49,413 Shares in Valaris Limited (NYSE:VAL) Acquired by Zacks Investment Management

Zacks Investment Management acquired a new stake in Valaris Limited (NYSE:VAL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 49,413 shares of the company's stock, valued at approximately $2,186,000. Zacks Investment Management owned approximately 0.07% of Valaris at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Lingotto Investment Management LLP lifted its position in Valaris by 2.5% during the fourth quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock worth $160,910,000 after purchasing an additional 87,420 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Valaris during the 4th quarter worth approximately $611,000. Hosking Partners LLP increased its stake in Valaris by 33.6% in the fourth quarter. Hosking Partners LLP now owns 341,842 shares of the company's stock valued at $15,123,000 after acquiring an additional 85,891 shares during the last quarter. Waverton Investment Management Ltd raised its position in Valaris by 12.7% during the fourth quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company's stock valued at $33,451,000 after purchasing an additional 85,250 shares in the last quarter. Finally, Tejara Capital Ltd lifted its stake in Valaris by 93.0% during the fourth quarter. Tejara Capital Ltd now owns 112,405 shares of the company's stock worth $4,973,000 after purchasing an additional 54,173 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

Valaris Trading Up 6.0 %

Shares of VAL stock opened at $31.90 on Friday. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 6.21 and a beta of 1.06. The stock has a 50-day moving average of $37.44 and a 200-day moving average of $44.19. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. Valaris Limited has a 1-year low of $27.15 and a 1-year high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.68. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The firm had revenue of $584.40 million during the quarter, compared to analyst estimates of $578.01 million. On average, equities research analysts forecast that Valaris Limited will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VAL shares. Barclays lowered their price target on Valaris from $46.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 7th. Evercore ISI cut shares of Valaris from an "outperform" rating to an "in-line" rating and lowered their price objective for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. StockNews.com upgraded shares of Valaris to a "sell" rating in a research report on Thursday, February 20th. Susquehanna lowered their price target on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Monday. Finally, Citigroup cut their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $50.33.

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.

Want to see what other hedge funds are holding VAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valaris Limited (NYSE:VAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.