REX shares are showing a performance of -4.14% which decreased to -11.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.05 but also hit the highest price of $36.31 during that period. The average intraday trading volume for REX American Resources Corporation shares is 142.55K. The stock is currently trading 0.29% above its 20-day simple moving average (SMA20), while that difference is down -0.93% for SMA50 and it goes to 1.99% higher than SMA200.
Dimensional Fund Advisors LP acquired 1.45 million shares of REX American Resources Corporation having value of about $46.07 million. Data submitted at the U.S SEC by Dimensional Fund Advisors LP revealed that the firm now holds 1293.0 shares in the company valued at close to $39488.22, or have control over 0.09% stake in the company. REX American Resources Corporation (NYSE: REX) currently have 17.59M outstanding shares and institutions hold larger chunk of about 83.90% of that. Holding of mutual funds in the company is about 55.22% while other institutional holders and individual stake holders have control over 6.44% and 27.78% of the stake respectively.
The stock has a current market capitalization of $525.90M and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 13.32, while it has posted earnings per share of $2.29 in the same period. Its PEG reads 1.67 and has Quick Ratio of 5.80 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for REX, volatility over the week remained 4.29% while standing at 4.26% over the month.
Analysts are in expectations that REX American Resources Corporation (REX) stock would likely to be making an EPS of $0.12 in the current quarter, while forecast for next quarter EPS is $0.25 and it is $2.14 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.12 which is $0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.74 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -44.90% while it is estimated to increase by 35.82% in next year. EPS is likely to shrink at an annualized rate of 8.00% for next 5-years, compared to annual growth of 10.10% made by the stock over the past 5-years.
Analysts at 2 brokerage firms have issued recommendations for the REX American Resources Corporation (REX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Coverage by Singular Research stated REX American Resources Corporation (REX) stock as a Buy in their note to investors on April 04, 2016, suggesting a price target of $60 for the stock. On December 03, 2015, Singular Research Reiterated their recommendations, while on December 04, 2014, Singular Research Upgrade their ratings for the stock with a price target of $105. Stock get a Buy – long-term rating from Singular Research on August 28, 2014.