Vontobel Holding Ltd. lessened its position in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,060 shares of the basic materials company's stock after selling 55,479 shares during the quarter. Vontobel Holding Ltd. owned 0.06% of Teck Resources worth $13,149,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in TECK. Money Concepts Capital Corp purchased a new stake in Teck Resources in the 4th quarter worth approximately $29,000. Baystate Wealth Management LLC bought a new stake in shares of Teck Resources during the 3rd quarter valued at about $31,000. JFS Wealth Advisors LLC raised its position in Teck Resources by 249.0% in the third quarter. JFS Wealth Advisors LLC now owns 841 shares of the basic materials company's stock worth $36,000 after acquiring an additional 600 shares during the period. Achmea Investment Management B.V. bought a new position in shares of Teck Resources in the first quarter worth about $37,000. Finally, Belpointe Asset Management LLC lifted its stake in shares of Teck Resources by 263.4% during the 1st quarter. Belpointe Asset Management LLC now owns 1,381 shares of the basic materials company's stock valued at $50,000 after buying an additional 1,001 shares in the last quarter. Hedge funds and other institutional investors own 78.06% of the company's stock.
Teck Resources Trading Down 1.3 %
TECK stock traded down $0.62 during mid-day trading on Tuesday, reaching $47.14. 4,202,667 shares of the stock traded hands, compared to its average volume of 3,961,398. 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 Limited has a 52-week low of $34.38 and a 52-week high of $50.46. The company has a market cap of $24.06 billion, a P/E ratio of 13.74, a P/E/G ratio of 6.51 and a beta of 1.15. The stock's fifty day moving average is $42.42 and its 200-day moving average is $40.02.
Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its quarterly earnings data 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 firm had revenue of $3.02 billion for the quarter, compared to analyst estimates 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 expect that Teck Resources Limited will post 3.55 earnings per share for the current year.
Teck Resources Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.0925 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.37 annualized dividend and a dividend yield of 0.78%. Teck Resources's payout ratio is 10.79%.
Wall Street Analysts Forecast Growth
TECK has been the topic of several recent research reports. Benchmark increased their price target on Teck Resources from $50.00 to $52.00 and gave the company a "buy" rating in a report on Monday, April 8th. Morgan Stanley reaffirmed an "overweight" rating and issued a $55.00 price target on shares of Teck Resources in a report on Thursday, April 11th. Finally, UBS Group assumed coverage on shares of Teck Resources in a research note on Tuesday, January 16th. They set a "buy" rating for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Teck Resources presently has a consensus rating of "Moderate Buy" and an average target price of $65.21.
Read Our Latest Stock Analysis on Teck Resources
About Teck Resources
(
Free Report)
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.
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