Teck Resources Limited (NYSE:TECK) Stake Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 88.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,391 shares of the basic materials company's stock after buying an additional 13,757 shares during the quarter. Quantinno Capital Management LP's holdings in Teck Resources were worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TECK. Vanguard Group Inc. increased its stake in Teck Resources by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 19,316,132 shares of the basic materials company's stock worth $783,153,000 after acquiring an additional 58,985 shares during the last quarter. Amundi lifted its position in Teck Resources by 5.6% during the fourth quarter. Amundi now owns 14,949,233 shares of the basic materials company's stock valued at $619,765,000 after buying an additional 791,725 shares in the last quarter. Norges Bank purchased a new stake in Teck Resources during the fourth quarter worth approximately $470,101,000. Invesco Ltd. increased its position in shares of Teck Resources by 4.7% in the fourth quarter. Invesco Ltd. now owns 7,711,727 shares of the basic materials company's stock worth $312,556,000 after acquiring an additional 347,235 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Teck Resources by 2.0% in the 4th quarter. CIBC Asset Management Inc now owns 6,623,228 shares of the basic materials company's stock valued at $269,956,000 after acquiring an additional 127,348 shares during the period. 78.06% of the stock is owned by institutional investors and hedge funds.

Teck Resources Stock Performance

Shares of NYSE TECK traded down $0.57 during trading on Wednesday, reaching $37.29. The stock had a trading volume of 771,165 shares, compared to its average volume of 3,143,131. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.92. The stock has a market cap of $18.38 billion, a PE ratio of 67.88 and a beta of 0.79. Teck Resources Limited has a one year low of $28.32 and a one year high of $54.13. The firm's 50 day moving average price is $35.32 and its two-hundred day moving average price is $40.19.

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

Teck Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.0901 per share. This is a positive change from Teck Resources's previous quarterly dividend of $0.09. The ex-dividend date is Monday, June 16th. This represents a $0.36 annualized dividend and a yield of 0.97%. Teck Resources's dividend payout ratio is 58.62%.

Wall Street Analyst Weigh In

TECK has been the subject of several recent research reports. UBS Group reaffirmed a "neutral" rating on shares of Teck Resources in a research report on Tuesday, April 15th. Desjardins started coverage on shares of Teck Resources in a report on Friday, April 4th. They set a "buy" rating for the company. National Bankshares upgraded shares of Teck Resources from a "sector perform" rating to an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price objective on shares of Teck Resources from $50.00 to $41.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Veritas raised Teck Resources to a "hold" rating in a research report on Friday, April 11th. Six equities research 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $64.11.

Teck Resources Company 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.