Stanley Laman Group Ltd. raised its stake in Valaris Limited (NYSE:VAL - Free Report) by 40.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,560 shares of the company's stock after acquiring an additional 33,850 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.16% of Valaris worth $4,576,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC raised its stake in Valaris by 173.1% in the 1st quarter. SG Americas Securities LLC now owns 10,507 shares of the company's stock valued at $413,000 after acquiring an additional 6,660 shares during the period. GAMMA Investing LLC raised its position in shares of Valaris by 1,027.5% in the first quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock valued at $53,000 after purchasing an additional 1,233 shares during the period. UMB Bank n.a. purchased a new stake in shares of Valaris during the 1st quarter valued at approximately $44,000. Fermata Advisors LLC lifted its stake in shares of Valaris by 19.9% during the 1st quarter. Fermata Advisors LLC now owns 5,632 shares of the company's stock valued at $221,000 after buying an additional 936 shares in the last quarter. Finally, NBC Securities Inc. boosted its holdings in Valaris by 124,309.1% in the 1st quarter. NBC Securities Inc. now owns 13,685 shares of the company's stock worth $537,000 after buying an additional 13,674 shares during the period. 96.74% of the stock is owned by institutional investors.
Analysts Set New Price Targets
VAL has been the topic of several recent research reports. Evercore ISI dropped their target price on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Barclays lifted their price target on Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Citigroup decreased their price target on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Wall Street Zen raised Valaris to a "sell" rating in a research note on Tuesday, May 13th. Finally, Susquehanna decreased their price target on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Two equities research 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 has an average rating of "Hold" and an average price target of $49.17.
Read Our Latest Analysis on Valaris
Valaris Trading Up 0.8%
NYSE:VAL traded up $0.36 during trading hours on Monday, hitting $46.87. The company had a trading volume of 1,626,660 shares, compared to its average volume of 1,893,354. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. The stock has a 50-day moving average price of $36.41 and a 200 day moving average price of $40.39. The company has a market capitalization of $3.33 billion, a PE ratio of 9.12 and a beta of 1.13. Valaris Limited has a 52 week low of $27.15 and a 52 week high of $84.20.
Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($1.63). Valaris had a net margin of 15.81% and a return on equity of 17.40%. The company had revenue of $620.70 million for the quarter, compared to analysts' expectations of $582.87 million. The company's quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Valaris Limited will post 3.96 EPS for the current fiscal year.
Valaris Company Profile
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Free Report)
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.
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