355,016 Shares in ReNew Energy Global Plc (NASDAQ:RNW) Acquired by Fiera Capital Corp

Fiera Capital Corp bought a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 355,016 shares of the company's stock, valued at approximately $2,233,000. Fiera Capital Corp owned approximately 0.10% of ReNew Energy Global at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV boosted its stake in ReNew Energy Global by 12.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 15,187 shares of the company's stock valued at $95,000 after buying an additional 1,709 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in ReNew Energy Global by 23.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 12,672 shares of the company's stock valued at $80,000 after buying an additional 2,379 shares during the last quarter. Tidal Investments LLC boosted its stake in ReNew Energy Global by 3.5% during the first quarter. Tidal Investments LLC now owns 87,575 shares of the company's stock valued at $525,000 after buying an additional 2,924 shares during the last quarter. Van ECK Associates Corp boosted its stake in ReNew Energy Global by 58.1% during the third quarter. Van ECK Associates Corp now owns 12,278 shares of the company's stock valued at $72,000 after buying an additional 4,513 shares during the last quarter. Finally, Harvest Portfolios Group Inc. boosted its stake in ReNew Energy Global by 17.7% during the third quarter. Harvest Portfolios Group Inc. now owns 71,966 shares of the company's stock valued at $453,000 after buying an additional 10,831 shares during the last quarter. Hedge funds and other institutional investors own 43.56% of the company's stock.

ReNew Energy Global Trading Down 1.6 %

Shares of NASDAQ:RNW traded down $0.09 during trading on Friday, hitting $5.38. The company had a trading volume of 428,914 shares, compared to its average volume of 688,434. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 179.33 and a beta of 0.95. ReNew Energy Global Plc has a one year low of $5.15 and a one year high of $7.79. The company has a fifty day simple moving average of $6.00 and a two-hundred day simple moving average of $5.97. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.67 and a quick ratio of 0.66.

Analyst Ratings Changes

A number of equities analysts recently commented on RNW shares. Roth Mkm dropped their price target on ReNew Energy Global from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Monday, August 19th. Morgan Stanley lowered ReNew Energy Global from an "overweight" rating to an "equal weight" rating in a research note on Thursday, September 26th.

ReNew Energy Global Company Profile

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.