Dynamo Internacional Gestao DE Recursos LTDA. Purchases 1,314,675 Shares of Vale S.A. (NYSE:VALE)

Dynamo Internacional Gestao DE Recursos LTDA. increased its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,084,812 shares of the basic materials company's stock after buying an additional 1,314,675 shares during the quarter. Vale comprises about 11.8% of Dynamo Internacional Gestao DE Recursos LTDA.'s holdings, making the stock its 3rd largest position. Dynamo Internacional Gestao DE Recursos LTDA. owned approximately 0.09% of Vale worth $36,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of VALE. Stock Yards Bank & Trust Co. boosted its stake in shares of Vale by 16.8% in the third quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company's stock valued at $140,000 after buying an additional 1,725 shares in the last quarter. World Investment Advisors LLC boosted its position in shares of Vale by 89.7% during the 3rd quarter. World Investment Advisors LLC now owns 19,376 shares of the basic materials company's stock worth $226,000 after purchasing an additional 9,161 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Vale during the 3rd quarter worth $79,000. PVG Asset Management Corp purchased a new position in shares of Vale in the 3rd quarter valued at about $182,000. Finally, Tidal Investments LLC lifted its stake in shares of Vale by 13.2% in the third quarter. Tidal Investments LLC now owns 301,410 shares of the basic materials company's stock valued at $3,520,000 after purchasing an additional 35,183 shares during the period. Hedge funds and other institutional investors own 21.85% of the company's stock.

Vale Trading Down 0.2 %

Shares of Vale stock traded down $0.02 during mid-day trading on Monday, hitting $9.36. 10,333,604 shares of the stock were exchanged, compared to its average volume of 30,551,704. The company has a 50-day simple moving average of $9.51 and a 200 day simple moving average of $9.57. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $42.46 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.31 and a beta of 0.83. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $13.14.

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

Vale Increases Dividend

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

Analysts Set New Price Targets

VALE has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Vale in a report on Wednesday, April 2nd. They issued a "hold" rating for the company. Wolfe Research raised Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Royal Bank of Canada reiterated a "sector perform" rating and set a $11.00 target price (down from $12.00) on shares of Vale in a research report on Thursday, April 17th. 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 report on Monday, January 6th. Finally, Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $12.13.

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.