Greenleaf Trust Has $1.46 Million Holdings in Rio Tinto plc ADR (RIO)

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Greenleaf Trust cut its stake in shares of Rio Tinto plc ADR (NYSE:RIO) by 3.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,758 shares of the mining company’s stock after selling 780 shares during the quarter. Greenleaf Trust’s holdings in Rio Tinto were worth $1,457,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Community Bank N.A. lifted its holdings in shares of Rio Tinto by 4.3% during the fourth quarter. Community Bank N.A. now owns 4,848 shares of the mining company’s stock valued at $235,000 after acquiring an additional 200 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Rio Tinto by 10.7% during the fourth quarter. Parallel Advisors LLC now owns 2,164 shares of the mining company’s stock valued at $104,000 after acquiring an additional 209 shares during the period. Creative Planning lifted its holdings in shares of Rio Tinto by 1.4% during the first quarter. Creative Planning now owns 20,444 shares of the mining company’s stock valued at $1,203,000 after acquiring an additional 287 shares during the period. Kovack Advisors Inc. lifted its holdings in shares of Rio Tinto by 5.7% during the first quarter. Kovack Advisors Inc. now owns 5,605 shares of the mining company’s stock valued at $330,000 after acquiring an additional 300 shares during the period. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Rio Tinto by 4.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 7,969 shares of the mining company’s stock valued at $386,000 after acquiring an additional 303 shares during the period. 7.68% of the stock is owned by institutional investors.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Vertical Research upgraded Rio Tinto from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Vertical Group upgraded Rio Tinto from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. BNP Paribas lowered Rio Tinto from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 10th. Finally, CLSA lowered Rio Tinto from an “outperform” rating to an “underperform” rating in a research note on Thursday, February 7th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Rio Tinto presently has a consensus rating of “Hold” and a consensus price target of $62.33.

Shares of NYSE:RIO opened at $59.74 on Tuesday. Rio Tinto plc ADR has a twelve month low of $44.62 and a twelve month high of $63.27. The firm has a market capitalization of $76.28 billion, a PE ratio of 11.78 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.98 and a quick ratio of 1.65.

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Rio Tinto Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Institutional Ownership by Quarter for Rio Tinto (NYSE:RIO)

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