Quantinno Capital Management LP Buys 104,006 Shares of Vertex, Inc. $VERX

Quantinno Capital Management LP grew its stake in shares of Vertex, Inc. (NASDAQ:VERX) by 275.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,793 shares of the company’s stock after purchasing an additional 104,006 shares during the quarter. Quantinno Capital Management LP owned about 0.09% of Vertex worth $1,686,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Vertex in the first quarter valued at $37,796,000. Renaissance Technologies LLC lifted its stake in Vertex by 8.1% in the first quarter. Renaissance Technologies LLC now owns 290,500 shares of the company’s stock valued at $3,454,000 after acquiring an additional 21,700 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Vertex by 1,906.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 935,668 shares of the company’s stock valued at $11,125,000 after acquiring an additional 889,042 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Vertex in the 1st quarter valued at about $132,000. Finally, Cetera Investment Advisers grew its position in shares of Vertex by 20.5% in the 1st quarter. Cetera Investment Advisers now owns 34,150 shares of the company’s stock valued at $406,000 after acquiring an additional 5,814 shares during the period. Institutional investors own 70.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VERX shares. BMO Capital Markets upped their target price on shares of Vertex from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price target on shares of Vertex in a report on Thursday, May 7th. Piper Sandler boosted their price target on Vertex from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. DA Davidson dropped their price objective on Vertex from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group set a $14.00 price objective on Vertex in a research report on Saturday, May 9th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.43.

Vertex Stock Up 0.6%

Vertex stock opened at $12.30 on Thursday. The company’s 50-day moving average price is $12.25 and its two-hundred day moving average price is $13.11. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.40. The stock has a market cap of $1.99 billion, a P/E ratio of 615.31 and a beta of 0.83. Vertex, Inc. has a twelve month low of $10.21 and a twelve month high of $26.63.

Vertex (NASDAQ:VERX) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Vertex had a return on equity of 29.00% and a net margin of 0.45%.The company had revenue of $203.97 million during the quarter, compared to analysts’ expectations of $202.21 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. As a group, analysts expect that Vertex, Inc. will post 0.54 EPS for the current year.

Vertex Company Profile

Vertex Energy, Inc (NASDAQ: VERX) is a specialty refiner and marketer of transportation fuels and petrochemical feedstocks in the United States. The company collects and processes a variety of waste petroleum products, including used motor oil and industrial lubricants, which it converts into ultra-low-sulfur diesel, asphalt, and other refined products. By leveraging proprietary re-refining technologies and strategic feedstock sourcing, Vertex Energy aims to deliver cost-effective, lower-carbon fuel solutions to wholesale and retail customers across the country.

Headquartered in Houston, Texas, Vertex operates a network of refining and blending facilities in key regions, including the Central, Northeast and Mid-Atlantic markets.