Syntax Research Inc. Has $1.36 Million Stock Holdings in Vale S.A. $VALE

Key Points

• Syntax Research Inc. reduced its stake in Vale S.A. by 39.1% in the second quarter, holding 140,000 shares valued at approximately $1.36 million.
• Vale reported $0.50 earnings per share for the last quarter, exceeding analysts' expectations of $0.34, but its revenue fell short at $8.80 billion.
• Analysts have mixed ratings on Vale, with seven giving a Buy rating and one a Sell rating, and the stock has an average price target of $11.93.

Syntax Research Inc. decreased its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 39.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,000 shares of the basic materials company's stock after selling 90,000 shares during the period. Syntax Research Inc.'s holdings in Vale were worth $1,359,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Banque Transatlantique SA purchased a new stake in shares of Vale in the first quarter valued at about $30,000. GAMMA Investing LLC raised its holdings in shares of Vale by 98.4% in the second quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 2,021 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Vale in the first quarter valued at about $41,000. Golden State Wealth Management LLC raised its holdings in shares of Vale by 193.0% in the first quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 2,713 shares during the last quarter. Finally, Westend Capital Management LLC purchased a new stake in shares of Vale in the second quarter valued at about $48,000. Institutional investors and hedge funds own 21.85% of the company's stock.

Vale Price Performance

Shares of NYSE:VALE opened at $11.02 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.22 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $50.00 billion, a PE ratio of 8.96 and a beta of 0.80. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $11.68. The company has a 50-day moving average price of $10.31 and a two-hundred day moving average price of $9.83.

Vale (NYSE:VALE - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share 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%. Equities analysts forecast that Vale S.A. will post 1.85 EPS for the current year.

Vale Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 13th were given a $0.3417 dividend. This represents a dividend yield of 740.0%. The ex-dividend date was Wednesday, August 13th. Vale's dividend payout ratio (DPR) is 59.35%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VALE shares. Scotiabank upgraded shares of Vale from a "sector perform" rating to a "sector outperform" rating and set a $14.00 target price for the company in a report on Thursday, September 18th. Barclays increased their target price on shares of Vale from $13.50 to $13.70 and gave the company an "overweight" rating in a report on Thursday, September 18th. JPMorgan Chase & Co. lowered their target price on shares of Vale from $15.00 to $13.50 and set an "overweight" rating for the company in a report on Thursday, September 4th. Clarkson Capital assumed coverage on shares of Vale in a report on Wednesday, September 3rd. They issued a "buy" rating and a $12.00 target price for the company. Finally, UBS Group restated a "neutral" rating and set a $10.00 price target (up previously from $9.00) on shares of Vale in a research report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $11.93.

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.

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