D. E. Shaw & Co. Inc. Has $238.38 Million Stock Holdings in Teck Resources Limited (NYSE:TECK)

D. E. Shaw & Co. Inc. raised its stake in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,882,044 shares of the basic materials company's stock after acquiring an additional 932,058 shares during the period. D. E. Shaw & Co. Inc. owned about 1.18% of Teck Resources worth $238,381,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Drummond Knight Asset Management Pty Ltd bought a new stake in shares of Teck Resources during the fourth quarter worth $19,252,000. CoreCommodity Management LLC lifted its stake in shares of Teck Resources by 883.9% during the fourth quarter. CoreCommodity Management LLC now owns 120,631 shares of the basic materials company's stock valued at $4,889,000 after acquiring an additional 108,371 shares during the period. Cetera Investment Advisers lifted its stake in shares of Teck Resources by 20.6% during the fourth quarter. Cetera Investment Advisers now owns 57,793 shares of the basic materials company's stock valued at $2,342,000 after acquiring an additional 9,887 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Teck Resources by 21.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,046,803 shares of the basic materials company's stock valued at $42,427,000 after acquiring an additional 187,489 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in shares of Teck Resources during the fourth quarter valued at $3,216,000. 78.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Bank of America upped their price target on Teck Resources from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Monday, March 10th. National Bank Financial upgraded Teck Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on Teck Resources from $50.00 to $41.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. UBS Group restated a "neutral" rating on shares of Teck Resources in a report on Tuesday, April 15th. Finally, Desjardins began coverage on Teck Resources in a report on Friday, April 4th. They set a "buy" rating on the stock. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $64.11.

Teck Resources Stock Performance

Shares of NYSE TECK traded up $2.03 during midday trading on Monday, hitting $37.76. 6,274,628 shares of the company's stock were exchanged, compared to its average volume of 3,139,252. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. Teck Resources Limited has a 12 month low of $28.32 and a 12 month high of $55.13. The company's 50 day moving average price is $36.36 and its 200 day moving average price is $41.10. The firm has a market capitalization of $18.60 billion, a PE ratio of 68.65 and a beta of 0.79.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last released its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.18. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $2.19 billion. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%. The firm's quarterly revenue was up 41.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. As a group, analysts predict that Teck Resources Limited will post 1.53 earnings per share for the current fiscal year.

Teck Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.0901 dividend. The ex-dividend date is Monday, June 16th. This is an increase from Teck Resources's previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 0.95%. Teck Resources's payout ratio is 58.62%.

Teck Resources Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.