Teacher Retirement System of Texas Acquires 22,468 Shares of REX American Resources Co. (NYSE:REX)

Teacher Retirement System of Texas increased its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 104.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,946 shares of the energy company's stock after purchasing an additional 22,468 shares during the period. Teacher Retirement System of Texas owned approximately 0.25% of REX American Resources worth $1,832,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new stake in REX American Resources during the 3rd quarter valued at $213,000. Cerity Partners LLC grew its holdings in shares of REX American Resources by 26.3% in the third quarter. Cerity Partners LLC now owns 10,190 shares of the energy company's stock worth $472,000 after acquiring an additional 2,122 shares during the period. FMR LLC increased its position in REX American Resources by 34.8% during the third quarter. FMR LLC now owns 2,345 shares of the energy company's stock valued at $109,000 after acquiring an additional 605 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in REX American Resources by 9.6% in the third quarter. BNP Paribas Financial Markets now owns 10,353 shares of the energy company's stock valued at $479,000 after acquiring an additional 904 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in REX American Resources by 6.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 32,103 shares of the energy company's stock worth $1,486,000 after purchasing an additional 2,075 shares during the last quarter. Institutional investors own 88.12% of the company's stock.

Wall Street Analyst Weigh In

Separately, Truist Financial reiterated a "buy" rating and issued a $50.00 price objective (down previously from $55.00) on shares of REX American Resources in a research note on Thursday.

REX American Resources Stock Performance

Shares of REX stock traded down $0.23 during mid-day trading on Monday, reaching $37.67. 192,240 shares of the company's stock traded hands, compared to its average volume of 155,676. The firm has a market capitalization of $661.77 million, a PE ratio of 9.86 and a beta of 0.92. REX American Resources Co. has a 12 month low of $35.40 and a 12 month high of $60.79. The firm has a 50 day moving average price of $39.63 and a two-hundred day moving average price of $42.53.

REX American Resources (NYSE:REX - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The energy company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.36. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. The business had revenue of $158.23 million during the quarter, compared to analyst estimates of $163.00 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. As a group, equities analysts expect that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

REX American Resources declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 26th that permits the company to buyback 1,500,000 outstanding shares. This buyback authorization permits the energy company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

REX American Resources Company Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.