Advanced Portfolio Management LLC Makes New Investment in Vale S.A. (NYSE:VALE)

Advanced Portfolio Management LLC bought a new stake in Vale S.A. (NYSE:VALE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 80,000 shares of the basic materials company's stock, valued at approximately $710,000.

Several other institutional investors and hedge funds have also bought and sold shares of VALE. FMR LLC boosted its position in Vale by 28.8% during the fourth quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock worth $418,338,000 after purchasing an additional 10,557,888 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings 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 during the period. Arrowstreet Capital Limited Partnership grew its stake in 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 valued at $153,891,000 after buying an additional 13,298,912 shares during the last quarter. Mondrian Investment Partners LTD raised its holdings in Vale by 13.3% in the 4th quarter. Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company's stock valued at $109,202,000 after acquiring an additional 1,381,475 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Vale by 25.3% in 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 during the period. Institutional investors own 21.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group decreased their target price on Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Bank of America raised Vale from a "neutral" rating to a "buy" rating and upped their price objective for the company from $11.00 to $11.50 in a report on Thursday, April 10th. Wolfe Research raised Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Royal Bank of Canada restated a "sector perform" rating and issued a $11.00 price target (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. Finally, Jefferies Financial Group lowered their price target on shares of Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Vale currently has an average rating of "Hold" and an average target price of $12.13.

Vale Trading Down 0.6 %

Shares of VALE traded down $0.06 during trading hours on Monday, hitting $9.31. 16,692,286 shares of the stock were exchanged, compared to its average volume of 30,573,691. The firm has a market capitalization of $42.26 billion, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 0.31 and a beta of 0.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $13.14. The business has a 50-day moving average of $9.50 and a 200-day moving average of $9.56.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). Vale had a net margin of 16.15% and a return on equity of 17.38%. The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. On average, research analysts expect that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid 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 54.35%.

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.