Rio Tinto Group (NYSE:RIO) Stock Holdings Increased by Savant Capital LLC

Savant Capital LLC boosted its position in Rio Tinto Group (NYSE:RIO) by 37.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,689 shares of the mining company’s stock after buying an additional 2,354 shares during the quarter. Savant Capital LLC’s holdings in Rio Tinto Group were worth $511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC increased its holdings in Rio Tinto Group by 2.9% in the third quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company’s stock valued at $1,247,475,000 after buying an additional 485,731 shares during the last quarter. FMR LLC increased its holdings in Rio Tinto Group by 35.1% in the third quarter. FMR LLC now owns 1,381,766 shares of the mining company’s stock valued at $98,340,000 after buying an additional 358,630 shares during the last quarter. Palliser Capital UK Ltd boosted its stake in Rio Tinto Group by 213.8% in the fourth quarter. Palliser Capital UK Ltd now owns 989,417 shares of the mining company’s stock valued at $58,188,000 after acquiring an additional 674,117 shares during the period. Van ECK Associates Corp boosted its stake in Rio Tinto Group by 10.7% in the third quarter. Van ECK Associates Corp now owns 693,102 shares of the mining company’s stock valued at $49,328,000 after acquiring an additional 67,213 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new position in Rio Tinto Group in the third quarter valued at approximately $33,590,000. 19.33% of the stock is owned by institutional investors.

Rio Tinto Group Price Performance

Shares of NYSE RIO opened at $63.38 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $60.65 and a 200-day simple moving average of $62.94. Rio Tinto Group has a 12-month low of $57.85 and a 12-month high of $74.24.

Wall Street Analyst Weigh In

RIO has been the subject of a number of research reports. StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Friday. Jefferies Financial Group decreased their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Rio Tinto Group 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.