Todd Asset Management LLC Has $59.79 Million Holdings in Vale S.A. (NYSE:VALE)

Todd Asset Management LLC increased its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 13.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,770,076 shares of the basic materials company's stock after acquiring an additional 453,259 shares during the quarter. Vale comprises approximately 1.3% of Todd Asset Management LLC's holdings, making the stock its 10th largest holding. Todd Asset Management LLC owned 0.08% of Vale worth $59,793,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mondrian Investment Partners LTD grew its holdings in shares of Vale by 1.7% during the 3rd quarter. Mondrian Investment Partners LTD now owns 9,254,277 shares of the basic materials company's stock worth $124,007,000 after purchasing an additional 150,918 shares in the last quarter. Blue Trust Inc. increased its holdings in Vale by 10.2% in the 4th quarter. Blue Trust Inc. now owns 10,097 shares of the basic materials company's stock valued at $160,000 after buying an additional 932 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Vale by 49,161.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,413 shares of the basic materials company's stock valued at $38,705,000 after buying an additional 2,435,459 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Vale by 4.5% during the 3rd quarter. Van ECK Associates Corp now owns 6,724,828 shares of the basic materials company's stock worth $90,112,000 after acquiring an additional 289,495 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in shares of Vale during the 3rd quarter valued at about $290,000. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Price Performance

Shares of VALE traded up $0.09 during mid-day trading on Friday, hitting $12.61. 23,144,400 shares of the company traded hands, compared to its average volume of 30,811,452. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $56.53 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 5.44 and a beta of 0.97. The business has a 50-day moving average of $12.43 and a 200 day moving average of $13.72. Vale S.A. has a one year low of $11.52 and a one year high of $16.08.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.48). The firm had revenue of $13.05 billion during the quarter, compared to the consensus estimate of $12.95 billion. Vale had a net margin of 18.72% and a return on equity of 19.59%. During the same quarter in the previous year, the business posted $0.82 earnings per share. As a group, equities analysts expect that Vale S.A. will post 2.23 earnings per share for the current fiscal year.

Vale Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.3182 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a yield of 9.7%. Vale's dividend payout ratio is currently 65.19%.

Analysts Set New Price Targets

Several research firms recently issued reports on VALE. Royal Bank of Canada reissued an "outperform" rating and issued a $19.00 price target on shares of Vale in a research report on Monday, February 12th. StockNews.com assumed coverage on Vale in a research report on Saturday, March 30th. They set a "buy" rating for the company. JPMorgan Chase & Co. lowered their price target on Vale from $20.50 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, April 12th. Barclays boosted their target price on shares of Vale from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, April 16th. Finally, Bank of America reiterated a "neutral" rating and set a $13.00 target price (down previously from $20.00) on shares of Vale in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $16.67.

About Vale

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.