Stanley Laman Group Ltd. Acquires 13,508 Shares of Valaris Limited (NYSE:VAL)

Stanley Laman Group Ltd. lifted its position in Valaris Limited (NYSE:VAL - Free Report) by 19.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,710 shares of the company's stock after buying an additional 13,508 shares during the period. Stanley Laman Group Ltd. owned approximately 0.12% of Valaris worth $3,659,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Valaris by 4.8% during the third quarter. State Street Corp now owns 2,446,006 shares of the company's stock valued at $136,365,000 after purchasing an additional 112,216 shares during the last quarter. Geode Capital Management LLC raised its holdings in Valaris by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,519,644 shares of the company's stock worth $84,736,000 after buying an additional 66,229 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Valaris by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 797,060 shares of the company's stock valued at $44,436,000 after buying an additional 29,031 shares in the last quarter. Waverton Investment Management Ltd boosted its holdings in shares of Valaris by 20.4% in the third quarter. Waverton Investment Management Ltd now owns 670,885 shares of the company's stock worth $37,412,000 after buying an additional 113,509 shares during the period. Finally, Fiera Capital Corp increased its position in shares of Valaris by 2.3% in the third quarter. Fiera Capital Corp now owns 283,854 shares of the company's stock worth $15,825,000 after acquiring an additional 6,330 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VAL shares. Citigroup raised their price objective on shares of Valaris from $47.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. assumed coverage on Valaris in a research report on Friday, December 6th. They issued an "underweight" rating and a $40.00 target price for the company. Susquehanna dropped their price target on Valaris from $61.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Evercore ISI lowered Valaris from an "outperform" rating to an "in-line" rating and decreased their price objective for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. Finally, Barclays reiterated an "equal weight" rating and issued a $49.00 target price (down previously from $59.00) on shares of Valaris in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $56.83.

Valaris Stock Down 2.7 %

Shares of Valaris stock traded down $1.21 during midday trading on Monday, reaching $44.50. 1,424,988 shares of the company's stock traded hands, compared to its average volume of 1,458,484. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 3.06 and a beta of 1.10. Valaris Limited has a 52 week low of $39.90 and a 52 week high of $84.20. The company's 50 day simple moving average is $45.52 and its 200 day simple moving average is $51.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61.

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.