26,500 Shares in Vale S.A. (NYSE:VALE) Acquired by one8zero8 LLC

one8zero8 LLC bought a new position in shares of Vale S.A. (NYSE:VALE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 26,500 shares of the basic materials company's stock, valued at approximately $235,000.

Several other hedge funds have also modified their holdings of VALE. Healthcare of Ontario Pension Plan Trust Fund boosted its stake 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 worth $212,576,000 after acquiring an additional 17,720,100 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Vale during the 3rd quarter worth about $80,300,000. Itau Unibanco Holding S.A. boosted its stake in shares of 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 worth $140,859,000 after acquiring an additional 6,660,933 shares in the last quarter. FMR LLC raised its position in shares of Vale by 18.2% during the 3rd quarter. FMR LLC now owns 36,605,338 shares of the basic materials company's stock worth $427,550,000 after purchasing an additional 5,635,167 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position 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 purchasing an additional 5,001,228 shares during the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Scotiabank reduced their price target on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a research report on Monday, January 6th. Wolfe Research upgraded shares of Vale from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Jefferies Financial Group reduced their price target on shares of Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Finally, Barclays reduced their price target on shares of Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a research report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $13.26.

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Vale Price Performance

VALE stock traded down $0.05 during mid-day trading on Thursday, reaching $10.15. The company's stock had a trading volume of 31,145,149 shares, compared to its average volume of 29,301,916. The company's 50 day moving average is $9.41 and its two-hundred day moving average is $9.90. The stock has a market cap of $46.05 billion, a PE ratio of 7.05, a P/E/G 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 S.A. has a fifty-two week low of $8.38 and a fifty-two week high of $13.14.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.36). The firm 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%. Equities research analysts expect that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.3758 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a dividend yield of 7.5%. This is an increase from Vale's previous semi-annual dividend of $0.30. Vale's dividend payout ratio (DPR) is currently 52.08%.

About Vale

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.