Capula Management Ltd Buys New Holdings in Teck Resources Ltd $TECK

Capula Management Ltd purchased a new position in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,294 shares of the basic materials company’s stock, valued at approximately $583,000.

A number of other large investors have also bought and sold shares of TECK. Centiva Capital LP purchased a new stake in shares of Teck Resources during the third quarter valued at approximately $479,000. 44 Wealth Management LLC grew its holdings in shares of Teck Resources by 250.8% in the third quarter. 44 Wealth Management LLC now owns 31,077 shares of the basic materials company’s stock worth $1,364,000 after purchasing an additional 22,219 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Teck Resources by 167.2% in the third quarter. Ameriprise Financial Inc. now owns 943,063 shares of the basic materials company’s stock worth $41,391,000 after buying an additional 590,175 shares during the period. Credit Agricole S A bought a new stake in Teck Resources during the 3rd quarter valued at $339,000. Finally, AQR Arbitrage LLC bought a new stake in Teck Resources during the 3rd quarter valued at $11,374,000. 78.06% of the stock is owned by hedge funds and other institutional investors.

Teck Resources Stock Performance

NYSE:TECK opened at $49.51 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.54 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $54.81 and its 200 day simple moving average is $46.51. The stock has a market cap of $23.83 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.77. Teck Resources Ltd has a twelve month low of $28.32 and a twelve month high of $62.41.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its earnings results on Thursday, February 19th. The basic materials company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.59 by $0.39. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Teck Resources had a net margin of 12.98% and a return on equity of 5.90%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. As a group, research analysts predict that Teck Resources Ltd will post 1.53 EPS for the current year.

Teck Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 13th. Teck Resources’s payout ratio is presently 17.82%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TECK. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $46.00 price target on shares of Teck Resources in a report on Wednesday, November 26th. Veritas raised shares of Teck Resources from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Teck Resources in a report on Wednesday, January 21st. TD Securities reissued a “hold” rating on shares of Teck Resources in a research note on Monday, February 23rd. Finally, UBS Group restated a “buy” rating on shares of Teck Resources in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Teck Resources currently has a consensus rating of “Hold” and a consensus target price of $57.00.

About Teck Resources

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company’s operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.