Leibman Financial Services Inc. Has $3.97 Million Stake in Teck Resources Limited (NYSE:TECK)

Leibman Financial Services Inc. grew its stake in shares of Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,025 shares of the basic materials company’s stock after purchasing an additional 1,275 shares during the period. Teck Resources makes up 2.9% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 9th largest holding. Leibman Financial Services Inc.’s holdings in Teck Resources were worth $3,973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. FNY Investment Advisers LLC raised its holdings in Teck Resources by 709.5% in the fourth quarter. FNY Investment Advisers LLC now owns 17,000 shares of the basic materials company’s stock worth $689,000 after buying an additional 14,900 shares during the last quarter. First Hawaiian Bank boosted its stake in Teck Resources by 57.1% during the 4th quarter. First Hawaiian Bank now owns 21,918 shares of the basic materials company’s stock valued at $888,000 after purchasing an additional 7,969 shares during the last quarter. Douglas Lane & Associates LLC increased its holdings in shares of Teck Resources by 10.6% in the 4th quarter. Douglas Lane & Associates LLC now owns 950,612 shares of the basic materials company’s stock worth $38,528,000 after purchasing an additional 91,370 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of Teck Resources by 6.5% in the fourth quarter. Fulton Bank N.A. now owns 8,218 shares of the basic materials company’s stock worth $333,000 after purchasing an additional 499 shares during the last quarter. Finally, Oliver Luxxe Assets LLC lifted its holdings in shares of Teck Resources by 20.6% during the fourth quarter. Oliver Luxxe Assets LLC now owns 9,849 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 1,684 shares in the last quarter. 78.06% of the stock is owned by institutional investors.

Teck Resources Stock Up 0.4 %

Shares of NYSE TECK opened at $42.18 on Tuesday. The stock has a market cap of $21.14 billion, a PE ratio of 63.91 and a beta of 1.05. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. Teck Resources Limited has a 12-month low of $36.50 and a 12-month high of $55.13. The company has a 50-day moving average of $44.37 and a 200 day moving average of $46.83.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.24. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.09 billion. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%. The business’s revenue was down 20.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS. As a group, sell-side analysts predict that Teck Resources Limited will post 1.81 EPS for the current fiscal year.

Teck Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.0895 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.36 annualized dividend and a yield of 0.85%. Teck Resources’s dividend payout ratio is presently 53.03%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup raised Teck Resources to a “hold” rating in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research report on Friday, October 25th. National Bank Financial lowered shares of Teck Resources from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, UBS Group downgraded shares of Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Teck Resources has a consensus rating of “Moderate Buy” and an average price target of $65.29.

Teck Resources Profile

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.