Rio Tinto PLC (NYSE:RIO) Holdings Raised by Cerity Partners LLC

Cerity Partners LLC grew its position in shares of Rio Tinto PLC (NYSE:RIO - Free Report) by 35.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,984 shares of the mining company's stock after buying an additional 19,875 shares during the quarter. Cerity Partners LLC's holdings in Rio Tinto were worth $4,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. boosted its position in Rio Tinto by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 5,115,476 shares of the mining company's stock valued at $300,841,000 after purchasing an additional 70,131 shares during the last quarter. FMR LLC boosted its holdings in shares of Rio Tinto by 24.6% during the 4th quarter. FMR LLC now owns 1,721,690 shares of the mining company's stock valued at $101,253,000 after acquiring an additional 339,924 shares in the last quarter. Northern Trust Corp lifted its holdings in Rio Tinto by 18.9% during the 4th quarter. Northern Trust Corp now owns 1,603,037 shares of the mining company's stock worth $94,275,000 after buying an additional 255,151 shares during the period. Deutsche Bank AG raised its position in shares of Rio Tinto by 143,872.8% in the 4th quarter. Deutsche Bank AG now owns 1,264,081 shares of the mining company's stock worth $74,341,000 after acquiring an additional 1,263,203 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Rio Tinto in the 4th quarter valued at about $40,032,000. 19.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RIO has been the topic of a number of analyst reports. Jefferies Financial Group reissued a "hold" rating on shares of Rio Tinto in a report on Tuesday, June 3rd. Morgan Stanley reiterated an "overweight" rating on shares of Rio Tinto in a research note on Monday. Wall Street Zen downgraded shares of Rio Tinto from a "strong-buy" rating to a "buy" rating in a report on Monday, April 28th. Barclays reissued an "overweight" rating on shares of Rio Tinto in a research report on Wednesday, July 2nd. Finally, Berenberg Bank restated a "hold" rating on shares of Rio Tinto in a research note on Thursday, July 3rd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Rio Tinto presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.

Rio Tinto Price Performance

NYSE:RIO opened at $60.03 on Friday. The business's 50-day moving average price is $59.49 and its 200 day moving average price is $60.07. The firm has a market cap of $75.27 billion, a P/E ratio of 9.31 and a beta of 0.66. Rio Tinto PLC has a 52-week low of $51.67 and a 52-week high of $72.08. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 0.23.

Rio Tinto Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.

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