Deutsche Bank AG increased its stake in Vale S.A. (NYSE:VALE - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,017,355 shares of the basic materials company's stock after acquiring an additional 250,723 shares during the period. Deutsche Bank AG owned approximately 0.11% of Vale worth $44,504,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC raised its holdings in Vale by 28.8% in the 4th quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock valued at $418,338,000 after buying an additional 10,557,888 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Vale by 20.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,995,398 shares of the basic materials company's stock worth $301,541,000 after buying an additional 5,775,590 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position 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 purchasing an additional 13,298,912 shares in the last quarter. Mondrian Investment Partners LTD lifted its stake in shares of Vale by 13.3% in the fourth quarter. Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company's stock worth $109,202,000 after buying an additional 1,381,475 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Vale by 25.3% in the fourth 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 purchasing an additional 2,014,652 shares in the last quarter. 21.85% of the stock is owned by institutional investors.
Vale Stock Down 0.2%
Shares of VALE stock traded down $0.02 on Monday, hitting $9.79. The stock had a trading volume of 6,081,986 shares, compared to its average volume of 30,647,089. Vale S.A. has a one year low of $8.06 and a one year high of $13.14. The business has a 50 day moving average price of $9.50 and a 200 day moving average price of $9.48. 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 company has a market cap of $44.41 billion, a PE ratio of 6.80, a P/E/G ratio of 0.31 and a beta of 0.83.
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 the consensus estimate of $0.37 by ($0.02). Vale had a return on equity of 17.38% and a net margin of 16.15%. The company had revenue of $8.12 billion during the quarter, compared to analysts' expectations of $8.39 billion. Research analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current fiscal year.
Vale Increases Dividend
The business also recently announced 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 a boost from Vale's previous semi-annual dividend of $0.30. The ex-dividend date of this dividend was Monday, March 10th. This represents a dividend yield of 7.5%. Vale's dividend payout ratio is presently 54.35%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on VALE. UBS Group reduced their price target on shares of Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. StockNews.com began coverage on shares of Vale in a research report on Wednesday, May 7th. They set a "hold" rating for the company. CICC Research began coverage on shares of Vale in a research report on Monday, May 12th. They set an "outperform" rating and a $11.30 price target on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $11.00 price target (down previously from $12.00) on shares of Vale in a report on Thursday, April 17th. Finally, Bank of America raised Vale from a "neutral" rating to a "buy" rating and upped their price target for the company from $11.00 to $11.50 in a research report on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Vale has a consensus rating of "Hold" and an average target price of $12.04.
Read Our Latest Report on VALE
About Vale
(
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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