Segall Bryant & Hamill LLC Purchases New Holdings in Valaris Limited (NYSE:VAL)

Segall Bryant & Hamill LLC acquired a new position in Valaris Limited (NYSE:VAL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 239,099 shares of the company’s stock, valued at approximately $10,578,000. Segall Bryant & Hamill LLC owned about 0.34% of Valaris at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. River Road Asset Management LLC boosted its holdings in shares of Valaris by 178.9% in the 4th quarter. River Road Asset Management LLC now owns 409,196 shares of the company’s stock worth $18,103,000 after buying an additional 262,468 shares during the last quarter. Packer & Co Ltd purchased a new position in Valaris in the fourth quarter valued at about $8,981,000. State Street Corp grew its position in shares of Valaris by 4.8% during the 3rd quarter. State Street Corp now owns 2,446,006 shares of the company’s stock valued at $136,365,000 after acquiring an additional 112,216 shares during the period. Bank of New York Mellon Corp grew its position in shares of Valaris by 20.6% during the 4th quarter. Bank of New York Mellon Corp now owns 581,106 shares of the company’s stock valued at $25,708,000 after acquiring an additional 99,297 shares during the period. Finally, Lingotto Investment Management LLP increased its stake in shares of Valaris by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock worth $160,910,000 after purchasing an additional 87,420 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Analyst Ratings Changes

VAL has been the topic of several research analyst reports. Susquehanna dropped their price objective on Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. JPMorgan Chase & Co. initiated coverage on Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 price target on the stock. Citigroup decreased their price objective on Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Barclays dropped their price objective on shares of Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Valaris to a “sell” rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $54.33.

Valaris Stock Up 1.9 %

Shares of NYSE VAL opened at $40.28 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.86 billion, a P/E ratio of 7.84 and a beta of 1.16. Valaris Limited has a 52 week low of $31.15 and a 52 week high of $84.20. The business has a 50-day simple moving average of $42.59 and a two-hundred day simple moving average of $46.78.

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

About Valaris

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.