Feltl & Co. assumed coverage on shares of REX American Resources Corp. (NYSE:REX) in a research report report published on Thursday morning. The brokerage issued a buy rating and a $94.50 target price on the stock.

Shares of REX American Resources Corp. (NYSE:REX) opened at 83.13 on Thursday. The firm has a 50 day moving average price of $76.63 and a 200-day moving average price of $62.07. The firm has a market cap of $547.16 million, a P/E ratio of 25.28 and a beta of 1.64. REX American Resources Corp. has a one year low of $44.48 and a one year high of $87.13.

REX American Resources Corp. (NYSE:REX) last announced its earnings results on Thursday, August 25th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.13. REX American Resources Corp. had a return on equity of 6.16% and a net margin of 5.11%. The firm had revenue of $115.70 million for the quarter, compared to the consensus estimate of $109.09 million. Analysts forecast that REX American Resources Corp. will post $3.81 earnings per share for the current year.

In related news, insider Stuart A. Rose sold 10,524 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $85.95, for a total value of $904,537.80. Following the transaction, the insider now owns 656,622 shares of the company’s stock, valued at $56,436,660.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas Bruggeman sold 1,500 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $85.00, for a total value of $127,500.00. Following the completion of the transaction, the chief financial officer now directly owns 33,651 shares in the company, valued at approximately $2,860,335. The disclosure for this sale can be found here. 14.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in REX American Resources Corp. by 412.1% in the second quarter. BlackRock Inc. now owns 1,741 shares of the company’s stock worth $104,000 after buying an additional 1,401 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in REX American Resources Corp. by 70.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,804 shares of the company’s stock worth $108,000 after buying an additional 748 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in REX American Resources Corp. by 52.5% in the first quarter. Envestnet Asset Management Inc. now owns 2,604 shares of the company’s stock worth $144,000 after buying an additional 897 shares in the last quarter. BlackRock Advisors LLC boosted its position in REX American Resources Corp. by 3.5% in the second quarter. BlackRock Advisors LLC now owns 2,838 shares of the company’s stock worth $170,000 after buying an additional 96 shares in the last quarter. Finally, Smith Asset Management Group LP boosted its position in REX American Resources Corp. by 62.9% in the second quarter. Smith Asset Management Group LP now owns 5,100 shares of the company’s stock worth $305,000 after buying an additional 1,970 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

About REX American Resources Corp.

Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).

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