Kiltearn Partners LLP Purchases 124,900 Shares of Vale S.A. (NYSE:VALE)

Kiltearn Partners LLP boosted its holdings in Vale S.A. (NYSE:VALE - Free Report) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,809,700 shares of the basic materials company's stock after purchasing an additional 124,900 shares during the period. Vale makes up 2.6% of Kiltearn Partners LLP's portfolio, making the stock its 14th largest position. Kiltearn Partners LLP's holdings in Vale were worth $16,052,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Vale by 18.2% in the 3rd quarter. FMR LLC now owns 36,605,338 shares of the basic materials company's stock valued at $427,550,000 after acquiring an additional 5,635,167 shares during the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of Vale by 123.4% during the third 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 purchasing an additional 6,660,933 shares during the period. Mondrian Investment Partners LTD grew its holdings in shares of Vale by 13.3% in the fourth quarter. Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company's stock worth $109,202,000 after purchasing an additional 1,381,475 shares during the last quarter. State Street Corp increased its stake in shares of Vale by 4.8% in the third quarter. State Street Corp now owns 11,117,942 shares of the basic materials company's stock worth $129,858,000 after buying an additional 507,245 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in 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 valued at $88,396,000 after buying an additional 2,014,652 shares during the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have weighed in on VALE shares. Morgan Stanley cut Vale from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Jefferies Financial Group cut their price target on shares of Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Wolfe Research upgraded shares of Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Barclays cut their target price on shares of Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a research note on Wednesday, December 4th. Finally, StockNews.com began coverage on shares of Vale in a research note on Tuesday, March 25th. They issued a "hold" rating for the company. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $13.26.

Vale Stock Down 0.4 %

VALE traded down $0.05 during midday trading on Monday, reaching $10.00. The company's stock had a trading volume of 23,170,996 shares, compared to its average volume of 34,319,945. Vale S.A. has a 1 year low of $8.38 and a 1 year high of $13.14. The stock's 50-day moving average is $9.61 and its 200-day moving average is $9.89. The firm has a market capitalization of $45.37 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 0.31 and a beta of 0.85. 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 posted 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). Vale had a return on equity of 17.38% and a net margin of 16.15%. The company had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $10.03 billion. As a group, research analysts expect that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.3758 dividend. This represents a dividend yield of 7.5%. The ex-dividend date was Monday, March 10th. This is a positive change from Vale's previous semi-annual dividend of $0.30. Vale's payout ratio is currently 52.08%.

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.