Westerkirk Capital Inc. Has $61,000 Stock Position in Teck Resources Ltd $TECK

Westerkirk Capital Inc. lowered its stake in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 93.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,280 shares of the basic materials company’s stock after selling 17,300 shares during the quarter. Westerkirk Capital Inc.’s holdings in Teck Resources were worth $61,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Cerity Partners LLC raised its holdings in shares of Teck Resources by 6.6% during the fourth quarter. Cerity Partners LLC now owns 67,042 shares of the basic materials company’s stock valued at $3,211,000 after purchasing an additional 4,142 shares during the period. LPL Financial LLC increased its position in shares of Teck Resources by 31.9% during the fourth quarter. LPL Financial LLC now owns 135,706 shares of the basic materials company’s stock worth $6,499,000 after acquiring an additional 32,806 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Teck Resources by 1.8% during the fourth quarter. Franklin Resources Inc. now owns 415,411 shares of the basic materials company’s stock worth $19,891,000 after acquiring an additional 7,356 shares in the last quarter. Anchor Capital Advisors LLC increased its position in shares of Teck Resources by 14.6% during the fourth quarter. Anchor Capital Advisors LLC now owns 632,750 shares of the basic materials company’s stock worth $30,302,000 after acquiring an additional 80,692 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Teck Resources by 3.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,646,656 shares of the basic materials company’s stock worth $271,828,000 after acquiring an additional 190,878 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

Teck Resources Trading Down 0.3%

Shares of TECK stock opened at $61.91 on Wednesday. Teck Resources Ltd has a 52-week low of $30.98 and a 52-week high of $71.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.16 and a current ratio of 2.83. The company has a 50-day simple moving average of $60.24 and a two-hundred day simple moving average of $53.95. The company has a market capitalization of $29.85 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 4.55 and a beta of 0.89.

Teck Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 15th. Teck Resources’s dividend payout ratio is presently 13.55%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TECK. Truist Financial set a $67.00 target price on shares of Teck Resources in a research report on Monday, February 23rd. TD Securities reissued a “hold” rating on shares of Teck Resources in a research report on Friday, April 24th. Scotiabank reissued a “sector perform” rating on shares of Teck Resources in a research report on Tuesday, April 14th. Weiss Ratings raised shares of Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Wall Street Zen raised shares of Teck Resources to a “buy” rating in a research report on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Teck Resources presently has an average rating of “Hold” and an average target price of $59.17.

Teck Resources Company Profile

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company’s operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.