Pacific Heights Asset Management LLC grew its position in Vale S.A. (NYSE:VALE - Free Report) by 100.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 400,000 shares of the basic materials company's stock after purchasing an additional 200,000 shares during the period. Pacific Heights Asset Management LLC's holdings in Vale were worth $3,548,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC raised its holdings in shares of Vale by 30.9% during the fourth quarter. Lindbrook Capital LLC now owns 9,827 shares of the basic materials company's stock worth $87,000 after purchasing an additional 2,317 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Vale during the 4th quarter valued at about $11,122,000. Assetmark Inc. lifted its holdings in shares of Vale by 11.3% in the 4th quarter. Assetmark Inc. now owns 204,231 shares of the basic materials company's stock valued at $1,812,000 after buying an additional 20,735 shares during the period. Fourth Sail Capital LP acquired a new position in shares of Vale in the 4th quarter valued at about $31,305,000. Finally, Keynote Financial Services LLC boosted its stake in shares of Vale by 263.0% in the fourth quarter. Keynote Financial Services LLC now owns 42,603 shares of the basic materials company's stock worth $378,000 after buying an additional 30,866 shares during the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.
Vale Price Performance
Shares of NYSE VALE traded up $0.16 during trading on Tuesday, hitting $9.40. The company had a trading volume of 36,468,408 shares, compared to its average volume of 35,863,645. The firm has a market capitalization of $42.64 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85. The stock has a fifty day simple moving average of $9.26 and a two-hundred day simple moving average of $9.94. The company has a quick ratio of 0.58, a current ratio of 0.91 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 issued its quarterly 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). Vale had a net margin of 16.15% and a return on equity of 17.38%. The company had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $10.03 billion. On average, research analysts expect that Vale S.A. will post 1.85 earnings per share for the current year.
Vale Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.3758 per share. This represents a dividend yield of 7.5%. This is a boost from Vale's previous semi-annual dividend of $0.30. The ex-dividend date of this dividend is Monday, March 10th. Vale's payout ratio is presently 88.89%.
Analyst Ratings Changes
A number of research analysts have issued reports on VALE shares. Barclays decreased their price target on Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a report on Wednesday, December 4th. Scotiabank decreased their target price on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a research note on Monday, January 6th. Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Jefferies Financial Group cut their price objective on shares of Vale from $14.00 to $11.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, Wolfe Research upgraded shares of Vale from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $13.26.
Check Out Our Latest Research Report on Vale
Vale Profile
(
Free Report)
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.
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