Capital International Inc. CA Acquires 96,495 Shares of Vale S.A. (NYSE:VALE)

Capital International Inc. CA lifted its position in Vale S.A. (NYSE:VALE - Free Report) by 25.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 474,272 shares of the basic materials company's stock after buying an additional 96,495 shares during the period. Capital International Inc. CA's holdings in Vale were worth $4,207,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Vale by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,865,596 shares of the basic materials company's stock worth $69,767,000 after acquiring an additional 313,431 shares in the last quarter. First Trust Advisors LP acquired a new stake in Vale during the 4th quarter worth about $746,000. Contrarian Capital Management L.L.C. lifted its stake in Vale by 70.5% during the fourth quarter. Contrarian Capital Management L.L.C. now owns 3,686,411 shares of the basic materials company's stock valued at $32,698,000 after buying an additional 1,524,679 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Vale by 2,160.3% in the fourth quarter. NewEdge Advisors LLC now owns 75,696 shares of the basic materials company's stock worth $671,000 after buying an additional 72,347 shares during the period. Finally, Bridgewater Associates LP increased its position in shares of Vale by 95.4% in the fourth quarter. Bridgewater Associates LP now owns 3,977,115 shares of the basic materials company's stock worth $35,277,000 after acquiring an additional 1,941,638 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Vale Stock Performance

Shares of Vale stock traded down $0.24 on Friday, reaching $9.51. The stock had a trading volume of 33,096,109 shares, compared to its average volume of 30,587,110. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $13.14. The business's 50-day moving average price is $9.57 and its two-hundred day moving average price is $9.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The stock has a market cap of $43.17 billion, a P/E ratio of 6.60, a price-to-earnings-growth ratio of 0.31 and a beta of 0.73.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.36). The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. On average, sell-side analysts forecast that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.3758 per share. This is an increase from Vale's previous semi-annual dividend of $0.30. The ex-dividend date of this dividend was Monday, March 10th. This represents a dividend yield of 7.5%. Vale's payout ratio is presently 52.08%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $11.00 price objective (down from $12.00) on shares of Vale in a research report on Thursday, April 17th. StockNews.com began coverage on Vale in a research note on Wednesday, April 2nd. They issued a "hold" rating for the company. Wolfe Research upgraded Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Jefferies Financial Group lowered their price objective on shares of Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Scotiabank decreased their target price on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Vale presently has a consensus rating of "Hold" and a consensus target price of $12.44.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.