Stanley Laman Group Ltd. Has $4.58 Million Position in Valaris Limited (NYSE:VAL)

Stanley Laman Group Ltd. increased its position in shares of Valaris Limited (NYSE:VAL - Free Report) by 40.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,560 shares of the company's stock after purchasing an additional 33,850 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.16% of Valaris worth $4,576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after acquiring an additional 511 shares during the last quarter. Meixler Investment Management Ltd. increased its stake in Valaris by 26.0% in the fourth quarter. Meixler Investment Management Ltd. now owns 54,729 shares of the company's stock valued at $2,421,000 after purchasing an additional 11,278 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Valaris by 44.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 45,231 shares of the company's stock worth $2,001,000 after buying an additional 13,840 shares during the period. Kestra Investment Management LLC lifted its holdings in shares of Valaris by 121.0% during the 4th quarter. Kestra Investment Management LLC now owns 11,684 shares of the company's stock valued at $517,000 after purchasing an additional 6,398 shares in the last quarter. Finally, Hara Capital LLC lifted its stake in Valaris by 65.1% in the fourth quarter. Hara Capital LLC now owns 94,193 shares of the company's stock valued at $4,167,000 after buying an additional 37,158 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VAL shares. Susquehanna reduced their price objective on Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Wall Street Zen upgraded Valaris to a "sell" rating in a research note on Tuesday, May 13th. Evercore ISI dropped their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Citigroup cut their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, Barclays boosted their target price on shares of Valaris from $35.00 to $37.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $49.17.

Valaris Stock Performance

Shares of NYSE VAL traded up $0.96 during midday trading on Friday, hitting $46.56. 1,870,920 shares of the company's stock were exchanged, compared to its average volume of 1,596,672. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $3.31 billion, a PE ratio of 9.06 and a beta of 1.13. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $84.20. The company's 50 day moving average price is $36.06 and its 200 day moving average price is $40.46.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of $1.10 by ($1.63). The company had revenue of $620.70 million during the quarter, compared to analyst estimates of $582.87 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. As a group, analysts predict that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Valaris Profile

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.