3,791 Shares in Rio Tinto PLC $RIO Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. bought a new position in Rio Tinto PLC (NYSE:RIO) in the second quarter, according to its most recent filing with the SEC. The firm bought 3,791 shares of the mining company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. grew its holdings in Rio Tinto by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 8,368,620 shares of the mining company’s stock worth $502,787,000 after acquiring an additional 326,661 shares during the period. Auto Owners Insurance Co boosted its position in Rio Tinto by 77,150.0% in the 1st quarter. Auto Owners Insurance Co now owns 7,416,000 shares of the mining company’s stock worth $445,553,000 after purchasing an additional 7,406,400 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Rio Tinto during the 2nd quarter worth approximately $292,770,000. Dimensional Fund Advisors LP increased its holdings in shares of Rio Tinto by 33.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,938,247 shares of the mining company’s stock valued at $116,510,000 after purchasing an additional 490,357 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Rio Tinto by 71.7% in the 2nd quarter. Bank of Montreal Can now owns 1,855,607 shares of the mining company’s stock valued at $108,238,000 after purchasing an additional 774,851 shares during the period. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Price Performance

NYSE:RIO opened at $71.61 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $66.93 and a 200 day moving average price of $62.66. Rio Tinto PLC has a 12-month low of $51.67 and a 12-month high of $73.76.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Zacks Research upgraded Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft cut shares of Rio Tinto from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Morgan Stanley reiterated an “overweight” rating on shares of Rio Tinto in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Rio Tinto in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Rio Tinto has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Rio Tinto Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.