Stephens Inc. AR Boosts Stock Position in Teck Resources Ltd (NYSE:TECK)

Stephens Inc. AR raised its stake in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 9.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,860 shares of the basic materials company’s stock after acquiring an additional 610 shares during the period. Stephens Inc. AR’s holdings in Teck Resources were worth $250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Community Bank N.A. purchased a new position in shares of Teck Resources during the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC raised its stake in shares of Teck Resources by 7,560.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,149 shares of the basic materials company’s stock worth $42,000 after buying an additional 1,134 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Teck Resources during the 4th quarter worth approximately $50,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Teck Resources in the 4th quarter worth approximately $55,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of Teck Resources by 104.8% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,636 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 837 shares during the period. 78.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Teck Resources from a “hold” rating to a “sell” rating in a report on Friday. National Bankshares upgraded Teck Resources from a “sector perform” rating to an “outperform” rating in a report on Thursday, April 24th. BMO Capital Markets assumed coverage on Teck Resources in a report on Wednesday, April 16th. They issued an “outperform” rating on the stock. UBS Group restated a “neutral” rating on shares of Teck Resources in a report on Tuesday, April 15th. Finally, Veritas upgraded Teck Resources to a “hold” rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.75.

Teck Resources Price Performance

TECK stock opened at $37.55 on Monday. Teck Resources Ltd has a 52-week low of $28.32 and a 52-week high of $54.13. The stock’s fifty day simple moving average is $38.21 and its 200-day simple moving average is $38.70. The company has a quick ratio of 2.57, a current ratio of 3.36 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $18.14 billion, a price-to-earnings ratio of 64.74, a price-to-earnings-growth ratio of 0.57 and a beta of 0.80.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.18. Teck Resources had a return on equity of 4.53% and a net margin of 3.48%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue was up 41.4% on a year-over-year basis. Equities research analysts expect that Teck Resources Ltd will post 1.53 EPS for the current year.

Teck Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.0901 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.36 dividend on an annualized basis and a yield of 0.96%. This is a boost from Teck Resources’s previous quarterly dividend of $0.09. Teck Resources’s dividend payout ratio (DPR) is presently 62.07%.

Teck Resources Company 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.