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

Boston Partners decreased its stake in shares of OPAL Fuels Inc. (NASDAQ:OPAL) by 40.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 144,598 shares of the company’s stock after selling 96,818 shares during the quarter. Boston Partners owned about 0.08% of OPAL Fuels worth $490,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP raised its stake in OPAL Fuels by 69.3% during the third quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock valued at $351,000 after purchasing an additional 39,325 shares in the last quarter. Geode Capital Management LLC raised its stake in OPAL Fuels by 19.1% during the third quarter. Geode Capital Management LLC now owns 257,549 shares of the company’s stock valued at $940,000 after purchasing an additional 41,250 shares in the last quarter. Levin Capital Strategies L.P. raised its stake in OPAL Fuels by 250.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock valued at $119,000 after purchasing an additional 25,000 shares in the last quarter. Yaupon Capital Management LP raised its stake in OPAL Fuels by 17.0% during the third quarter. Yaupon Capital Management LP now owns 700,054 shares of the company’s stock valued at $2,555,000 after purchasing an additional 101,955 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in OPAL Fuels by 83.5% during the third quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock valued at $79,000 after purchasing an additional 9,885 shares in the last quarter. Hedge funds and other institutional investors own 12.16% of the company’s stock.

OPAL Fuels Trading Down 3.6 %

Shares of OPAL opened at $1.90 on Friday. OPAL Fuels Inc. has a twelve month low of $1.87 and a twelve month high of $5.18. The company has a market cap of $328.38 million, a P/E ratio of 10.56 and a beta of 0.56. The company’s fifty day simple moving average is $2.78 and its 200-day simple moving average is $3.31.

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

Analyst Ratings Changes

A number of research firms recently issued reports on OPAL. The Goldman Sachs Group decreased their price target on shares of OPAL Fuels from $3.40 to $2.00 and set a “sell” rating on the stock in a research note on Tuesday, March 18th. UBS Group reduced their target price on shares of OPAL Fuels from $7.00 to $3.50 and set a “buy” rating on the stock in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, OPAL Fuels presently has a consensus rating of “Hold” and an average price target of $5.70.

About OPAL Fuels

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.