Teck Resources Limited (NYSE:TECK) Shares Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA raised its holdings in Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 10.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,138 shares of the basic materials company’s stock after acquiring an additional 570 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Teck Resources were worth $219,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TECK. Entropy Technologies LP acquired a new stake in Teck Resources in the fourth quarter valued at $288,000. Savant Capital LLC lifted its holdings in Teck Resources by 32.3% in the fourth quarter. Savant Capital LLC now owns 9,415 shares of the basic materials company’s stock valued at $382,000 after acquiring an additional 2,301 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Teck Resources in the fourth quarter valued at $25,000. Vontobel Holding Ltd. lifted its holdings in Teck Resources by 8.4% in the fourth quarter. Vontobel Holding Ltd. now owns 87,903 shares of the basic materials company’s stock valued at $3,559,000 after acquiring an additional 6,800 shares during the period. Finally, Principal Securities Inc. lifted its holdings in Teck Resources by 49.9% in the fourth quarter. Principal Securities Inc. now owns 2,858 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 952 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

Teck Resources Trading Up 1.7%

Teck Resources stock opened at $38.61 on Friday. The stock has a market cap of $18.89 billion, a PE ratio of 70.19 and a beta of 0.79. The stock has a 50-day moving average price of $35.66 and a 200 day moving average price of $39.48. Teck Resources Limited has a 52 week low of $28.32 and a 52 week high of $54.13. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.18. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%. The firm’s quarterly revenue was up 41.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. Equities research analysts predict that Teck Resources Limited will post 1.53 earnings per share for the current fiscal year.

Teck Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.0901 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.93%. This is a positive change from Teck Resources’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, June 16th. Teck Resources’s dividend payout ratio (DPR) is presently 62.07%.

Wall Street Analyst Weigh In

TECK has been the subject of a number of recent analyst reports. Bank of America raised their target price on Teck Resources from $62.00 to $64.00 and gave the company a “buy” rating in a report on Monday, March 10th. National Bank Financial upgraded Teck Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 24th. Desjardins initiated coverage on Teck Resources in a research report on Friday, April 4th. They issued a “buy” rating for the company. Veritas upgraded Teck Resources to a “hold” rating in a research report on Friday, April 11th. Finally, BMO Capital Markets initiated coverage on Teck Resources in a research report on Wednesday, April 16th. They issued an “outperform” rating for the company. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.11.

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.