Vise Technologies Inc. Has $1.87 Million Holdings in Rio Tinto PLC $RIO

Vise Technologies Inc. lifted its stake in Rio Tinto PLC (NYSE:RIO) by 32.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,358 shares of the mining company’s stock after buying an additional 5,674 shares during the period. Vise Technologies Inc.’s holdings in Rio Tinto were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Caprock Group LLC acquired a new stake in Rio Tinto in the third quarter valued at approximately $1,416,000. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Rio Tinto by 21.6% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,126,445 shares of the mining company’s stock valued at $74,357,000 after buying an additional 199,962 shares in the last quarter. Shrier Wealth Management LLC acquired a new stake in Rio Tinto in the fourth quarter valued at approximately $1,280,000. Fisher Asset Management LLC boosted its position in Rio Tinto by 3.0% in the third quarter. Fisher Asset Management LLC now owns 19,120,168 shares of the mining company’s stock valued at $1,262,122,000 after buying an additional 557,234 shares in the last quarter. Finally, Commons Capital LLC acquired a new stake in Rio Tinto in the third quarter valued at approximately $1,980,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RIO. Sanford C. Bernstein raised their target price on shares of Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a research report on Monday, April 27th. Citigroup restated a “neutral” rating on shares of Rio Tinto in a research report on Tuesday, May 26th. Argus set a $120.00 target price on shares of Rio Tinto in a research report on Monday, April 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Rio Tinto in a research report on Wednesday, May 20th. Finally, Barclays lowered shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.75.

Rio Tinto Stock Performance

Shares of NYSE:RIO opened at $100.59 on Monday. The firm’s fifty day moving average is $100.94 and its 200-day moving average is $91.02. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. Rio Tinto PLC has a 52 week low of $55.64 and a 52 week high of $112.58.

About Rio Tinto

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.