BB&T Securities LLC lifted its position in Rio Tinto PLC (NYSE:RIO) by 19.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,248 shares of the mining company’s stock after acquiring an additional 3,129 shares during the quarter. BB&T Securities LLC’s holdings in Rio Tinto were worth $908,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RIO. Geode Capital Management LLC lifted its holdings in shares of Rio Tinto by 13.8% in the 1st quarter. Geode Capital Management LLC now owns 25,180 shares of the mining company’s stock worth $1,024,000 after acquiring an additional 3,061 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Rio Tinto by 10.4% in the 2nd quarter. Bessemer Group Inc. now owns 30,203 shares of the mining company’s stock worth $1,278,000 after acquiring an additional 2,857 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Rio Tinto by 9.8% in the 2nd quarter. IFP Advisors Inc now owns 4,255 shares of the mining company’s stock worth $180,000 after acquiring an additional 381 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Rio Tinto by 46.4% in the 2nd quarter. First Trust Advisors LP now owns 21,647 shares of the mining company’s stock worth $916,000 after acquiring an additional 6,857 shares during the last quarter. Finally, Bourgeon Capital Management LLC lifted its holdings in shares of Rio Tinto by 0.4% in the 2nd quarter. Bourgeon Capital Management LLC now owns 71,925 shares of the mining company’s stock worth $3,043,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 7.19% of the company’s stock.

Rio Tinto PLC (RIO) traded up $0.11 during trading hours on Friday, hitting $47.17. 2,329,078 shares of the stock traded hands, compared to its average volume of 2,105,351. Rio Tinto PLC has a twelve month low of $37.66 and a twelve month high of $50.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.71 and a quick ratio of 1.34.

Several research firms have recently issued reports on RIO. Citigroup restated a “buy” rating on shares of Rio Tinto in a report on Tuesday. J P Morgan Chase & Co lowered shares of Rio Tinto from an “overweight” rating to a “neutral” rating in a report on Monday, November 13th. Societe Generale upgraded shares of Rio Tinto from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Royal Bank Of Canada lowered shares of Rio Tinto from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $47.87 to $48.37 in a report on Monday, October 23rd. Finally, Cowen set a $47.00 price objective on shares of Rio Tinto and gave the company a “hold” rating in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $51.59.

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Rio Tinto Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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

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