Segall Bryant & Hamill LLC Purchases Shares of 239,099 Valaris Limited (NYSE:VAL)

Segall Bryant & Hamill LLC purchased a new stake in shares of Valaris Limited (NYSE:VAL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 239,099 shares of the company’s stock, valued at approximately $10,578,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VAL. River Road Asset Management LLC raised its stake in Valaris by 178.9% in the fourth quarter. River Road Asset Management LLC now owns 409,196 shares of the company’s stock valued at $18,103,000 after purchasing an additional 262,468 shares in the last quarter. Packer & Co Ltd bought a new position in shares of Valaris in the 4th quarter worth $8,981,000. State Street Corp increased its holdings in shares of Valaris by 4.8% in the 3rd quarter. State Street Corp now owns 2,446,006 shares of the company’s stock worth $136,365,000 after buying an additional 112,216 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Valaris by 20.6% during the 4th quarter. Bank of New York Mellon Corp now owns 581,106 shares of the company’s stock valued at $25,708,000 after buying an additional 99,297 shares in the last quarter. Finally, Lingotto Investment Management LLP lifted its holdings in shares of Valaris by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock worth $160,910,000 after acquiring an additional 87,420 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Stock Performance

Shares of VAL stock opened at $40.28 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. Valaris Limited has a fifty-two week low of $31.15 and a fifty-two week high of $84.20. The company has a market capitalization of $2.86 billion, a P/E ratio of 7.84 and a beta of 1.16. The stock has a 50 day moving average price of $42.59 and a two-hundred day moving average price of $46.78.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Evercore ISI downgraded Valaris from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. Citigroup dropped their target price on Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. JPMorgan Chase & Co. began coverage on shares of Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 price target on the stock. Susquehanna lowered their price objective on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, StockNews.com raised shares of Valaris to a “sell” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, Valaris has an average rating of “Hold” and a consensus price target of $54.33.

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.