Redwood Investments LLC Makes New Investment in Relx Plc (NYSE:RELX)

Redwood Investments LLC purchased a new position in shares of Relx Plc (NYSE:RELX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,652 shares of the technology company’s stock, valued at approximately $120,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. CENTRAL TRUST Co grew its position in shares of Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after purchasing an additional 529 shares during the last quarter. Transce3nd LLC bought a new position in Relx in the 4th quarter valued at about $40,000. Sierra Ocean LLC bought a new stake in Relx during the fourth quarter worth $43,000. Brown Brothers Harriman & Co. increased its position in Relx by 218.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock worth $44,000 after purchasing an additional 662 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Relx by 19.2% during the fourth quarter. Private Trust Co. NA now owns 1,237 shares of the technology company’s stock worth $56,000 after buying an additional 199 shares in the last quarter. 15.02% of the stock is owned by institutional investors.

Relx Trading Up 1.2%

Shares of RELX opened at $53.02 on Thursday. Relx Plc has a 1-year low of $43.28 and a 1-year high of $55.21. The firm’s 50 day simple moving average is $50.86 and its 200 day simple moving average is $48.80. The company has a market capitalization of $98.13 billion, a P/E ratio of 28.51, a P/E/G ratio of 2.73 and a beta of 0.86. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47.

Relx Increases Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on RELX. Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Wednesday, April 16th. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group began coverage on Relx in a research report on Wednesday, March 26th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

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.