Yousif Capital Management LLC Acquires 1,075 Shares of Rio Tinto PLC $RIO

Yousif Capital Management LLC increased its holdings in shares of Rio Tinto PLC (NYSE:RIO) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,714 shares of the mining company’s stock after acquiring an additional 1,075 shares during the quarter. Yousif Capital Management LLC’s holdings in Rio Tinto were worth $800,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in Rio Tinto by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 8,368,620 shares of the mining company’s stock worth $502,787,000 after acquiring an additional 326,661 shares during the period. Auto Owners Insurance Co increased its position in Rio Tinto by 77,150.0% during the first quarter. Auto Owners Insurance Co now owns 7,416,000 shares of the mining company’s stock worth $445,553,000 after acquiring an additional 7,406,400 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in Rio Tinto during the second quarter worth about $292,770,000. Dimensional Fund Advisors LP increased its position in Rio Tinto by 33.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,938,247 shares of the mining company’s stock worth $116,510,000 after acquiring an additional 490,357 shares during the period. Finally, Northern Trust Corp increased its position in Rio Tinto by 3.8% during the first quarter. Northern Trust Corp now owns 1,663,964 shares of the mining company’s stock worth $99,971,000 after acquiring an additional 60,927 shares during the period. 19.33% of the stock is owned by institutional investors.

Rio Tinto Trading Up 2.1%

RIO opened at $69.80 on Thursday. The company’s 50 day moving average is $64.33 and its 200-day moving average is $61.18. Rio Tinto PLC has a 1-year low of $51.67 and a 1-year high of $70.12. The company has a current ratio of 1.53, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The company has a market cap of $87.53 billion, a P/E ratio of 10.82, a PEG ratio of 5.43 and a beta of 0.66.

Rio Tinto Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, August 15th were paid a $1.48 dividend. This represents a dividend yield of 620.0%. The ex-dividend date was Friday, August 15th. Rio Tinto’s dividend payout ratio (DPR) is presently 45.74%.

Analyst Ratings Changes

A number of research firms recently commented on RIO. Berenberg Bank reaffirmed a “hold” rating on shares of Rio Tinto in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Barclays reiterated an “overweight” rating on shares of Rio Tinto in a research note on Wednesday, July 2nd. Morgan Stanley reiterated an “overweight” rating on shares of Rio Tinto in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Rio Tinto in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Rio Tinto has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Rio Tinto Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.