Aquatic Capital Management LLC Takes Position in Relx Plc (NYSE:RELX)

Aquatic Capital Management LLC acquired a new stake in Relx Plc (NYSE:RELX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 43,999 shares of the technology company's stock, valued at approximately $1,998,000.

Other institutional investors also recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in Relx in the 3rd quarter valued at $223,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Relx during the third quarter valued at approximately $125,000. Peapack Gladstone Financial Corp boosted its holdings in shares of Relx by 5.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company's stock worth $234,000 after buying an additional 267 shares during the last quarter. Franklin Resources Inc. grew its position in Relx by 3.3% during the third quarter. Franklin Resources Inc. now owns 18,429 shares of the technology company's stock valued at $873,000 after buying an additional 588 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Relx by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company's stock worth $39,225,000 after buying an additional 104,999 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on RELX. The Goldman Sachs Group began coverage on shares of Relx in a research note on Wednesday, March 26th. They issued a "buy" rating on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. Redburn Atlantic assumed coverage on Relx in a research report on Wednesday, January 8th. They issued a "buy" rating for the company. Barclays raised Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. Finally, StockNews.com downgraded Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Relx Stock Performance

Shares of Relx stock traded up $0.92 during trading hours on Friday, reaching $55.00. The company had a trading volume of 1,144,162 shares, compared to its average volume of 708,516. The firm has a market cap of $101.79 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. Relx Plc has a one year low of $41.94 and a one year high of $55.08. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The business has a fifty day simple moving average of $49.97 and a 200 day simple moving average of $48.47.

Relx Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be paid a dividend of $0.5586 per share. This is a positive change from Relx's previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 1.6%. Relx's dividend payout ratio (DPR) is currently 59.68%.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.