StockNews.com Downgrades Relx (NYSE:RELX) to Hold

StockNews.com cut shares of Relx (NYSE:RELX) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Separately, Redburn Atlantic started coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating for the company.

Relx Price Performance

Shares of RELX stock opened at $48.98 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. Relx has a 12-month low of $40.25 and a 12-month high of $51.99. The firm has a fifty day moving average of $48.48 and a 200-day moving average of $47.51. The firm has a market capitalization of $91.02 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a $0.5586 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 1.6%. This is a positive change from Relx’s previous semi-annual dividend of $0.23. Relx’s payout ratio is presently 59.68%.

Hedge Funds Weigh In On Relx

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Relx by 8.3% during the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after acquiring an additional 548,423 shares during the last quarter. Bank of America Corp DE boosted its holdings in Relx by 4.2% during the fourth quarter. Bank of America Corp DE now owns 6,246,462 shares of the technology company’s stock worth $283,714,000 after purchasing an additional 253,107 shares during the last quarter. Lazard Asset Management LLC grew its position in Relx by 1.2% in the fourth quarter. Lazard Asset Management LLC now owns 4,224,334 shares of the technology company’s stock valued at $191,868,000 after purchasing an additional 48,793 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Relx by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,189,886 shares of the technology company’s stock valued at $144,885,000 after buying an additional 121,831 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Relx by 368.7% during the 4th quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company’s stock worth $127,437,000 after buying an additional 2,208,119 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.