Parametric Portfolio Associates LLC raised its stake in shares of Rio Tinto plc (NYSE:RIO) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 954,715 shares of the mining company’s stock after purchasing an additional 90,656 shares during the quarter. Parametric Portfolio Associates LLC owned 0.07% of Rio Tinto worth $45,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Acrospire Investment Management LLC lifted its position in Rio Tinto by 13.0% during the second quarter. Acrospire Investment Management LLC now owns 2,599 shares of the mining company’s stock valued at $110,000 after purchasing an additional 299 shares during the last quarter. Zions Bancorporation lifted its position in Rio Tinto by 2,992.2% during the third quarter. Zions Bancorporation now owns 2,381 shares of the mining company’s stock valued at $112,000 after purchasing an additional 2,304 shares during the last quarter. Hudock Capital Group LLC lifted its position in Rio Tinto by 125.4% during the second quarter. Hudock Capital Group LLC now owns 2,795 shares of the mining company’s stock valued at $118,000 after purchasing an additional 1,555 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Rio Tinto by 212.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,187 shares of the mining company’s stock valued at $135,000 after purchasing an additional 2,166 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Rio Tinto by 120.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,753 shares of the mining company’s stock valued at $159,000 after purchasing an additional 2,048 shares during the last quarter. Institutional investors and hedge funds own 7.19% of the company’s stock.

Shares of Rio Tinto plc (NYSE RIO) opened at $50.57 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31. Rio Tinto plc has a 1-year low of $37.66 and a 1-year high of $50.77.

RIO has been the subject of a number of recent research reports. Royal Bank of Canada lowered shares of Rio Tinto from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $47.87 to $48.37 in a report on Monday, October 23rd. 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. ValuEngine lowered shares of Rio Tinto from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a report on Saturday, October 7th. Finally, Citigroup lowered shares of Rio Tinto from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $51.59.

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About Rio Tinto

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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