Sterling Capital Management LLC Sells 260 Shares of Relx Plc (NYSE:RELX)

Sterling Capital Management LLC decreased its position in Relx Plc (NYSE:RELX) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,426 shares of the technology company’s stock after selling 260 shares during the quarter. Sterling Capital Management LLC’s holdings in Relx were worth $474,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RELX. CENTRAL TRUST Co raised its holdings in Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after purchasing an additional 529 shares during the period. Versant Capital Management Inc purchased a new stake in Relx in the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new position in shares of Relx in the fourth quarter worth about $43,000. Brown Brothers Harriman & Co. lifted its position in shares of Relx by 218.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock valued at $44,000 after buying an additional 662 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Relx by 19.2% during the 4th quarter. Private Trust Co. NA now owns 1,237 shares of the technology company’s stock valued at $56,000 after acquiring an additional 199 shares during the period. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Stock Up 1.9 %

RELX opened at $52.20 on Friday. The company has a market capitalization of $96.61 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. The firm has a 50-day simple moving average of $49.37 and a two-hundred day simple moving average of $48.00. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. Relx Plc has a 52 week low of $40.25 and a 52 week high of $52.54.

Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a $0.5586 dividend. This is an increase from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. This represents a yield of 1.6%. Relx’s payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RELX shares. Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a report on Friday, March 14th. The Goldman Sachs Group initiated coverage on shares of Relx in a report on Wednesday, March 26th. They issued a “buy” rating for the company. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Redburn Atlantic initiated coverage on Relx in a research report on Wednesday, January 8th. They issued a “buy” rating on the stock. Finally, Morgan Stanley reissued an “overweight” rating on shares of Relx in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Relx currently has a consensus rating of “Buy”.

Relx Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.