Rockefeller Capital Management L.P. Reduces Holdings in Vale S.A. (NYSE:VALE)

Rockefeller Capital Management L.P. trimmed its holdings in Vale S.A. (NYSE:VALE - Free Report) by 52.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,603 shares of the basic materials company's stock after selling 52,698 shares during the period. Rockefeller Capital Management L.P.'s holdings in Vale were worth $431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brooklyn Investment Group boosted its position in shares of Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 1,900 shares during the period. IFP Advisors Inc increased its position in Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock worth $26,000 after purchasing an additional 1,938 shares during the period. Cornerstone Planning Group LLC raised its holdings in shares of Vale by 3,092.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 3,092 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in Vale in the fourth quarter valued at $30,000. Finally, Atlas Capital Advisors Inc. lifted its holdings in Vale by 68.3% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 1,623 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank of Canada restated a "sector perform" rating and set a $11.00 price objective (down from $12.00) on shares of Vale in a research report on Thursday, April 17th. Jefferies Financial Group cut their target price on Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Wolfe Research raised Vale from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. UBS Group cut their price target on Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a report on Monday. Finally, Scotiabank dropped their price target on Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Vale has a consensus rating of "Hold" and an average price target of $12.13.

Vale Stock Performance

Shares of NYSE VALE traded down $0.01 during mid-day trading on Tuesday, hitting $9.60. The stock had a trading volume of 5,351,623 shares, compared to its average volume of 30,486,150. The company has a 50 day moving average of $9.56 and a two-hundred day moving average of $9.61. The firm has a market cap of $43.55 billion, a PE ratio of 6.66, a PEG ratio of 0.31 and a beta of 0.73. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $13.14. 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 (NYSE:VALE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). Vale had a net margin of 16.15% and a return on equity of 17.38%. The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Research analysts predict that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.3758 per share. This represents a yield of 7.5%. The ex-dividend date was Monday, March 10th. This is a positive change from Vale's previous semi-annual dividend of $0.30. Vale's dividend payout ratio (DPR) is 54.35%.

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.