Vale S.A. $VALE Shares Bought by Greenline Partners LLC

Key Points

• Greenline Partners LLC has increased its stake in Vale S.A. by 16.3%, owning 599,800 shares valued at approximately $5.986 million as of its latest SEC filing.
• Several institutional investors, including Golden State Wealth Management and Allworth Financial LP, have significantly increased their holdings in Vale during the first quarter, highlighting growing institutional interest.
• Analysts have a consensus rating of "Moderate Buy" for Vale, with an average price target of $11.86, following recent announcements of an earnings beat and a dividend declaration.

Greenline Partners LLC increased its stake in Vale S.A. (NYSE:VALE - Free Report) by 16.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 599,800 shares of the basic materials company's stock after purchasing an additional 83,884 shares during the period. Greenline Partners LLC's holdings in Vale were worth $5,986,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Transatlantique SA acquired a new position in shares of Vale in the 1st quarter valued at $30,000. J.Safra Asset Management Corp acquired a new position in shares of Vale in the 1st quarter valued at $41,000. Golden State Wealth Management LLC lifted its stake in shares of Vale by 193.0% in the 1st 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 period. Capital Analysts LLC acquired a new position in shares of Vale in the 1st quarter valued at $51,000. Finally, Allworth Financial LP increased its holdings in Vale by 233.7% in the 1st quarter. Allworth Financial LP now owns 5,440 shares of the basic materials company's stock worth $53,000 after acquiring an additional 3,810 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. CICC Research assumed 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. Clarkson Capital assumed coverage on shares of Vale in a report on Wednesday. They issued a "buy" rating and a $12.00 price target for the company. Scotiabank cut their price target on shares of Vale from $13.00 to $12.50 and set a "sector perform" rating for the company in a report on Tuesday, July 22nd. UBS Group reissued a "neutral" rating and issued a $10.00 price target (up previously from $9.00) on shares of Vale in a report on Monday, August 4th. Finally, Wall Street Zen started coverage on shares of Vale in a report on Wednesday, May 7th. They set a "hold" rating for the company. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.86.

Vale Trading Up 0.3%

Shares of VALE stock opened at $10.21 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.85. The firm has a market cap of $46.32 billion, a PE ratio of 8.30 and a beta of 0.79. The company has a 50-day moving average of $9.99 and a two-hundred day moving average of $9.68. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $12.05.

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

Vale Cuts Dividend

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

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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