Quattro Financial Advisors LLC Buys 9,150 Shares of Teck Resources Ltd (NYSE:TECK)

Quattro Financial Advisors LLC grew its stake in shares of Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK by 33.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,770 shares of the basic materials company's stock after acquiring an additional 9,150 shares during the period. Quattro Financial Advisors LLC's holdings in Teck Resources were worth $1,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. 44 Wealth Management LLC grew its holdings in shares of Teck Resources by 16.6% during the 1st quarter. 44 Wealth Management LLC now owns 8,939 shares of the basic materials company's stock valued at $326,000 after acquiring an additional 1,274 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Teck Resources by 56.9% during the 1st quarter. Principal Financial Group Inc. now owns 11,530,742 shares of the basic materials company's stock valued at $419,970,000 after acquiring an additional 4,180,623 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Teck Resources by 0.5% during the 1st quarter. Vontobel Holding Ltd. now owns 88,303 shares of the basic materials company's stock valued at $3,217,000 after acquiring an additional 400 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Teck Resources by 1.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 53,616 shares of the basic materials company's stock valued at $1,953,000 after acquiring an additional 535 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Teck Resources by 5.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 10,354 shares of the basic materials company's stock valued at $377,000 after acquiring an additional 545 shares in the last quarter. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

Teck Resources Price Performance

NYSE:TECK traded down $0.34 during mid-day trading on Friday, hitting $41.38. The company's stock had a trading volume of 1,868,426 shares, compared to its average volume of 3,211,889. Teck Resources Ltd has a fifty-two week low of $28.32 and a fifty-two week high of $54.13. The company has a current ratio of 3.36, a quick ratio of 2.57 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $20.11 billion, a price-to-earnings ratio of 71.34, a P/E/G ratio of 0.62 and a beta of 0.80. The stock has a fifty day moving average of $37.51 and a 200-day moving average of $38.87.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping 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 3.48% and a return on equity of 4.53%. The company's quarterly revenue was up 41.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 earnings per share. As a group, equities analysts forecast that Teck Resources Ltd will post 1.53 EPS for the current fiscal year.

Teck Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.0901 per share. This represents a $0.36 annualized dividend and a yield of 0.87%. This is a boost from Teck Resources's previous quarterly dividend of $0.09. The ex-dividend date was Monday, June 16th. Teck Resources's dividend payout ratio is currently 62.07%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TECK shares. Desjardins started coverage on shares of Teck Resources in a report on Friday, April 4th. They issued a "buy" rating for the company. National Bank Financial upgraded shares of Teck Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. UBS Group reiterated a "neutral" rating on shares of Teck Resources in a report on Tuesday, April 15th. National Bankshares upgraded shares of Teck Resources from a "sector perform" rating to an "outperform" rating in a report on Thursday, April 24th. Finally, BMO Capital Markets started coverage on shares of Teck Resources in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $64.63.

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.