Relx (NYSE:RELX) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Relx (NYSE:RELX) to a strong-buy rating in a research note released on Friday morning,Zacks reports.

Several other equities research analysts have also weighed in on the company. Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. The Goldman Sachs Group began coverage on shares of Relx in a research report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Wall Street Zen upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Barclays reiterated an “overweight” rating on shares of Relx in a research note on Friday, July 24th. Finally, TD Cowen assumed coverage on shares of Relx in a report on Thursday. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Relx Trading Down 0.2%

RELX opened at $33.76 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 5.23. The stock has a 50-day moving average of $34.83 and a 200-day moving average of $34.08. Relx has a 52-week low of $27.57 and a 52-week high of $48.40.

Relx Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.2785 per share. The ex-dividend date is Friday, August 7th. This represents a dividend yield of 157.0%.

Institutional Investors Weigh In On Relx

Several hedge funds and other institutional investors have recently modified their holdings of RELX. Capital International Investors lifted its stake in shares of Relx by 66.7% in the fourth quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock valued at $433,887,000 after buying an additional 4,264,474 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Relx by 185.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock worth $140,955,000 after buying an additional 2,763,766 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in Relx by 622.0% during the second quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock valued at $73,369,000 after acquiring an additional 1,163,189 shares during the period. Millennium Management LLC increased its stake in Relx by 251.6% during the fourth quarter. Millennium Management LLC now owns 1,207,191 shares of the technology company’s stock valued at $48,795,000 after acquiring an additional 863,856 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in Relx in the 3rd quarter valued at approximately $39,737,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Company Profile

RELX plc is a global information and analytics company that provides data, research, software and professional services to customers in the scientific, technical, medical, legal, business and government sectors. The company serves organizations and professionals that use specialized information to support research, manage risk, make decisions and improve operational performance.

RELX operates through four principal business areas: Risk, Business Services, Legal, and Scientific, Technical & Medical.