Van Lanschot Kempen Investment Management N.V. Has $1.12 Million Position in Valaris Limited (NYSE:VAL)

Van Lanschot Kempen Investment Management N.V. decreased its holdings in shares of Valaris Limited (NYSE:VAL) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,403 shares of the company’s stock after selling 3,753 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Valaris were worth $1,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in shares of Valaris by 1.3% during the 4th quarter. Arizona State Retirement System now owns 19,002 shares of the company’s stock worth $841,000 after buying an additional 237 shares during the period. Xponance Inc. increased its stake in shares of Valaris by 5.5% during the fourth quarter. Xponance Inc. now owns 9,273 shares of the company’s stock worth $410,000 after purchasing an additional 487 shares during the period. State of Michigan Retirement System lifted its holdings in Valaris by 3.3% during the 4th quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock worth $686,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. boosted its stake in Valaris by 41.0% in the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock valued at $78,000 after purchasing an additional 511 shares during the period. Finally, Covestor Ltd grew its holdings in Valaris by 40.1% in the 4th quarter. Covestor Ltd now owns 1,911 shares of the company’s stock valued at $85,000 after buying an additional 547 shares in the last quarter. 96.74% of the stock is owned by institutional investors.

Valaris Trading Down 2.9 %

Shares of VAL stock opened at $30.98 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $84.20. The company has a market cap of $2.20 billion, a PE ratio of 6.03 and a beta of 1.06. The stock’s fifty day moving average price is $36.83 and its two-hundred day moving average price is $43.69.

Valaris (NYSE:VAL) last released its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.68. The firm had revenue of $584.40 million for the quarter, compared to analysts’ expectations of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. Equities analysts predict that Valaris Limited will post 3.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VAL shares. StockNews.com raised shares of Valaris to a “sell” rating in a research report on Thursday, February 20th. Citigroup decreased their target price on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Susquehanna cut their price target on Valaris from $47.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Evercore ISI lowered Valaris from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Finally, Barclays reduced their target price on Valaris from $46.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.33.

Valaris Company Profile

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.