Henry James International Management Inc. Sells 550 Shares of Teck Resources Limited (NYSE:TECK)

Henry James International Management Inc. reduced its stake in Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,398 shares of the basic materials company’s stock after selling 550 shares during the quarter. Henry James International Management Inc.’s holdings in Teck Resources were worth $1,581,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Baystate Wealth Management LLC acquired a new position in shares of Teck Resources in the 3rd quarter valued at about $31,000. JFS Wealth Advisors LLC boosted its holdings in shares of Teck Resources by 249.0% during the 3rd quarter. JFS Wealth Advisors LLC now owns 841 shares of the basic materials company’s stock worth $36,000 after buying an additional 600 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Teck Resources by 69.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,162 shares of the basic materials company’s stock worth $49,000 after buying an additional 476 shares during the period. Blue Trust Inc. increased its stake in Teck Resources by 187.3% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 974 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Teck Resources by 17.9% during the third quarter. Allworth Financial LP now owns 2,558 shares of the basic materials company’s stock valued at $110,000 after purchasing an additional 388 shares during the period. 78.06% of the stock is currently owned by institutional investors.

Teck Resources Stock Up 1.7 %

NYSE:TECK traded up $0.84 on Friday, hitting $49.29. The stock had a trading volume of 2,689,323 shares, compared to its average volume of 4,653,079. Teck Resources Limited has a 1 year low of $34.38 and a 1 year high of $51.65. The firm’s fifty day simple moving average is $45.01 and its two-hundred day simple moving average is $40.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.49. The stock has a market cap of $25.22 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 8.92 and a beta of 1.12.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. Teck Resources had a return on equity of 7.52% and a net margin of 10.59%. Analysts predict that Teck Resources Limited will post 2.67 earnings per share for the current year.

Teck Resources Cuts Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.36 annualized dividend and a yield of 0.74%. Teck Resources’s payout ratio is currently 16.37%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TECK. Morgan Stanley reaffirmed an “overweight” rating and issued a $55.00 target price on shares of Teck Resources in a research report on Thursday, April 11th. JPMorgan Chase & Co. upped their target price on Teck Resources from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Benchmark boosted their price target on shares of Teck Resources from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, UBS Group began coverage on shares of Teck Resources in a report on Tuesday, January 16th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Teck Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.86.

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.