Sit Investment Associates Inc. Sells 1,573 Shares of Relx Plc (NYSE:RELX)

Sit Investment Associates Inc. trimmed its position in shares of Relx Plc (NYSE:RELX) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 72,244 shares of the technology company’s stock after selling 1,573 shares during the period. Sit Investment Associates Inc.’s holdings in Relx were worth $3,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RELX. Notis McConarty Edward bought a new position in shares of Relx in the 4th quarter worth about $307,000. Puzo Michael J grew its holdings in Relx by 48.1% in the fourth quarter. Puzo Michael J now owns 9,543 shares of the technology company’s stock worth $433,000 after purchasing an additional 3,100 shares during the period. Pitcairn Co. grew its holdings in Relx by 6.6% in the fourth quarter. Pitcairn Co. now owns 33,479 shares of the technology company’s stock worth $1,521,000 after purchasing an additional 2,082 shares during the period. Huntington National Bank increased its stake in shares of Relx by 15.2% during the fourth quarter. Huntington National Bank now owns 7,515 shares of the technology company’s stock valued at $341,000 after purchasing an additional 994 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Relx during the fourth quarter valued at approximately $2,369,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Trading Down 6.3 %

Shares of RELX stock opened at $48.21 on Monday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The company has a market cap of $89.48 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.73 and a beta of 0.84. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99. The firm has a fifty day moving average price of $49.62 and a 200-day moving average price of $47.92.

Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be paid a $0.5586 dividend. The ex-dividend date is Friday, May 9th. This is a boost from Relx’s previous semi-annual dividend of $0.23. This represents a dividend yield of 1.6%. Relx’s dividend payout ratio is 59.68%.

Analyst Ratings Changes

RELX has been the topic of several analyst reports. The Goldman Sachs Group started coverage on Relx in a report on Wednesday, March 26th. They issued a “buy” rating on the stock. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Redburn Atlantic began coverage on shares of Relx in a report on Wednesday, January 8th. They issued a “buy” rating for the company. Finally, Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

About Relx

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.