Franklin Resources Inc. Has $38.89 Million Stock Position in ReNew Energy Global Plc (NASDAQ:RNW)

Franklin Resources Inc. increased its position in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 191.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,693,312 shares of the company's stock after acquiring an additional 3,739,645 shares during the quarter. Franklin Resources Inc. owned about 1.57% of ReNew Energy Global worth $38,885,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP raised its position in shares of ReNew Energy Global by 454.7% during the third quarter. Quantbot Technologies LP now owns 15,788 shares of the company's stock valued at $99,000 after buying an additional 12,942 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ReNew Energy Global by 40.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 699,905 shares of the company's stock valued at $4,402,000 after acquiring an additional 202,100 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of ReNew Energy Global in the 3rd quarter worth approximately $426,000. Barclays PLC grew its holdings in shares of ReNew Energy Global by 382.5% during the 3rd quarter. Barclays PLC now owns 26,381 shares of the company's stock worth $166,000 after purchasing an additional 20,913 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of ReNew Energy Global by 26.5% during the third quarter. JPMorgan Chase & Co. now owns 148,777 shares of the company's stock valued at $936,000 after purchasing an additional 31,125 shares during the period. 43.56% of the stock is currently owned by institutional investors and hedge funds.

ReNew Energy Global Price Performance

RNW traded down $0.20 during midday trading on Thursday, reaching $5.73. 139,437 shares of the company's stock were exchanged, compared to its average volume of 1,058,053. The company has a quick ratio of 0.64, a current ratio of 0.60 and a debt-to-equity ratio of 4.74. The business has a 50-day simple moving average of $6.23 and a two-hundred day simple moving average of $6.25. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 114.50 and a beta of 0.89. ReNew Energy Global Plc has a one year low of $5.15 and a one year high of $7.49.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). ReNew Energy Global had a net margin of 2.17% and a return on equity of 1.75%. The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $20.22 billion. As a group, research analysts predict that ReNew Energy Global Plc will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm decreased their price target on shares of ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating on the stock in a research note on Friday, February 21st.

ReNew Energy Global 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.