43,000 Shares in Vale S.A. (NYSE:VALE) Acquired by Sava Infond d.o.o.

Sava Infond d.o.o. acquired a new stake in shares of Vale S.A. (NYSE:VALE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,000 shares of the basic materials company's stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VALE. Holocene Advisors LP bought a new stake in shares of Vale during the 3rd quarter valued at $80,300,000. Itau Unibanco Holding S.A. grew its holdings in 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 valued at $140,859,000 after buying an additional 6,660,933 shares in the last quarter. FMR LLC increased its position in shares of Vale by 18.2% during the third quarter. FMR LLC now owns 36,605,338 shares of the basic materials company's stock valued at $427,550,000 after buying an additional 5,635,167 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of 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 worth $86,226,000 after buying an additional 5,001,228 shares in the last quarter. Finally, Fourth Sail Capital LP bought a new position in shares of Vale in the fourth quarter valued at approximately $31,305,000. Institutional investors own 21.85% of the company's stock.

Vale Price Performance

Shares of Vale stock traded down $0.08 during trading on Monday, hitting $9.97. 21,221,899 shares of the stock traded hands, compared to its average volume of 29,836,087. The stock has a market cap of $45.23 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 0.31 and a beta of 0.85. 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 52 week low of $8.38 and a 52 week high of $13.14. The firm's fifty day moving average is $9.61 and its 200-day moving average is $9.89.

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Vale (NYSE:VALE - Get Free Report) last issued its earnings results 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). The firm had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. Research analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $0.3758 dividend. This represents a yield of 7.5%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Vale's previous semi-annual dividend of $0.30. Vale's dividend payout ratio (DPR) is presently 52.08%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Scotiabank lowered their target price 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 initiated coverage on Vale in a research report on Tuesday, March 25th. They issued a "hold" rating on the stock. Morgan Stanley cut Vale from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Barclays lowered their price target on Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a report on Wednesday, December 4th. Finally, Wolfe Research raised Vale from an "underperform" rating to a "peer perform" rating in a 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.