Aviva PLC lowered its position in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 245,042 shares of the basic materials company’s stock after selling 9,932 shares during the quarter. Aviva PLC’s holdings in Teck Resources were worth $5,877,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TECK. Janus Henderson Group PLC grew its stake in Teck Resources by 452.2% in the second quarter. Janus Henderson Group PLC now owns 7,561,492 shares of the basic materials company’s stock worth $192,508,000 after purchasing an additional 6,192,051 shares in the last quarter. Covalis Capital LLP grew its stake in Teck Resources by 504.7% in the second quarter. Covalis Capital LLP now owns 1,679,203 shares of the basic materials company’s stock worth $42,736,000 after purchasing an additional 1,401,503 shares in the last quarter. Toronto Dominion Bank grew its stake in Teck Resources by 83.4% in the second quarter. Toronto Dominion Bank now owns 2,410,538 shares of the basic materials company’s stock worth $61,803,000 after purchasing an additional 1,096,126 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Teck Resources by 16.2% in the third quarter. Great West Life Assurance Co. Can now owns 4,680,136 shares of the basic materials company’s stock worth $112,851,000 after purchasing an additional 651,782 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in Teck Resources by 37.7% in the second quarter. Bank of Nova Scotia now owns 2,225,489 shares of the basic materials company’s stock worth $56,520,000 after purchasing an additional 609,807 shares in the last quarter. 53.46% of the stock is currently owned by institutional investors.

Teck Resources stock opened at $21.45 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.30 and a debt-to-equity ratio of 0.23. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 6.25, a P/E/G ratio of 0.61 and a beta of 1.60. Teck Resources Ltd has a twelve month low of $18.17 and a twelve month high of $30.80.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its earnings results on Wednesday, October 24th. The basic materials company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.11). The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Teck Resources had a return on equity of 12.31% and a net margin of 27.35%. Analysts anticipate that Teck Resources Ltd will post 3.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be issued a dividend of $0.038 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.15 annualized dividend and a dividend yield of 0.71%. Teck Resources’s dividend payout ratio is presently 4.37%.

A number of research firms have weighed in on TECK. Deutsche Bank set a $34.00 target price on Teck Resources and gave the stock a “buy” rating in a report on Saturday, September 22nd. ValuEngine upgraded Teck Resources from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Goldman Sachs Group restated a “hold” rating on shares of Teck Resources in a report on Sunday, October 7th. Raymond James restated a “buy” rating on shares of Teck Resources in a report on Sunday, October 7th. Finally, Barclays began coverage on Teck Resources in a report on Wednesday, October 10th. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Teck Resources presently has a consensus rating of “Buy” and an average target price of $31.43.

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About Teck Resources

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

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Institutional Ownership by Quarter for Teck Resources (NYSE:TECK)

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