Rio Tinto Group (NYSE:RIO) Shares Bought by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas increased its holdings in Rio Tinto Group (NYSE:RIO) by 20.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,574 shares of the mining company’s stock after purchasing an additional 4,188 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Rio Tinto Group were worth $1,455,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Winch Advisory Services LLC acquired a new stake in shares of Rio Tinto Group in the third quarter valued at approximately $26,000. FSC Wealth Advisors LLC purchased a new position in Rio Tinto Group in the third quarter worth approximately $28,000. Sound Income Strategies LLC boosted its position in shares of Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after buying an additional 173 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Rio Tinto Group by 63.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after buying an additional 195 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Rio Tinto Group during the third quarter worth $38,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RIO. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Jefferies Financial Group lowered their price objective on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 25th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Rio Tinto Group Price Performance

Shares of RIO opened at $62.23 on Tuesday. Rio Tinto Group has a fifty-two week low of $57.85 and a fifty-two week high of $74.24. The stock has a fifty day moving average of $60.72 and a two-hundred day moving average of $62.99. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.

Rio Tinto Group 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.