UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 18,107 Shares of Valaris Limited (NYSE:VAL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Valaris Limited (NYSE:VAL - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,399 shares of the company's stock after purchasing an additional 18,107 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Valaris worth $6,344,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quarry LP boosted its stake in Valaris by 51.7% during the fourth quarter. Quarry LP now owns 684 shares of the company's stock worth $30,000 after buying an additional 233 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Valaris by 518.3% during the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock worth $33,000 after acquiring an additional 622 shares during the period. Signaturefd LLC boosted its position in shares of Valaris by 395.0% during the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company's stock valued at $65,000 after acquiring an additional 1,177 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after acquiring an additional 511 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Valaris by 326.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock valued at $83,000 after acquiring an additional 1,435 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Price Performance

Shares of VAL traded down $0.53 on Wednesday, hitting $39.95. The company's stock had a trading volume of 1,606,491 shares, compared to its average volume of 1,569,359. The company has a market capitalization of $2.84 billion, a PE ratio of 7.77 and a beta of 1.09. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $84.20. The company has a 50 day moving average price of $35.14 and a 200 day moving average price of $40.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $620.70 million during the quarter, compared to the consensus estimate of $582.87 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. On average, research analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VAL has been the subject of a number of analyst reports. Evercore ISI cut their price target on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Susquehanna cut their target price on Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Barclays upped 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 dropped their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Finally, Wall Street Zen upgraded shares of Valaris to a "sell" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, Valaris currently has an average rating of "Hold" and an average price target of $49.17.

About Valaris

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.