Today, REX American Resources Corp. (REX) Insider Stuart A. Rose Sold 6,005 Shares

Today, REX American Resources Corp. (REX) Insider Stuart A. Rose Sold 6,005 Shares

REX American Resources Corp. (NYSE:REX) insider Stuart A. Rose sold 6,005 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $85.85, for a total transaction of $515,529.25. Following the transaction, the insider now owns 628,376 shares of the company’s stock, valued at $53,946,079.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

REX American Resources Corp. (NYSE:REX) opened at 86.02 on Friday. REX American Resources Corp. has a 12 month low of $44.48 and a 12 month high of $87.19. The firm’s 50-day moving average is $82.20 and its 200 day moving average is $64.45. The firm has a market capitalization of $566.18 million, a P/E ratio of 26.16 and a beta of 1.79.

REX American Resources Corp. (NYSE:REX) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.13. REX American Resources Corp. had a net margin of 5.11% and a return on equity of 6.16%. The company earned $115.70 million during the quarter, compared to analyst estimates of $109.09 million. On average, analysts expect that REX American Resources Corp. will post $3.81 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of REX American Resources Corp. by 412.1% in the second quarter. BlackRock Inc. now owns 1,741 shares of the company’s stock valued at $104,000 after buying an additional 1,401 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of 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 valued at $108,000 after buying an additional 748 shares during the last quarter. BlackRock Advisors LLC raised its stake in shares of REX American Resources Corp. by 3.5% in the second quarter. BlackRock Advisors LLC now owns 2,838 shares of the company’s stock valued at $170,000 after buying an additional 96 shares during the last quarter. Smith Asset Management Group LP raised its stake in shares of 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 valued at $305,000 after buying an additional 1,970 shares during the last quarter. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of REX American Resources Corp. during the second quarter valued at about $329,000. Institutional investors own 95.28% of the company’s stock.

Separately, Feltl & Co. initiated coverage on shares of REX American Resources Corp. in a research report on Thursday, September 15th. They set a “buy” rating and a $94.50 price objective for the company.

REX American Resources Corp. Company Profile

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