Rockefeller Capital Management L.P. Has $431,000 Holdings in Vale S.A. (NYSE:VALE)

Rockefeller Capital Management L.P. lowered its position in Vale S.A. (NYSE:VALE - Free Report) by 52.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,603 shares of the basic materials company's stock after selling 52,698 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Vale were worth $431,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in Vale by 328.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company's stock worth $153,891,000 after buying an additional 13,298,912 shares during the last quarter. FMR LLC increased its stake in Vale by 28.8% in the fourth quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock valued at $418,338,000 after purchasing an additional 10,557,888 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Vale by 106.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company's stock valued at $86,226,000 after purchasing an additional 5,001,228 shares during the period. Fourth Sail Capital LP purchased a new stake in shares of Vale in the fourth quarter valued at about $31,305,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Vale by 25.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,965,672 shares of the basic materials company's stock worth $88,396,000 after buying an additional 2,014,652 shares during the period. Institutional investors and hedge funds own 21.85% of the company's stock.

Vale Stock Up 1.0 %

NYSE VALE traded up $0.10 during trading hours on Monday, reaching $9.60. 15,898,640 shares of the company traded hands, compared to its average volume of 30,557,781. The stock has a market capitalization of $43.55 billion, a PE ratio of 6.66, a PEG ratio of 0.31 and a beta of 0.73. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $13.14. The company has a 50 day moving average of $9.56 and a two-hundred day moving average of $9.62. 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 issued its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). Vale had a net margin of 16.15% and a return on equity of 17.38%. The business had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.39 billion. As a group, equities analysts expect that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.3758 per share. This is an increase from Vale's previous semi-annual dividend of $0.30. This represents a yield of 7.5%. The ex-dividend date of this dividend was Monday, March 10th. Vale's payout ratio is 54.35%.

Analyst Upgrades and Downgrades

VALE has been the topic of a number of recent research reports. Wolfe Research raised Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Jefferies Financial Group dropped their price objective on shares of Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. StockNews.com began coverage on shares of Vale in a research note on Wednesday, April 2nd. They issued a "hold" rating for the company. Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $11.00 price objective (down previously from $12.00) on shares of Vale in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $12.44.

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.