Mondrian Investment Partners LTD lifted its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,754,809 shares of the basic materials company's stock after acquiring an additional 1,381,475 shares during the quarter. Mondrian Investment Partners LTD owned 0.26% of Vale worth $109,202,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Vale by 3,692.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company's stock worth $212,576,000 after purchasing an additional 17,720,100 shares during the period. Holocene Advisors LP purchased a new stake in shares of Vale during the third quarter worth approximately $80,300,000. Itau Unibanco Holding S.A. raised its holdings in 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 acquiring an additional 6,660,933 shares in the last quarter. FMR LLC lifted its stake in 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 acquiring an additional 5,635,167 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Vale by 106.0% during the 4th 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 acquiring an additional 5,001,228 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.
Vale Stock Performance
Vale stock traded up $0.12 during midday trading on Tuesday, hitting $10.20. 37,146,187 shares of the company's stock were exchanged, compared to its average volume of 29,179,123. The firm's 50 day simple moving average is $9.35 and its 200 day simple moving average is $9.90. Vale S.A. has a 12-month low of $8.38 and a 12-month high of $13.14. 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 stock has a market cap of $46.32 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85.
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 (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $10.03 billion. Equities research analysts predict that Vale S.A. will post 1.85 EPS for the current year.
Vale Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.3758 per share. This represents a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Vale's previous semi-annual dividend of $0.30. Vale's dividend payout ratio is 52.08%.
Wall Street Analyst Weigh In
VALE has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a research report on Wednesday, December 4th. Wolfe Research raised Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. StockNews.com downgraded Vale from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Jefferies Financial Group decreased their target price on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, Scotiabank dropped their price target 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Vale currently has a consensus rating of "Hold" and an average price target of $13.26.
Get 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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