Invesco Ltd. Has $15.15 Million Holdings in Vale S.A. $VALE

Key Points

• Invesco Ltd. increased its holdings in Vale S.A. by 44.6%, owning approximately 1.5 million shares valued at about $15.15 million as of the latest filing.
• Vale posted an earnings per share (EPS) of $0.50 for the last quarter, surpassing analysts' expectation of $0.34, with a revenue of $8.80 billion against an estimated $9.54 billion.
• The company announced a semi-annual dividend of $0.3417 per share, which represents a yield of 740.0% and will be paid on September 10th, with an ex-dividend date of August 13th.

Invesco Ltd. raised its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 44.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,517,656 shares of the basic materials company's stock after buying an additional 468,071 shares during the period. Invesco Ltd.'s holdings in Vale were worth $15,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC grew its position in Vale by 49.3% during the 4th quarter. Lazard Asset Management LLC now owns 18,238,313 shares of the basic materials company's stock worth $161,773,000 after acquiring an additional 6,023,144 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Vale by 20.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,995,398 shares of the basic materials company's stock valued at $301,541,000 after purchasing an additional 5,775,590 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Vale by 6,547.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 4,782,424 shares of the basic materials company's stock worth $42,420,000 after purchasing an additional 4,710,481 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Vale during the fourth quarter worth $39,775,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Vale by 38.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,932,405 shares of the basic materials company's stock valued at $159,005,000 after buying an additional 4,389,959 shares in the last quarter. Institutional investors own 21.85% of the company's stock.

Vale Trading Up 3.1%

VALE opened at $10.1150 on Friday. The firm has a 50 day simple moving average of $9.84 and a 200 day simple moving average of $9.65. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $12.05. The company has a market cap of $45.91 billion, a price-to-earnings ratio of 8.22 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.85.

Vale (NYSE:VALE - Get Free Report) last released its earnings results on Thursday, July 31st. The basic materials company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.16. The firm had revenue of $8.80 billion during the quarter, compared to analyst estimates of $9.54 billion. Vale had a net margin of 14.23% and a return on equity of 18.14%. On average, sell-side analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 13th will be paid a dividend of $0.3417 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a dividend yield of 740.0%. Vale's payout ratio is 58.54%.

Analysts Set New Price Targets

VALE has been the topic of several research reports. Scotiabank reduced their price target on shares of Vale from $13.00 to $12.50 and set a "sector perform" rating on the stock in a research report on Tuesday, July 22nd. UBS Group reiterated a "neutral" rating and set a $10.00 target price (up from $9.00) on shares of Vale in a research report on Monday, August 4th. Wall Street Zen started coverage on shares of Vale in a research note on Wednesday, May 7th. They set a "hold" rating on the stock. CICC Research started coverage on shares of Vale in a report on Monday, May 12th. They issued an "outperform" rating and a $11.30 price target for the company. Finally, Barclays upped their price objective on Vale from $12.75 to $13.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Vale presently has a consensus rating of "Moderate Buy" and an average price target of $11.84.

Vale Company 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.

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