Van Lanschot Kempen Investment Management N.V. Has $1.84 Million Stock Position in Valaris Limited (NYSE:VAL)

Van Lanschot Kempen Investment Management N.V. cut its stake in Valaris Limited (NYSE:VAL) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,647 shares of the company’s stock after selling 1,959 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Valaris were worth $1,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VAL. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Valaris by 19.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,893 shares of the company’s stock worth $1,021,000 after purchasing an additional 2,397 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in Valaris by 8.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 36,106 shares of the company’s stock worth $2,476,000 after purchasing an additional 2,780 shares during the period. Meixler Investment Management Ltd. boosted its stake in Valaris by 34.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 23,385 shares of the company’s stock worth $1,604,000 after purchasing an additional 6,008 shares during the period. Russell Investments Group Ltd. boosted its stake in Valaris by 85.9% in the 4th quarter. Russell Investments Group Ltd. now owns 40,406 shares of the company’s stock worth $2,771,000 after purchasing an additional 18,669 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in Valaris by 33.3% in the 4th quarter. Retirement Systems of Alabama now owns 173,616 shares of the company’s stock worth $11,905,000 after purchasing an additional 43,368 shares during the period. 96.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on VAL. StockNews.com raised shares of Valaris to a “sell” rating in a research note on Friday, April 26th. Barclays reduced their price objective on shares of Valaris from $98.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Pickering Energy Partners downgraded shares of Valaris from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 16th. Finally, Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Valaris in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.80.

Valaris Stock Performance

Shares of VAL stock traded up $2.61 on Friday, reaching $63.20. The stock had a trading volume of 932,096 shares, compared to its average volume of 955,505. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average is $71.46 and its two-hundred day moving average is $70.83. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 5.53 and a beta of 1.21. Valaris Limited has a 12 month low of $60.06 and a 12 month high of $84.20.

Valaris (NYSE:VAL) last issued its earnings results on Wednesday, July 31st. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $1.07. The company had revenue of $610.10 million for the quarter, compared to analysts’ expectations of $545.00 million. Valaris had a net margin of 49.33% and a return on equity of 12.58%. On average, research analysts expect that Valaris Limited will post 4.37 EPS for the current fiscal year.

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.