Community Bank & Trust Waco Texas Grows Stake in Rio Tinto Group (NYSE:RIO)

Community Bank & Trust Waco Texas increased its holdings in shares of Rio Tinto Group (NYSE:RIO) by 20.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,574 shares of the mining company’s stock after purchasing an additional 4,188 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Rio Tinto Group were worth $1,455,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Winch Advisory Services LLC purchased a new position in Rio Tinto Group during the 3rd quarter valued at approximately $26,000. FSC Wealth Advisors LLC purchased a new position in shares of Rio Tinto Group in the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Rio Tinto Group by 63.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after purchasing an additional 195 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Rio Tinto Group by 70.9% in the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after purchasing an additional 173 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Rio Tinto Group in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Price Performance

RIO opened at $62.23 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24. The stock has a fifty day moving average price of $60.72 and a 200-day moving average price of $62.99.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 25th. Jefferies Financial Group dropped their price objective on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.00.

About Rio Tinto Group

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.