Janus Henderson Group PLC Grows Stock Holdings in Valaris Limited $VAL

Janus Henderson Group PLC raised its holdings in Valaris Limited (NYSE:VAL) by 103.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 55,868 shares of the company’s stock after acquiring an additional 28,400 shares during the period. Janus Henderson Group PLC’s holdings in Valaris were worth $5,481,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. WINTON GROUP Ltd boosted its holdings in shares of Valaris by 0.5% during the fourth quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock worth $1,387,000 after purchasing an additional 146 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Valaris by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 31,465 shares of the company’s stock valued at $3,085,000 after purchasing an additional 169 shares during the last quarter. State of Michigan Retirement System lifted its position in Valaris by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock worth $1,520,000 after buying an additional 200 shares during the period. Signaturefd LLC boosted its stake in Valaris by 22.1% in the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after buying an additional 205 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Valaris by 1.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company’s stock worth $746,000 after buying an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Analyst Upgrades and Downgrades

VAL has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a report on Monday. Susquehanna decreased their target price on shares of Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $60.31.

Valaris Stock Up 0.6%

Shares of NYSE VAL opened at $77.42 on Friday. The stock has a market capitalization of $5.36 billion, a PE ratio of 5.78 and a beta of 0.94. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $80.36 and a 200-day moving average of $86.15. Valaris Limited has a 52-week low of $43.53 and a 52-week high of $114.12.

Valaris (NYSE:VAL) last issued its earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.41. Valaris had a return on equity of 9.48% and a net margin of 43.95%.The business had revenue of $539.20 million for the quarter, compared to analyst estimates of $488.52 million. During the same period last year, the company posted $1.61 EPS. The business’s quarterly revenue was down 12.4% on a year-over-year basis. On average, analysts anticipate that Valaris Limited will post 3.18 EPS for the current year.

Valaris Profile

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.