Janus Henderson Group PLC Has $321.64 Million Stake in Teck Resources Limited (NYSE:TECK)

Janus Henderson Group PLC cut its holdings in shares of Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,937,103 shares of the basic materials company's stock after selling 226,365 shares during the period. Janus Henderson Group PLC owned 1.59% of Teck Resources worth $321,635,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Teck Resources in the 3rd quarter valued at $40,000. Franklin Resources Inc. increased its position in shares of Teck Resources by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 324,870 shares of the basic materials company's stock valued at $16,724,000 after acquiring an additional 33,235 shares during the period. FNY Investment Advisers LLC increased its position in shares of Teck Resources by 709.5% in the 4th quarter. FNY Investment Advisers LLC now owns 17,000 shares of the basic materials company's stock valued at $689,000 after acquiring an additional 14,900 shares during the period. Leibman Financial Services Inc. increased its position in shares of Teck Resources by 1.3% in the 4th quarter. Leibman Financial Services Inc. now owns 98,025 shares of the basic materials company's stock valued at $3,973,000 after acquiring an additional 1,275 shares during the period. Finally, Park Avenue Securities LLC increased its position in shares of Teck Resources by 5.7% in the 4th quarter. Park Avenue Securities LLC now owns 8,960 shares of the basic materials company's stock valued at $363,000 after acquiring an additional 486 shares during the period. 78.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Teck Resources from $50.00 to $41.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. BMO Capital Markets assumed coverage on shares of Teck Resources in a report on Wednesday, April 16th. They set an "outperform" rating for the company. National Bankshares upgraded shares of Teck Resources from a "sector perform" rating to an "outperform" rating in a report on Thursday, April 24th. Veritas raised shares of Teck Resources to a "hold" rating in a research report on Friday, April 11th. Finally, Desjardins assumed coverage on shares of Teck Resources in a research report on Friday, April 4th. They issued a "buy" rating for the company. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Teck Resources currently has a consensus rating of "Moderate Buy" and an average price target of $64.11.

Teck Resources Price Performance

TECK stock traded down $0.92 during trading on Wednesday, hitting $37.05. 3,424,730 shares of the stock traded hands, compared to its average volume of 3,149,867. Teck Resources Limited has a one year low of $28.32 and a one year high of $55.13. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 67.36 and a beta of 0.79. The company has a 50 day simple moving average of $36.17 and a 200 day simple moving average of $40.98. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.24 by $0.18. The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $2.19 billion. Teck Resources had a net margin of 2.96% and a return on equity of 4.59%. Teck Resources's revenue was up 41.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 EPS. Equities analysts expect that Teck Resources Limited will post 1.53 EPS for the current fiscal year.

Teck Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.0901 per share. This is a positive change from Teck Resources's previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, June 16th. Teck Resources's dividend payout ratio is 58.62%.

Teck Resources Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.