Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Rio Tinto PLC (NYSE:RIO - Free Report) by 21.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,126,445 shares of the mining company's stock after purchasing an additional 199,962 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.09% of Rio Tinto worth $74,357,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its position in shares of Rio Tinto by 62.2% in the third quarter. Salomon & Ludwin LLC now owns 472 shares of the mining company's stock worth $31,000 after buying an additional 181 shares during the period. Root Financial Partners LLC acquired a new position in Rio Tinto during the 3rd quarter worth approximately $36,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Rio Tinto during the 2nd quarter worth approximately $38,000. MTM Investment Management LLC purchased a new position in Rio Tinto in the 2nd quarter worth approximately $43,000. Finally, Wealth Preservation Advisors LLC purchased a new position in Rio Tinto in the 2nd quarter worth approximately $53,000. 19.33% of the stock is owned by hedge funds and other institutional investors.
Rio Tinto Trading Down 3.6%
RIO stock opened at $90.03 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $91.22 and a 200-day simple moving average of $76.72. Rio Tinto PLC has a twelve month low of $51.67 and a twelve month high of $101.53.
Rio Tinto Announces Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, April 16th. Shareholders of record on Friday, March 6th will be paid a dividend of $2.54 per share. This represents a yield of 564.0%. The ex-dividend date is Friday, March 6th.
Trending Headlines about Rio Tinto
Here are the key news stories impacting Rio Tinto this week:
Analyst Ratings Changes
A number of analysts have recently issued reports on RIO shares. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Rio Tinto in a research note on Thursday, January 22nd. DZ Bank downgraded shares of Rio Tinto from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. Zacks Research raised shares of Rio Tinto from a "hold" rating to a "strong-buy" rating in a report on Monday, December 29th. Citigroup upgraded shares of Rio Tinto to a "hold" rating in a report on Tuesday, February 10th. Finally, HSBC downgraded Rio Tinto from a "buy" rating to a "hold" rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $85.00.
Read Our Latest Stock Analysis on RIO
Rio Tinto Profile
(
Free Report)
Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company's activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.
The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.
Recommended Stories
Want to see what other hedge funds are holding RIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rio Tinto PLC (NYSE:RIO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rio Tinto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rio Tinto wasn't on the list.
While Rio Tinto currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.