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% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,399 shares of the company's stock after buying an additional 18,107 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Valaris worth $6,344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VAL. Quarry LP lifted its position in Valaris by 51.7% during the 4th quarter. Quarry LP now owns 684 shares of the company's stock worth $30,000 after acquiring an additional 233 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Valaris by 1.3% in the fourth quarter. Arizona State Retirement System now owns 19,002 shares of the company's stock worth $841,000 after purchasing an additional 237 shares during the period. Xponance Inc. lifted its position in shares of Valaris by 5.5% during the 4th quarter. Xponance Inc. now owns 9,273 shares of the company's stock worth $410,000 after purchasing an additional 487 shares during the last quarter. State of Michigan Retirement System boosted its stake in Valaris by 3.3% during the 4th quarter. State of Michigan Retirement System now owns 15,500 shares of the company's stock valued at $686,000 after purchasing an additional 500 shares during the period. Finally, Blue Trust Inc. boosted its stake in 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 purchasing an additional 511 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Stock Performance

Shares of VAL traded up $2.19 on Friday, reaching $41.66. 1,899,930 shares of the stock traded hands, compared to its average volume of 1,579,834. The stock's 50-day moving average price is $35.18 and its 200-day moving average price is $40.54. 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 firm has a market cap of $2.96 billion, a price-to-earnings ratio of 8.11 and a beta of 1.13. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $84.20.

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

Analyst Upgrades and Downgrades

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

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.