Capital International Sarl Has $3.68 Million Position in Vale S.A. (NYSE:VALE)

Capital International Sarl lowered its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 414,798 shares of the basic materials company's stock after selling 35,700 shares during the period. Capital International Sarl's holdings in Vale were worth $3,679,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in Vale by 39.4% in the fourth quarter. SG Americas Securities LLC now owns 349,851 shares of the basic materials company's stock valued at $3,103,000 after acquiring an additional 98,899 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Vale by 206.4% in the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 1,938 shares during the period. Truist Financial Corp grew its stake in Vale by 18.2% during the 4th quarter. Truist Financial Corp now owns 33,704 shares of the basic materials company's stock worth $299,000 after buying an additional 5,189 shares during the last quarter. US Bancorp DE grew its stake in Vale by 164.5% during the 4th quarter. US Bancorp DE now owns 148,857 shares of the basic materials company's stock worth $1,320,000 after buying an additional 92,570 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in Vale by 92.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 26,689 shares of the basic materials company's stock worth $237,000 after buying an additional 12,801 shares during the period. Hedge funds and other institutional investors own 21.85% of the company's stock.

Analyst Upgrades and Downgrades

VALE has been the topic of a number of research reports. Scotiabank lowered their target price 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. Jefferies Financial Group lowered their price objective 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. Royal Bank of Canada restated a "sector perform" rating and issued a $11.00 price objective (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. Wolfe Research upgraded shares of Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Finally, Bank of America upgraded Vale from a "neutral" rating to a "buy" rating and increased their price objective for the stock 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 four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $12.44.

Vale Stock Performance

Shares of Vale stock traded up $0.26 during trading hours on Thursday, reaching $9.81. The company's stock had a trading volume of 15,189,082 shares, compared to its average volume of 36,354,684. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a one year low of $8.06 and a one year high of $13.14. The company's 50 day simple moving average is $9.57 and its 200 day simple moving average is $9.66. The stock has a market cap of $44.50 billion, a P/E ratio of 6.81, a price-to-earnings-growth ratio of 0.31 and a beta of 0.73.

Vale (NYSE:VALE - Get Free Report) last posted its earnings results 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). The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. As a group, analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.3758 per share. This is a boost from Vale's previous semi-annual dividend of $0.30. The ex-dividend date was Monday, March 10th. This represents a yield of 7.5%. Vale's payout ratio is presently 52.08%.

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.