Boston Partners lessened its holdings in shares of Rio Tinto PLC (NYSE:RIO) by 3.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 139,851 shares of the mining company’s stock after selling 5,673 shares during the quarter. Boston Partners’ holdings in Rio Tinto PLC were worth $6,600,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Rio Tinto PLC by 13.8% in the first quarter. Geode Capital Management LLC now owns 25,180 shares of the mining company’s stock valued at $1,024,000 after buying an additional 3,061 shares during the period. Aperio Group LLC lifted its holdings in shares of Rio Tinto PLC by 14.9% during the second quarter. Aperio Group LLC now owns 355,572 shares of the mining company’s stock valued at $15,044,000 after purchasing an additional 46,083 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in shares of Rio Tinto PLC by 5.7% during the second quarter. Sit Investment Associates Inc. now owns 28,456 shares of the mining company’s stock valued at $1,204,000 after purchasing an additional 1,531 shares during the last quarter. Bollard Group LLC lifted its holdings in shares of Rio Tinto PLC by 3.0% during the second quarter. Bollard Group LLC now owns 7,196 shares of the mining company’s stock valued at $304,000 after purchasing an additional 210 shares during the last quarter. Finally, Cornerstone Financial Partners LLC lifted its holdings in shares of Rio Tinto PLC by 15.3% during the second quarter. Cornerstone Financial Partners LLC now owns 112,603 shares of the mining company’s stock valued at $4,772,000 after purchasing an additional 14,947 shares during the last quarter. Institutional investors own 7.02% of the company’s stock.

Rio Tinto PLC (NYSE RIO) opened at $47.63 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31. Rio Tinto PLC has a 12-month low of $36.25 and a 12-month high of $50.77.

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Several research analysts recently weighed in on the company. Clarkson Capital reissued a “buy” rating on shares of Rio Tinto PLC in a research report on Wednesday, August 2nd. Citigroup Inc. reissued a “buy” rating on shares of Rio Tinto PLC in a research report on Thursday, September 28th. Canaccord Genuity lowered Rio Tinto PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. The Goldman Sachs Group, Inc. reaffirmed a “neutral” rating on shares of Rio Tinto PLC in a research report on Monday, August 14th. Finally, Cowen and Company set a $47.00 target price on Rio Tinto PLC and gave the stock a “hold” rating in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.07.

Rio Tinto PLC Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

Institutional Ownership by Quarter for Rio Tinto PLC (NYSE:RIO)

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