Rio Tinto Group (NYSE:RIO) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in Rio Tinto Group (NYSE:RIO) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,671 shares of the mining company’s stock after purchasing an additional 1,205 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Rio Tinto Group were worth $5,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Winch Advisory Services LLC bought a new position in Rio Tinto Group in the 3rd quarter worth approximately $26,000. FSC Wealth Advisors LLC bought a new position in shares of Rio Tinto Group in the third quarter worth $28,000. Sound Income Strategies LLC increased its holdings in shares of Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock valued at $30,000 after purchasing an additional 173 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Rio Tinto Group by 63.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock valued at $29,000 after purchasing an additional 195 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Rio Tinto Group in the third quarter worth about $38,000. Institutional investors own 19.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on RIO. Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group cut their price objective on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.00.

Rio Tinto Group Stock Performance

Shares of NYSE:RIO opened at $61.81 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average of $60.95 and a 200-day moving average of $63.48. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24.

About Rio Tinto Group

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.