Teck Resources Ltd (NYSE:TECK) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC decreased its holdings in Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK by 18.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,602 shares of the basic materials company's stock after selling 22,551 shares during the period. Alpine Woods Capital Investors LLC's holdings in Teck Resources were worth $3,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC grew its stake in shares of Teck Resources by 5.6% in the first quarter. Sequoia Financial Advisors LLC now owns 10,354 shares of the basic materials company's stock worth $377,000 after acquiring an additional 545 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Teck Resources by 7,560.0% in the first quarter. Golden State Wealth Management LLC now owns 1,149 shares of the basic materials company's stock worth $42,000 after acquiring an additional 1,134 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Teck Resources by 102.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 309,987 shares of the basic materials company's stock worth $12,563,000 after acquiring an additional 156,980 shares in the last quarter. Cetera Investment Advisers grew 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 worth $2,342,000 after purchasing an additional 9,887 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Teck Resources by 22.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 12,141 shares of the basic materials company's stock worth $442,000 after purchasing an additional 2,240 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company's stock.

Analyst Ratings Changes

TECK has been the subject of a number of analyst reports. National Bankshares upgraded shares of Teck Resources from a "sector perform" rating to an "outperform" rating in a research note on Thursday, April 24th. UBS Group restated a "neutral" rating on shares of Teck Resources in a research note on Tuesday, April 15th. National Bank Financial upgraded shares of Teck Resources from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 24th. Stifel Canada upgraded shares of Teck Resources to a "hold" rating in a research note on Tuesday. Finally, BMO Capital Markets started coverage on shares of Teck Resources in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $65.25.

Teck Resources Price Performance

TECK traded up $0.30 on Thursday, hitting $38.74. 5,157,727 shares of the company were exchanged, compared to its average volume of 3,254,352. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.57 and a current ratio of 3.36. The business's fifty day moving average is $37.78 and its 200 day moving average is $38.87. Teck Resources Ltd has a fifty-two week low of $28.32 and a fifty-two week high of $54.13. The firm has a market capitalization of $18.71 billion, a P/E ratio of 66.80, a price-to-earnings-growth ratio of 0.59 and a beta of 0.80.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its earnings results on Thursday, April 24th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.18. Teck Resources had a net margin of 3.48% and a return on equity of 4.53%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the business posted $0.75 earnings per share. The firm's revenue for the quarter was up 41.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teck Resources Ltd will post 1.53 EPS for the current year.

Teck Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $0.0901 dividend. The ex-dividend date was Monday, June 16th. This is a positive change from Teck Resources's previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 0.93%. Teck Resources's dividend payout ratio is currently 62.07%.

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.