ANTIPODES PARTNERS Ltd Decreases Stake in Teck Resources Limited (NYSE:TECK)

ANTIPODES PARTNERS Ltd lessened its position in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 26.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,904,811 shares of the basic materials company's stock after selling 694,055 shares during the period. Teck Resources comprises 2.5% of ANTIPODES PARTNERS Ltd's portfolio, making the stock its 19th largest holding. ANTIPODES PARTNERS Ltd owned about 0.37% of Teck Resources worth $80,516,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Douglas Lane & Associates LLC lifted its position in Teck Resources by 54.3% during the fourth quarter. Douglas Lane & Associates LLC now owns 663,366 shares of the basic materials company's stock valued at $28,040,000 after purchasing an additional 233,361 shares during the period. Pantechnicon Advisors LLP lifted its position in Teck Resources by 40.1% during the third quarter. Pantechnicon Advisors LLP now owns 465,000 shares of the basic materials company's stock valued at $20,037,000 after purchasing an additional 133,000 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Teck Resources by 29.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,303,700 shares of the basic materials company's stock valued at $56,372,000 after purchasing an additional 295,700 shares during the period. Schechter Investment Advisors LLC raised its position in Teck Resources by 17.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 11,113 shares of the basic materials company's stock worth $470,000 after acquiring an additional 1,670 shares during the period. Finally, Hsbc Holdings PLC raised its position in Teck Resources by 7.1% in the third quarter. Hsbc Holdings PLC now owns 306,056 shares of the basic materials company's stock worth $13,181,000 after acquiring an additional 20,283 shares during the period. Institutional investors own 78.06% of the company's stock.

Teck Resources Price Performance

TECK traded down $0.20 during trading on Friday, hitting $46.72. 3,779,099 shares of the company traded hands, compared to its average volume of 3,885,342. The company has a market cap of $23.85 billion, a PE ratio of 13.62, a P/E/G ratio of 5.77 and a beta of 1.15. The stock's 50-day simple moving average is $41.25 and its two-hundred day simple moving average is $39.71. Teck Resources Limited has a 1 year low of $34.38 and a 1 year high of $49.34. The company has a current ratio of 1.10, a quick ratio of 0.60 and a debt-to-equity ratio of 0.21.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last posted its earnings results on Thursday, February 22nd. The basic materials company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01. The company had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.11 billion. Teck Resources had a net margin of 16.21% and a return on equity of 9.67%. As a group, sell-side analysts anticipate that Teck Resources Limited will post 4 earnings per share for the current fiscal year.

Teck Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.0925 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.37 annualized dividend and a yield of 0.79%. Teck Resources's payout ratio is 10.79%.

Analyst Upgrades and Downgrades

TECK has been the topic of several recent research reports. UBS Group initiated coverage on shares of Teck Resources in a research report on Tuesday, January 16th. They issued a "buy" rating on the stock. StockNews.com initiated coverage on shares of Teck Resources in a research report on Monday, December 11th. They issued a "hold" rating on the stock. Benchmark reiterated a "buy" rating and issued a $50.00 price target on shares of Teck Resources in a research report on Monday, January 22nd. Finally, Morgan Stanley decreased their price target on shares of Teck Resources from $45.00 to $44.00 and set an "overweight" rating on the stock in a research report on Monday, February 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Teck Resources has a consensus rating of "Moderate Buy" and an average target price of $64.13.

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.