Relx (NYSE:RELX) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Relx (NYSE:RELX) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other research analysts have also recently issued reports on RELX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Citigroup assumed coverage on shares of Relx in a report on Monday, January 12th. They issued a “neutral” rating for the company. Zacks Research cut Relx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Relx has an average rating of “Moderate Buy”.

Relx Price Performance

Shares of NYSE:RELX opened at $35.72 on Friday. Relx has a 1-year low of $27.57 and a 1-year high of $56.33. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. The business has a fifty day moving average price of $36.16 and a 200-day moving average price of $41.32.

Relx (NYSE:RELX) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.42). The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $6.70 billion. As a group, analysts anticipate that Relx will post 1.68 EPS for the current year.

Relx Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.6559 per share. This represents a dividend yield of 422.0%. The ex-dividend date of this dividend is Friday, May 8th.

Institutional Trading of Relx

Large investors have recently made changes to their positions in the stock. Capital International Investors lifted its position in Relx by 66.7% during the fourth quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock valued at $433,887,000 after purchasing an additional 4,264,474 shares during the period. Orion Porfolio Solutions LLC grew its position in Relx by 622.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock worth $73,369,000 after purchasing an additional 1,163,189 shares during the period. Millennium Management LLC grew its position in Relx by 251.6% in the 4th quarter. Millennium Management LLC now owns 1,207,191 shares of the technology company’s stock worth $48,795,000 after purchasing an additional 863,856 shares during the period. Voloridge Investment Management LLC purchased a new stake in Relx during the 3rd quarter valued at $39,737,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Relx by 80.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,488,278 shares of the technology company’s stock valued at $60,156,000 after buying an additional 664,888 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors.

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.