Jump Financial LLC Purchases 86,566 Shares of Teck Resources Limited (NYSE:TECK)

Jump Financial LLC lifted its stake in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 63.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,529 shares of the basic materials company's stock after purchasing an additional 86,566 shares during the quarter. Jump Financial LLC's holdings in Teck Resources were worth $9,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Teck Resources by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 19,316,132 shares of the basic materials company's stock valued at $783,153,000 after buying an additional 58,985 shares during the last quarter. Amundi boosted its stake in Teck Resources by 5.6% during the 4th quarter. Amundi now owns 14,949,233 shares of the basic materials company's stock valued at $619,765,000 after purchasing an additional 791,725 shares during the last quarter. Norges Bank bought a new stake in shares of Teck Resources in the 4th quarter worth $470,101,000. Invesco Ltd. raised its stake in shares of Teck Resources by 4.7% in the fourth quarter. Invesco Ltd. now owns 7,711,727 shares of the basic materials company's stock worth $312,556,000 after purchasing an additional 347,235 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Teck Resources by 21.7% during the third quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company's stock valued at $388,507,000 after purchasing an additional 1,326,241 shares in the last quarter. Institutional investors own 78.06% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TECK. National Bankshares reissued a "sector perform" rating on shares of Teck Resources in a report on Wednesday, April 2nd. BMO Capital Markets began coverage on Teck Resources in a research note on Wednesday. They issued an "outperform" rating on the stock. Desjardins initiated coverage on Teck Resources in a report on Friday, April 4th. They issued a "buy" rating on the stock. UBS Group restated a "neutral" rating on shares of Teck Resources in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Teck Resources from $50.00 to $41.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Teck Resources has an average rating of "Moderate Buy" and an average target price of $64.11.

Teck Resources Trading Down 1.6 %

Teck Resources stock traded down $0.55 during midday trading on Friday, reaching $32.90. The stock had a trading volume of 2,714,398 shares, compared to its average volume of 3,184,502. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 59.82 and a beta of 0.81. Teck Resources Limited has a 52-week low of $28.32 and a 52-week high of $55.13. The company has a fifty day moving average of $38.60 and a 200 day moving average of $42.95.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.58 billion. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%. On average, analysts anticipate that Teck Resources Limited will post 1.53 earnings per share for the current fiscal year.

Teck Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.0879 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, March 14th. Teck Resources's dividend payout ratio (DPR) is presently 61.82%.

About Teck Resources

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.