Todd Asset Management LLC Has $86.82 Million Position in Rio Tinto PLC $RIO

Todd Asset Management LLC decreased its holdings in Rio Tinto PLC (NYSE:RIO – Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,084,815 shares of the mining company’s stock after selling 9,088 shares during the period. Rio Tinto comprises approximately 1.7% of Todd Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Todd Asset Management LLC owned about 0.09% of Rio Tinto worth $86,818,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. PFS Partners LLC purchased a new stake in shares of Rio Tinto during the fourth quarter valued at $28,000. Nvest Wealth Strategies Inc. purchased a new stake in Rio Tinto in the fourth quarter valued at $28,000. Trust Co. of Toledo NA OH purchased a new stake in Rio Tinto in the fourth quarter valued at $34,000. Root Financial Partners LLC purchased a new stake in Rio Tinto in the third quarter valued at $36,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Rio Tinto during the 4th quarter worth about $37,000. 19.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RIO shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a research report on Friday, May 15th. Barclays lowered shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rio Tinto in a research note on Wednesday. Bank of America lowered shares of Rio Tinto from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, Zacks Research lowered shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Rio Tinto currently has a consensus rating of “Hold” and an average price target of $101.75.

Read Our Latest Stock Analysis on Rio Tinto

Rio Tinto Trading Up 0.0%

RIO stock opened at $104.24 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. Rio Tinto PLC has a 12 month low of $55.64 and a 12 month high of $112.58. The firm has a 50-day moving average of $97.13 and a two-hundred day moving average of $88.44.

Rio Tinto Profile

(Free Report)

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.

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