Edmond DE Rothschild Holding S.A. Buys 24,549 Shares of Valaris Limited (NYSE:VAL)

Edmond DE Rothschild Holding S.A. boosted its position in Valaris Limited (NYSE:VAL) by 4.2% during the fourth quarter, Holdings Channel reports. The fund owned 605,504 shares of the company’s stock after acquiring an additional 24,549 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Valaris were worth $26,787,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Valaris during the 3rd quarter valued at about $25,000. Signaturefd LLC grew its position in Valaris by 395.0% during the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock valued at $65,000 after acquiring an additional 1,177 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after acquiring an additional 511 shares in the last quarter. KBC Group NV raised its position in Valaris by 63.3% in the 4th quarter. KBC Group NV now owns 2,929 shares of the company’s stock worth $130,000 after purchasing an additional 1,135 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in Valaris in the fourth quarter worth $176,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Stock Performance

NYSE:VAL opened at $39.44 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. Valaris Limited has a twelve month low of $31.15 and a twelve month high of $84.20. The stock has a market cap of $2.80 billion, a P/E ratio of 7.67 and a beta of 1.16. The firm’s fifty day simple moving average is $42.25 and its 200 day simple moving average is $46.50.

Valaris (NYSE:VAL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.68. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The company had revenue of $584.40 million for the quarter, compared to analysts’ expectations of $578.01 million. As a group, research analysts predict that Valaris Limited will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VAL shares. Susquehanna decreased their price objective on Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Barclays decreased their price target on Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. JPMorgan Chase & Co. initiated coverage on Valaris in a research note on Friday, December 6th. They set an “underweight” rating and a $40.00 price objective for the company. Citigroup decreased their target price on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Finally, Evercore ISI cut shares of Valaris from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $54.33.

Valaris 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.