Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 40,500 Valaris Limited (NYSE:VAL)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Valaris Limited (NYSE:VAL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 40,500 shares of the company's stock, valued at approximately $1,590,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Valaris at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Valaris by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,454,159 shares of the company's stock worth $285,532,000 after buying an additional 23,509 shares during the last quarter. Condire Management LP lifted its position in Valaris by 34.1% during the fourth quarter. Condire Management LP now owns 2,618,678 shares of the company's stock worth $115,850,000 after acquiring an additional 665,718 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Valaris by 55.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,577 shares of the company's stock worth $101,771,000 after acquiring an additional 821,304 shares during the last quarter. Waverton Investment Management Ltd grew its position in shares of Valaris by 49.7% in the first quarter. Waverton Investment Management Ltd now owns 1,131,601 shares of the company's stock valued at $44,455,000 after purchasing an additional 375,466 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Valaris by 12.1% during the fourth quarter. Northern Trust Corp now owns 818,461 shares of the company's stock worth $36,209,000 after purchasing an additional 88,160 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Trading Down 0.1%

VAL opened at $48.66 on Friday. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 12.67 and a beta of 1.15. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.49. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $84.20. The company has a 50-day simple moving average of $44.87 and a 200 day simple moving average of $41.12.

Valaris (NYSE:VAL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.16 by $0.45. The company had revenue of $615.20 million during the quarter, compared to analysts' expectations of $582.70 million. Valaris had a net margin of 11.18% and a return on equity of 12.56%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.03 EPS. Analysts predict that Valaris Limited will post 3.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays boosted their price target on Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Citigroup reissued a "neutral" rating and issued a $50.00 target price (up previously from $47.00) on shares of Valaris in a research report on Thursday, July 10th. Evercore ISI decreased their price target on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. BTIG Research reiterated a "buy" rating on shares of Valaris in a research note on Monday, July 14th. Finally, Susquehanna boosted their price objective on shares of Valaris from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $52.50.

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.

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