SG Americas Securities LLC Sells 4,978 Shares of Teck Resources Limited (NYSE:TECK)

SG Americas Securities LLC cut its holdings in Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 19.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,041 shares of the basic materials company’s stock after selling 4,978 shares during the period. SG Americas Securities LLC’s holdings in Teck Resources were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TECK. Global Trust Asset Management LLC bought a new stake in shares of Teck Resources during the fourth quarter valued at approximately $27,000. Eastern Bank purchased a new position in Teck Resources during the 3rd quarter worth $39,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Teck Resources in the 3rd quarter worth approximately $40,000. Bruce G. Allen Investments LLC increased its position in shares of Teck Resources by 77.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 383 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Teck Resources by 69.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 409 shares during the last quarter. Institutional investors own 78.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. National Bank Financial cut Teck Resources from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price target on shares of Teck Resources from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. UBS Group downgraded Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. Scotiabank boosted their target price on Teck Resources from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, October 8th. Finally, Citigroup upgraded shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.38.

Teck Resources Trading Up 0.5 %

NYSE:TECK opened at $41.06 on Thursday. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $43.17 and a 200 day moving average of $46.25. The firm has a market capitalization of $20.48 billion, a P/E ratio of 62.22 and a beta of 1.05. Teck Resources Limited has a 52 week low of $36.50 and a 52 week high of $55.13.

Teck Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.0895 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.87%. Teck Resources’s dividend payout ratio (DPR) is presently 53.03%.

About Teck Resources

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.