97,153 Shares in Vale S.A. (NYSE:VALE) Purchased by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in Vale S.A. (NYSE:VALE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 97,153 shares of the basic materials company's stock, valued at approximately $862,000.

Several other hedge funds also recently bought and sold shares of VALE. Arrowstreet Capital Limited Partnership increased its holdings in Vale by 328.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company's stock valued at $153,891,000 after buying an additional 13,298,912 shares during the period. FMR LLC boosted its position in Vale by 28.8% during the 4th quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock valued at $418,338,000 after acquiring an additional 10,557,888 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Vale by 106.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company's stock valued at $86,226,000 after acquiring an additional 5,001,228 shares during the period. Fourth Sail Capital LP bought a new position in shares of Vale in the 4th quarter worth $31,305,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Vale by 25.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,965,672 shares of the basic materials company's stock worth $88,396,000 after purchasing an additional 2,014,652 shares during the last quarter. Institutional investors own 21.85% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. Jefferies Financial Group reduced their price target on Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Scotiabank lowered their price objective on Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a research report on Monday, January 6th. StockNews.com initiated coverage on Vale in a research report on Wednesday, April 2nd. They set a "hold" rating on the stock. Finally, Wolfe Research upgraded Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.65.

Vale Stock Performance

NYSE VALE traded down $0.13 on Wednesday, hitting $9.00. 25,821,163 shares of the company's stock traded hands, compared to its average volume of 30,670,437. The firm has a market capitalization of $40.85 billion, a PE ratio of 6.25, a P/E/G ratio of 0.31 and a beta of 0.73. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $13.14. The firm's 50-day moving average price is $9.61 and its two-hundred day moving average price is $9.75. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36). The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. As a group, analysts expect 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. Shareholders of record on Monday, March 10th were given a $0.3758 dividend. This represents a yield of 7.5%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Vale's previous semi-annual dividend of $0.30. Vale's dividend payout ratio is currently 52.08%.

Vale 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.