Boston Common Asset Management LLC Sells 24,702 Shares of Relx Plc $RELX

Boston Common Asset Management LLC lowered its position in shares of Relx Plc (NYSE:RELX) by 24.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,966 shares of the technology company’s stock after selling 24,702 shares during the quarter. Boston Common Asset Management LLC’s holdings in Relx were worth $3,071,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC increased its position in Relx by 17.1% during the first quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock worth $3,207,000 after acquiring an additional 9,287 shares during the period. Millennium Management LLC boosted its holdings in Relx by 51.4% in the 1st quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock valued at $13,891,000 after purchasing an additional 93,610 shares during the period. Focus Partners Wealth grew its position in shares of Relx by 5.1% during the 1st quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock worth $542,000 after purchasing an additional 522 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Relx by 60.2% during the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock worth $720,000 after purchasing an additional 5,374 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in shares of Relx by 57.9% during the second quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock worth $381,000 after purchasing an additional 2,568 shares during the period. Institutional investors own 15.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RELX. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Morgan Stanley restated an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Citigroup began coverage on Relx in a research report on Monday, January 12th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Relx presently has a consensus rating of “Moderate Buy”.

Relx Stock Performance

NYSE RELX opened at $32.76 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38. The firm’s 50 day simple moving average is $33.61 and its 200 day simple moving average is $39.77. Relx Plc has a 1 year low of $27.57 and a 1 year high of $56.33.

Relx (NYSE:RELX) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $42.81 EPS for the quarter, beating the consensus estimate of $0.85 by $41.96. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $6.70 billion. On average, equities analysts expect that Relx Plc will post 1.68 earnings per share for the current fiscal year.

Relx Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.6559 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a dividend yield of 422.0%.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.