Vale S.A. (NYSE:VALE) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its position in Vale S.A. (NYSE:VALE - Free Report) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,200,907 shares of the basic materials company's stock after buying an additional 127,885 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Vale were worth $10,652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vale in the third quarter worth $28,000. Brooklyn Investment Group raised its position in Vale by 215.9% in the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 1,900 shares during the period. IFP Advisors Inc lifted its stake in shares of Vale by 206.4% during the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock worth $26,000 after purchasing an additional 1,938 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Vale in the third quarter worth about $36,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Vale by 3,092.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company's stock valued at $29,000 after buying an additional 3,092 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Vale Stock Down 3.5 %

Vale stock traded down $0.36 during midday trading on Thursday, hitting $9.74. The stock had a trading volume of 52,874,129 shares, compared to its average volume of 29,895,720. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average price of $9.68 and a 200 day moving average price of $9.89. Vale S.A. has a 12 month low of $8.38 and a 12 month high of $13.14. The stock has a market cap of $44.19 billion, a P/E ratio of 6.76, a P/E/G ratio of 0.31 and a beta of 0.72.

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Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data 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). Vale had a return on equity of 17.38% and a net margin of 16.15%. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.03 billion. Research analysts predict that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on VALE shares. Barclays reduced their price target on Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a research report on Wednesday, December 4th. Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $14.50 to $11.30 in a research note on Thursday, December 12th. Scotiabank dropped their price target on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research note on Monday, January 6th. StockNews.com assumed coverage on shares of Vale in a research report on Wednesday. They issued a "hold" rating for the company. Finally, Jefferies Financial Group cut their price target on Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.