Teck Resources Limited (NYSE:TECK) is Kapitalo Investimentos Ltda's 3rd Largest Position

Kapitalo Investimentos Ltda increased its stake in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 24.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 805,013 shares of the basic materials company's stock after purchasing an additional 160,000 shares during the quarter. Teck Resources makes up 7.0% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 3rd largest holding. Kapitalo Investimentos Ltda owned about 0.16% of Teck Resources worth $34,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FIL Ltd grew its holdings in shares of Teck Resources by 98.8% during the fourth quarter. FIL Ltd now owns 11,937,233 shares of the basic materials company's stock valued at $504,588,000 after buying an additional 5,933,226 shares in the last quarter. Norges Bank purchased a new stake in shares of Teck Resources in the fourth quarter worth approximately $172,740,000. Principal Financial Group Inc. grew its position in Teck Resources by 16,855.2% during the fourth quarter. Principal Financial Group Inc. now owns 2,640,100 shares of the basic materials company's stock valued at $112,143,000 after purchasing an additional 2,624,529 shares in the last quarter. Boston Partners grew its position in Teck Resources by 28.8% during the fourth quarter. Boston Partners now owns 10,881,781 shares of the basic materials company's stock valued at $484,995,000 after purchasing an additional 2,432,378 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Teck Resources by 45.7% in the 4th quarter. Mackenzie Financial Corp now owns 6,632,418 shares of the basic materials company's stock valued at $280,491,000 after buying an additional 2,080,295 shares during the period. Institutional investors and hedge funds own 78.06% of the company's stock.

Teck Resources Price Performance

NYSE:TECK traded up $0.98 during mid-day trading on Monday, hitting $54.77. The company's stock had a trading volume of 4,005,084 shares, compared to its average volume of 3,932,104. The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 11.92 and a beta of 1.12. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. Teck Resources Limited has a fifty-two week low of $34.38 and a fifty-two week high of $55.13. The stock has a fifty day moving average of $47.72 and a 200-day moving average of $41.88.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.31). Teck Resources had a return on equity of 7.52% and a net margin of 10.59%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. As a group, equities analysts forecast that Teck Resources Limited will post 2.18 EPS for the current fiscal year.

Teck Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a dividend of $0.0911 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Monday, June 17th. Teck Resources's dividend payout ratio (DPR) is currently 15.93%.

Analyst Ratings Changes

TECK has been the topic of several research analyst reports. Morgan Stanley restated an "overweight" rating and set a $55.00 price target on shares of Teck Resources in a report on Thursday, April 11th. JPMorgan Chase & Co. raised their price target on Teck Resources from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 17th. Finally, Benchmark boosted their price target on Teck Resources from $50.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $57.86.

About Teck Resources

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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