Fiera Capital Corp Increases Stock Holdings in Valaris Limited (NYSE:VAL)

Fiera Capital Corp lifted its stake in shares of Valaris Limited (NYSE:VAL) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 283,854 shares of the company’s stock after buying an additional 6,330 shares during the quarter. Fiera Capital Corp owned about 0.39% of Valaris worth $15,825,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in Valaris by 180.8% in the first quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 235 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Valaris in the 1st quarter valued at about $149,000. Evergreen Capital Management LLC purchased a new position in Valaris during the 2nd quarter worth approximately $204,000. Choreo LLC acquired a new position in Valaris during the second quarter worth approximately $204,000. Finally, Scientech Research LLC purchased a new stake in Valaris in the second quarter valued at approximately $211,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Price Performance

Shares of NYSE:VAL opened at $49.99 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $53.65 and a 200 day moving average price of $65.33. Valaris Limited has a 52 week low of $48.04 and a 52 week high of $84.20. The company has a market cap of $3.56 billion, a P/E ratio of 3.43 and a beta of 1.17.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VAL. Susquehanna lowered their target price on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Pickering Energy Partners lowered shares of Valaris from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 16th. Barclays decreased their target price on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday. Benchmark cut Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Citigroup decreased their price objective on Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $80.00.

Insider Activity

In related news, SVP Matthew Lyne sold 26,000 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the transaction, the senior vice president now owns 24,388 shares of the company’s stock, valued at $1,360,118.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Davor Vukadin sold 15,403 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $56.64, for a total transaction of $872,425.92. Following the sale, the senior vice president now owns 13,334 shares of the company’s stock, valued at $755,237.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Lyne sold 26,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $55.77, for a total value of $1,450,020.00. Following the completion of the transaction, the senior vice president now directly owns 24,388 shares of the company’s stock, valued at $1,360,118.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,403 shares of company stock valued at $4,028,246 in the last three months. 0.12% of the stock is currently owned by company insiders.

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.