Boston Common Asset Management LLC Has $3.07 Million Stake in Relx Plc $RELX

Boston Common Asset Management LLC lowered its stake in Relx Plc (NYSE:RELX) by 24.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,966 shares of the technology company’s stock after selling 24,702 shares during the quarter. Boston Common Asset Management LLC’s holdings in Relx were worth $3,071,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Global Retirement Partners LLC grew its holdings in shares of Relx by 6.3% during the 3rd quarter. Global Retirement Partners LLC now owns 4,067 shares of the technology company’s stock valued at $194,000 after purchasing an additional 240 shares during the last quarter. Huntington National Bank lifted its stake in Relx by 5.1% in the 3rd quarter. Huntington National Bank now owns 5,150 shares of the technology company’s stock valued at $246,000 after purchasing an additional 250 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in Relx by 3.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 8,039 shares of the technology company’s stock valued at $384,000 after purchasing an additional 252 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Relx by 7.4% in the second quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company’s stock valued at $218,000 after buying an additional 275 shares in the last quarter. Finally, Horizon Investments LLC boosted its position in Relx by 23.0% in the third quarter. Horizon Investments LLC now owns 1,517 shares of the technology company’s stock valued at $72,000 after buying an additional 284 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RELX. Zacks Research cut shares of Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Finally, Citigroup initiated coverage on Relx in a research report on Monday, January 12th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Relx presently has a consensus rating of “Moderate Buy”.

Relx Stock Up 2.5%

RELX opened at $32.76 on Tuesday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44. Relx Plc has a fifty-two week low of $27.57 and a fifty-two week high of $56.33. The company’s 50 day moving average price is $33.61 and its two-hundred day moving average price is $39.77.

Relx (NYSE:RELX) last released its quarterly earnings results on Wednesday, February 11th. The technology company reported $42.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $41.96. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $6.70 billion. As a group, sell-side analysts anticipate that Relx Plc will post 1.68 earnings per share for the current year.

Relx Announces Dividend

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

Relx Company Profile

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.