HUB Investment Partners LLC Trims Stake in Vale S.A. (NYSE:VALE)

HUB Investment Partners LLC lessened its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 48.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,310 shares of the basic materials company's stock after selling 86,997 shares during the quarter. HUB Investment Partners LLC's holdings in Vale were worth $828,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Vale by 3,692.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company's stock valued at $212,576,000 after purchasing an additional 17,720,100 shares during the last quarter. Holocene Advisors LP bought a new position in Vale during the third quarter valued at approximately $80,300,000. Itau Unibanco Holding S.A. grew its holdings in Vale by 123.4% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company's stock valued at $140,859,000 after buying an additional 6,660,933 shares in the last quarter. FMR LLC increased its stake in Vale by 18.2% in the 3rd quarter. FMR LLC now owns 36,605,338 shares of the basic materials company's stock worth $427,550,000 after acquiring an additional 5,635,167 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Vale by 106.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company's stock worth $86,226,000 after acquiring an additional 5,001,228 shares in the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

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Vale Trading Up 1.3 %

Shares of VALE traded up $0.13 during mid-day trading on Tuesday, reaching $10.07. 27,409,455 shares of the company's stock traded hands, compared to its average volume of 29,414,358. Vale S.A. has a 12 month low of $8.38 and a 12 month high of $13.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The stock has a market cap of $45.71 billion, a P/E ratio of 6.99, a P/E/G ratio of 0.31 and a beta of 0.85. The stock's 50-day moving average is $9.51 and its two-hundred day moving average is $9.89.

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

Vale Increases Dividend

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

Analysts Set New Price Targets

VALE has been the subject of a number of recent research reports. Wolfe Research raised shares of Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Scotiabank reduced their target price on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a report on Monday, January 6th. Barclays lowered their price target on shares of Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a report on Wednesday, December 4th. Morgan Stanley lowered Vale from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Finally, Jefferies Financial Group decreased their price objective on Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Vale presently has an average rating of "Hold" and an average target price of $13.26.

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.