Dynamic Technology Lab Private Ltd Takes $879,000 Position in Valaris Limited (NYSE:VAL)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 15,765 shares of the company's stock, valued at approximately $879,000.

A number of other institutional investors have also added to or reduced their stakes in VAL. Price T Rowe Associates Inc. MD grew its holdings in Valaris by 6.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,656 shares of the company's stock valued at $2,609,000 after buying an additional 2,005 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in Valaris during the 1st quarter valued at approximately $418,000. Virtu Financial LLC purchased a new stake in Valaris during the 1st quarter valued at approximately $582,000. Boston Partners grew its holdings in Valaris by 6.5% during the 1st quarter. Boston Partners now owns 8,914 shares of the company's stock valued at $671,000 after buying an additional 544 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Valaris by 180.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock valued at $27,000 after acquiring an additional 235 shares during the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Davor Vukadin sold 15,403 shares of Valaris stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.64, for a total transaction of $872,425.92. Following the completion of the sale, the senior vice president now directly owns 13,334 shares in the company, valued at approximately $755,237.76. This trade represents a 53.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew Lyne sold 26,000 shares of Valaris stock in a transaction on Monday, September 30th. The stock was sold at an average price of $55.77, for a total value of $1,450,020.00. Following the sale, the senior vice president now owns 24,388 shares of the company's stock, valued at approximately $1,360,118.76. This trade represents a 51.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,403 shares of company stock worth $4,028,246 over the last three months. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VAL shares. Barclays lowered their target price on Valaris from $61.00 to $59.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Susquehanna lowered their target price on Valaris from $61.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Citigroup lowered their target price on Valaris from $71.00 to $58.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Benchmark downgraded Valaris from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Valaris presently has an average rating of "Hold" and an average target price of $77.83.

Valaris Trading Down 0.9 %

VAL traded down $0.43 during trading on Thursday, reaching $45.57. The company had a trading volume of 909,376 shares, compared to its average volume of 1,094,490. The stock has a market cap of $3.24 billion, a P/E ratio of 3.13 and a beta of 1.17. The business has a 50 day simple moving average of $51.41 and a 200-day simple moving average of $63.28. Valaris Limited has a 52 week low of $45.42 and a 52 week high of $84.20. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51.

About Valaris

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.