Syntax Research Inc. Has $2.23 Million Stake in Vale S.A. (NYSE:VALE)

Syntax Research Inc. raised its holdings in Vale S.A. (NYSE:VALE - Free Report) by 1,379.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 251,250 shares of the basic materials company's stock after acquiring an additional 234,267 shares during the quarter. Vale comprises approximately 1.6% of Syntax Research Inc.'s holdings, making the stock its 25th largest position. Syntax Research Inc.'s holdings in Vale were worth $2,229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Vale by 3,692.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company's stock valued at $212,576,000 after buying an additional 17,720,100 shares in the last quarter. Holocene Advisors LP bought a new position in shares of Vale in the 3rd quarter valued at approximately $80,300,000. Itau Unibanco Holding S.A. raised its position in shares of Vale by 123.4% in the third 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 purchasing an additional 6,660,933 shares during the period. FMR LLC lifted its stake in shares of Vale by 18.2% in the third quarter. FMR LLC now owns 36,605,338 shares of the basic materials company's stock worth $427,550,000 after buying an additional 5,635,167 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake 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 purchasing an additional 5,001,228 shares during the period. Institutional investors and hedge funds own 21.85% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Jefferies Financial Group cut their target price on shares of Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Morgan Stanley lowered shares of Vale from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. StockNews.com assumed coverage on Vale in a report on Tuesday. They issued a "hold" rating for the company. Wolfe Research upgraded shares of Vale from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Finally, Scotiabank decreased their price objective 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. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vale has an average rating of "Hold" and a consensus target price of $13.26.

Vale Stock Performance

Shares of Vale stock traded down $0.12 during trading on Friday, reaching $10.06. The company's stock had a trading volume of 21,440,300 shares, compared to its average volume of 29,867,813. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The business's 50-day moving average price is $9.61 and its 200-day moving average price is $9.90. Vale S.A. has a 52 week low of $8.38 and a 52 week high of $13.14. The firm has a market cap of $45.64 billion, a PE ratio of 6.98, a P/E/G ratio of 0.31 and a beta of 0.85.

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

Vale Increases Dividend

The business also recently disclosed 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 represents a yield of 7.5%. The ex-dividend date was Monday, March 10th. This is a positive change from Vale's previous semi-annual dividend of $0.30. Vale's dividend payout ratio (DPR) is 52.08%.

Vale Company 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.