Lindbrook Capital LLC Boosts Stake in Vale S.A. (NYSE:VALE)

Lindbrook Capital LLC raised its holdings in shares of Vale S.A. (NYSE:VALE) by 37.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,576 shares of the basic materials company’s stock after buying an additional 2,877 shares during the quarter. Lindbrook Capital LLC’s holdings in Vale were worth $168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VALE. Systematic Alpha Investments LLC purchased a new position in shares of Vale in the 3rd quarter worth about $31,000. Whittier Trust Co. boosted its holdings in shares of Vale by 423.1% in the 4th quarter. Whittier Trust Co. now owns 1,951 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 1,578 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of Vale in the 4th quarter worth about $31,000. AdvisorNet Financial Inc lifted its stake in shares of Vale by 44.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,702 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 835 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Vale by 2,502.8% in the 4th quarter. Sound Income Strategies LLC now owns 2,837 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 2,728 shares during the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on VALE. Deutsche Bank Aktiengesellschaft lowered their target price on Vale from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, April 4th. Bank of America reissued a “neutral” rating and issued a $13.00 target price (down previously from $20.00) on shares of Vale in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lowered their target price on Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Barclays boosted their target price on Vale from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $19.00 target price on shares of Vale in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.67.

Vale Stock Up 0.0 %

Shares of NYSE:VALE opened at $12.21 on Wednesday. Vale S.A. has a 52-week low of $11.52 and a 52-week high of $16.08. The firm has a market capitalization of $54.72 billion, a P/E ratio of 6.67, a P/E/G ratio of 5.21 and a beta of 0.97. The stock has a 50 day moving average price of $12.60 and a 200-day moving average price of $13.77. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 1.28.

Vale (NYSE:VALE) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.48). Vale had a return on equity of 20.00% and a net margin of 19.10%. The firm had revenue of $13.05 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the prior year, the company posted $0.82 EPS. As a group, equities research analysts anticipate that Vale S.A. will post 2.25 EPS for the current fiscal year.

Vale Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were given a $0.3182 dividend. This represents a dividend yield of 9.7%. The ex-dividend date was Tuesday, March 12th. Vale’s dividend payout ratio is currently 64.48%.

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.