1,082,213 Shares in Vale S.A. (NYSE:VALE) Purchased by Trexquant Investment LP

Trexquant Investment LP acquired a new position in shares of Vale S.A. (NYSE:VALE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,082,213 shares of the basic materials company's stock, valued at approximately $9,599,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Vale by 328.3% in 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 purchasing an additional 13,298,912 shares during the period. Robeco Institutional Asset Management B.V. raised 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 worth $86,226,000 after buying an additional 5,001,228 shares in the last quarter. Fourth Sail Capital LP purchased a new stake in Vale during the fourth quarter worth $31,305,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Vale by 25.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,965,672 shares of the basic materials company's stock valued at $88,396,000 after acquiring an additional 2,014,652 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Vale by 64.6% in the 4th quarter. Wellington Management Group LLP now owns 3,713,475 shares of the basic materials company's stock valued at $32,939,000 after acquiring an additional 1,457,586 shares during the period. 21.85% of the stock is owned by institutional investors.

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Vale Stock Performance

Shares of NYSE VALE traded down $0.64 during mid-day trading on Friday, hitting $9.10. The stock had a trading volume of 73,632,595 shares, compared to its average volume of 30,023,510. The firm has a market cap of $41.28 billion, a PE ratio of 6.32, a PEG ratio of 0.31 and a beta of 0.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The company has a 50 day moving average of $9.70 and a two-hundred day moving average of $9.88. Vale S.A. has a twelve month low of $8.38 and a twelve month high of $13.14.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data 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 predict that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.3758 dividend. This is an increase from Vale's previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. The ex-dividend date was Monday, March 10th. Vale's dividend payout ratio is 52.08%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VALE. Jefferies Financial Group decreased their price objective on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Scotiabank cut 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 report on Monday, January 6th. StockNews.com initiated coverage on shares of Vale in a research note on Wednesday. They set a "hold" rating for the company. Wolfe Research upgraded shares of Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley lowered Vale from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Vale has an average rating of "Hold" and an average price target of $12.86.

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.