Rio Tinto PLC (RIO) Holdings Trimmed by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its position in Rio Tinto PLC (NYSE:RIO) by 27.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,099 shares of the mining company’s stock after selling 9,681 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Rio Tinto PLC were worth $1,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. HPM Partners LLC lifted its position in shares of Rio Tinto PLC by 1.3% during the 2nd quarter. HPM Partners LLC now owns 10,211 shares of the mining company’s stock worth $432,000 after buying an additional 132 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of Rio Tinto PLC by 0.5% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 30,150 shares of the mining company’s stock worth $1,276,000 after buying an additional 150 shares in the last quarter. Bollard Group LLC lifted its position in shares of Rio Tinto PLC by 3.0% during the 2nd quarter. Bollard Group LLC now owns 7,196 shares of the mining company’s stock worth $304,000 after buying an additional 210 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Rio Tinto PLC by 2.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,821 shares of the mining company’s stock worth $500,000 after buying an additional 281 shares in the last quarter. Finally, ProVise Management Group LLC lifted its position in shares of Rio Tinto PLC by 2.2% during the 1st quarter. ProVise Management Group LLC now owns 14,200 shares of the mining company’s stock worth $578,000 after buying an additional 300 shares in the last quarter. 6.88% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto PLC (NYSE:RIO) opened at 47.63 on Friday. Rio Tinto PLC has a 52 week low of $30.69 and a 52 week high of $49.89. The stock’s 50 day moving average is $47.15 and its 200 day moving average is $42.64. The company has a market capitalization of $85.40 billion, a P/E ratio of 13.89 and a beta of 0.98.

The firm also recently announced a None dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, August 11th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, August 9th.

Several equities analysts have commented on the stock. ValuEngine lowered shares of Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group LLC set a $52.00 price target on shares of Rio Tinto PLC and gave the stock a “buy” rating in a research note on Friday, August 18th. Royal Bank Of Canada lowered shares of Rio Tinto PLC from a “top pick” rating to an “outperform” rating in a research note on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Rio Tinto PLC in a research note on Monday, August 14th. Finally, Clarkson Capital reiterated a “buy” rating on shares of Rio Tinto PLC in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Rio Tinto PLC presently has an average rating of “Buy” and a consensus target price of $47.50.

TRADEMARK VIOLATION NOTICE: “Rio Tinto PLC (RIO) Holdings Trimmed by Fort Washington Investment Advisors Inc. OH” was first posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://transcriptdaily.com/2017/09/17/rio-tinto-plc-rio-holdings-trimmed-by-fort-washington-investment-advisors-inc-oh.html.

Rio Tinto PLC Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

Institutional Ownership by Quarter for Rio Tinto PLC (NYSE:RIO)

Receive News & Ratings for Rio Tinto PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply