Relx (NYSE:RELX) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Relx (NYSE:RELX) from a buy rating to a hold rating in a report released on Tuesday morning.

Separately, Redburn Atlantic initiated coverage on shares of Relx in a report on Wednesday, January 8th. They set a “buy” rating on the stock.

Relx Price Performance

NYSE RELX opened at $47.23 on Tuesday. The company has a market cap of $87.78 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. Relx has a 52 week low of $40.25 and a 52 week high of $51.99. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The firm’s 50-day simple moving average is $48.57 and its two-hundred day simple moving average is $47.52.

Relx Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5586 per share. The ex-dividend date of this dividend is Friday, May 9th. This is an increase from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s dividend payout ratio is 59.68%.

Institutional Investors Weigh In On Relx

Several hedge funds and other institutional investors have recently modified their holdings of RELX. CENTRAL TRUST Co increased its position in shares of Relx by 1,290.2% during the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after buying an additional 529 shares during the period. Versant Capital Management Inc bought a new stake in shares of Relx during the fourth quarter valued at about $31,000. Transce3nd LLC bought a new stake in shares of Relx during the fourth quarter valued at about $40,000. Sierra Ocean LLC bought a new stake in shares of Relx during the fourth quarter valued at about $43,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of Relx by 218.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock valued at $44,000 after buying an additional 662 shares during the period. 15.02% of the stock is currently owned by institutional investors.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.