Shay Capital LLC Makes New Investment in Vale S.A. (NYSE:VALE)

Shay Capital LLC bought a new stake in Vale S.A. (NYSE:VALE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,000 shares of the basic materials company's stock, valued at approximately $444,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its position in Vale by 28.8% during the 4th quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock worth $418,338,000 after buying an additional 10,557,888 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Vale by 20.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,995,398 shares of the basic materials company's stock worth $301,541,000 after buying an additional 5,775,590 shares during the last quarter. Lazard Asset Management LLC raised 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 buying an additional 6,023,144 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Vale by 328.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company's stock worth $153,891,000 after buying an additional 13,298,912 shares during the last quarter. Finally, Mondrian Investment Partners LTD raised its position in Vale by 13.3% during the 4th quarter. Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company's stock worth $109,202,000 after buying an additional 1,381,475 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Vale Price Performance

VALE stock traded down $0.05 during trading on Tuesday, hitting $9.78. The company had a trading volume of 17,164,400 shares, compared to its average volume of 30,687,271. The firm has a market capitalization of $44.39 billion, a price-to-earnings ratio of 6.79, a P/E/G ratio of 0.31 and a beta of 0.83. The business has a 50 day moving average of $9.51 and a 200 day moving average of $9.48. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $13.14. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. As a group, research analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.3758 dividend. This represents a yield of 7.5%. This is an increase from Vale's previous semi-annual dividend of $0.30. The ex-dividend date was Monday, March 10th. Vale's dividend payout ratio is presently 54.35%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VALE shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $11.00 price target (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. CICC Research started coverage on shares of Vale in a research report on Monday, May 12th. They set an "outperform" rating and a $11.30 price target on the stock. StockNews.com started coverage on shares of Vale in a research report on Wednesday, May 7th. They set a "hold" rating on the stock. UBS Group reduced their target price on shares of Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.04.

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.