Boston Partners Sells 96,818 Shares of OPAL Fuels Inc. (NASDAQ:OPAL)

Boston Partners trimmed its holdings in shares of OPAL Fuels Inc. (NASDAQ:OPAL) by 40.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,598 shares of the company’s stock after selling 96,818 shares during the period. Boston Partners’ holdings in OPAL Fuels were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its holdings in OPAL Fuels by 69.3% during the 3rd quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock worth $351,000 after acquiring an additional 39,325 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of OPAL Fuels by 19.1% in the 3rd quarter. Geode Capital Management LLC now owns 257,549 shares of the company’s stock valued at $940,000 after buying an additional 41,250 shares in the last quarter. Levin Capital Strategies L.P. boosted its holdings in shares of OPAL Fuels by 250.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock valued at $119,000 after buying an additional 25,000 shares in the last quarter. Yaupon Capital Management LP boosted its holdings in shares of OPAL Fuels by 17.0% in the 3rd quarter. Yaupon Capital Management LP now owns 700,054 shares of the company’s stock valued at $2,555,000 after buying an additional 101,955 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of OPAL Fuels by 83.5% in the 3rd quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock valued at $79,000 after buying an additional 9,885 shares in the last quarter. 12.16% of the stock is currently owned by institutional investors.

OPAL Fuels Price Performance

NASDAQ:OPAL opened at $1.90 on Friday. The firm has a market cap of $328.38 million, a price-to-earnings ratio of 10.56 and a beta of 0.56. The company has a 50 day moving average price of $2.78 and a 200-day moving average price of $3.31. OPAL Fuels Inc. has a 1-year low of $1.87 and a 1-year high of $5.18.

OPAL Fuels (NASDAQ:OPAL) last posted its earnings results on Thursday, March 13th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.49). The firm had revenue of $80.02 million for the quarter, compared to analysts’ expectations of $90.94 million. OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. On average, sell-side analysts anticipate that OPAL Fuels Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of OPAL Fuels from $3.40 to $2.00 and set a “sell” rating on the stock in a report on Tuesday, March 18th. UBS Group decreased their price objective on shares of OPAL Fuels from $7.00 to $3.50 and set a “buy” rating for the company in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.70.

OPAL Fuels Profile

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.