Teck Resources Ltd (TECK) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its stake in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 17.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,608,220 shares of the basic materials company’s stock after purchasing an additional 378,400 shares during the period. UBS Asset Management Americas Inc.’s holdings in Teck Resources were worth $68,424,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TECK. Waratah Capital Advisors Ltd. raised its position in Teck Resources by 164.7% in the 4th quarter. Waratah Capital Advisors Ltd. now owns 1,796,054 shares of the basic materials company’s stock valued at $47,060,000 after purchasing an additional 1,117,445 shares during the last quarter. Schroder Investment Management Group raised its position in Teck Resources by 23.0% in the 4th quarter. Schroder Investment Management Group now owns 2,484,242 shares of the basic materials company’s stock valued at $81,658,000 after purchasing an additional 464,474 shares during the last quarter. Bank of New York Mellon Corp raised its position in Teck Resources by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 626,325 shares of the basic materials company’s stock valued at $16,391,000 after purchasing an additional 14,446 shares during the last quarter. Covalis Capital LLP purchased a new stake in Teck Resources in the 4th quarter valued at $11,765,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in Teck Resources by 50.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 24,243 shares of the basic materials company’s stock valued at $634,000 after purchasing an additional 8,124 shares during the last quarter. Institutional investors and hedge funds own 53.08% of the company’s stock.

Several analysts recently commented on the stock. Clarkson Capital downgraded shares of Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, January 15th. Bank of America downgraded shares of Teck Resources to a “hold” rating in a research report on Tuesday. They noted that the move was a valuation call. Macquarie downgraded shares of Teck Resources from an “outperform” rating to a “neutral” rating in a research report on Tuesday. They noted that the move was a valuation call. ValuEngine upgraded shares of Teck Resources from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. Finally, Zacks Investment Research downgraded shares of Teck Resources from a “buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Teck Resources has a consensus rating of “Buy” and a consensus target price of $30.94.

Teck Resources Ltd (NYSE TECK) opened at $29.20 on Friday. The company has a market cap of $16,590.14, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 1.14 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.81. Teck Resources Ltd has a 12-month low of $14.56 and a 12-month high of $30.80.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.06). The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Teck Resources had a return on equity of 13.69% and a net margin of 20.83%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. sell-side analysts expect that Teck Resources Ltd will post 3.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.04 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.55%. This is an increase from Teck Resources’s previous quarterly dividend of $0.04. Teck Resources’s dividend payout ratio is presently 4.85%.

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Teck Resources Company Profile

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.

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Institutional Ownership by Quarter for Teck Resources (NYSE:TECK)

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