Valaris Limited (NYSE:VAL) Shares Sold by Fiera Capital Corp

Fiera Capital Corp lessened its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 7.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 308,126 shares of the company's stock after selling 24,648 shares during the period. Fiera Capital Corp owned 0.42% of Valaris worth $21,128,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Valaris during the 3rd quarter worth approximately $132,000. Raymond James & Associates grew its holdings in shares of Valaris by 33.6% during the third quarter. Raymond James & Associates now owns 33,327 shares of the company's stock worth $2,499,000 after purchasing an additional 8,385 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Valaris by 2.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,940 shares of the company's stock worth $520,000 after purchasing an additional 172 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Valaris by 98.8% in the 3rd quarter. New York State Teachers Retirement System now owns 34,200 shares of the company's stock valued at $2,564,000 after purchasing an additional 17,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Valaris by 17.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,496 shares of the company's stock valued at $937,000 after purchasing an additional 1,893 shares during the period. Hedge funds and other institutional investors own 96.74% of the company's stock.

Valaris Stock Performance

Shares of VAL stock traded up $0.59 during trading hours on Thursday, reaching $76.56. 686,312 shares of the company's stock were exchanged, compared to its average volume of 893,700. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.57. The company's 50 day moving average is $71.30 and its two-hundred day moving average is $68.20. The company has a market cap of $5.54 billion, a P/E ratio of 6.70 and a beta of 1.20. Valaris Limited has a 1 year low of $55.53 and a 1 year high of $78.92.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). Valaris had a return on equity of 3.81% and a net margin of 44.93%. The business had revenue of $525.00 million during the quarter, compared to analysts' expectations of $503.00 million. Equities research analysts anticipate that Valaris Limited will post 4.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VAL shares. Barclays cut their price target on Valaris from $102.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, May 10th. TheStreet upgraded shares of Valaris from a "c" rating to a "b-" rating in a research note on Thursday, February 22nd. StockNews.com raised shares of Valaris to a "sell" rating in a report on Friday, April 26th. Evercore ISI lowered their price target on Valaris from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, February 23rd. Finally, Benchmark reaffirmed a "buy" rating and set a $90.00 price objective on shares of Valaris in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Valaris currently has an average rating of "Moderate Buy" and a consensus target price of $99.20.

Valaris Company 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.

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