Gotham Asset Management LLC Has $4.08 Million Position in Teck Resources Limited (NYSE:TECK)

Gotham Asset Management LLC raised its position in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 656.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 100,696 shares of the basic materials company's stock after acquiring an additional 87,379 shares during the period. Gotham Asset Management LLC's holdings in Teck Resources were worth $4,081,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Teck Resources during the fourth quarter worth approximately $470,101,000. Swedbank AB bought a new position in Teck Resources during the fourth quarter worth $103,878,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Teck Resources in the fourth quarter valued at $65,197,000. AMF Tjanstepension AB raised its position in shares of Teck Resources by 32.2% in the fourth quarter. AMF Tjanstepension AB now owns 6,020,023 shares of the basic materials company's stock valued at $244,252,000 after purchasing an additional 1,467,516 shares during the period. Finally, FMR LLC boosted its holdings in shares of Teck Resources by 29.7% during the 4th quarter. FMR LLC now owns 4,715,144 shares of the basic materials company's stock worth $191,133,000 after buying an additional 1,080,714 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 $0.03 on Tuesday, hitting $36.02. The company had a trading volume of 615,115 shares, compared to its average volume of 3,601,700. Teck Resources Limited has a 52 week low of $28.32 and a 52 week high of $54.48. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $17.75 billion, a price-to-earnings ratio of 65.50 and a beta of 0.79. The firm has a 50 day moving average of $36.02 and a two-hundred day moving average of $40.66.

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

Teck Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.0901 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.00%. This is an increase from Teck Resources's previous quarterly dividend of $0.09. The ex-dividend date is Monday, June 16th. Teck Resources's dividend payout ratio (DPR) is 58.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Teck Resources from $50.00 to $41.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. National Bankshares raised shares of Teck Resources from a "sector perform" rating to an "outperform" rating in a report on Thursday, April 24th. BMO Capital Markets started coverage on Teck Resources in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. UBS Group restated a "neutral" rating on shares of Teck Resources in a research note on Tuesday, April 15th. Finally, Raymond James dropped their price objective on Teck Resources from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $64.11.

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.