Janus Henderson Group PLC Boosts Position in Valaris Limited $VAL

Key Points

• Janus Henderson increased its Valaris position by 103.4% in the first quarter, owning 55,868 shares valued at approximately $5.48 million. Institutional investors collectively hold 96.74% of the company.
• Valaris reported quarterly EPS of $0.72, beating estimates of $0.31, while revenue of $539.2 million also exceeded expectations; however, revenue declined 12.4% year over year.
• Analyst sentiment remains cautious, with eight Hold ratings and one Sell rating, an average “Reduce” recommendation, and a consensus price target of $60.31 versus the stock’s reported $77.42 price.

Janus Henderson Group PLC raised its position in Valaris Limited (NYSE:VAL - Free Report) by 103.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 55,868 shares of the company's stock after purchasing an additional 28,400 shares during the period. Janus Henderson Group PLC owned about 0.08% of Valaris worth $5,481,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Amundi acquired a new position in shares of Valaris during the 1st quarter worth $787,000. California State Teachers Retirement System grew its stake in Valaris by 23.1% in the 1st quarter. California State Teachers Retirement System now owns 74,181 shares of the company's stock valued at $7,273,000 after acquiring an additional 13,897 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Valaris by 7.1% during the 1st quarter. Quantinno Capital Management LP now owns 13,589 shares of the company's stock valued at $1,332,000 after acquiring an additional 901 shares in the last quarter. Whitebox Advisors LLC purchased a new position in Valaris during the 1st quarter valued at about $57,249,000. Finally, Polar Asset Management Partners Inc. acquired a new position in Valaris during the first quarter worth about $1,961,000. Hedge funds and other institutional investors own 96.74% of the company's stock.

Valaris Stock Up 0.6%

Shares of NYSE:VAL opened at $77.42 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $5.36 billion, a P/E ratio of 5.78 and a beta of 0.94. Valaris Limited has a 52-week low of $43.53 and a 52-week high of $114.12. The stock's fifty day simple moving average is $80.36 and its 200-day simple moving average is $86.15.

Valaris (NYSE:VAL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.41. Valaris had a return on equity of 9.48% and a net margin of 43.95%.The firm had revenue of $539.20 million during the quarter, compared to analysts' expectations of $488.52 million. During the same quarter last year, the business posted $1.61 EPS. The firm's quarterly revenue was down 12.4% compared to the same quarter last year. As a group, equities research analysts forecast that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VAL has been the topic of several recent research reports. Susquehanna reduced their price target on shares of Valaris from $98.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, July 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Valaris in a research note on Monday. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $60.31.

Valaris Profile

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.

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