Vale S.A. (NYSE:VALE) Shares Sold by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda lessened its holdings in Vale S.A. (NYSE:VALE) by 48.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,524,033 shares of the basic materials company’s stock after selling 3,256,181 shares during the period. Vale comprises approximately 4.7% of SPX Gestao de Recursos Ltda’s portfolio, making the stock its 5th biggest position. SPX Gestao de Recursos Ltda owned about 0.08% of Vale worth $31,258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC raised its holdings in shares of Vale by 18.2% during the third quarter. FMR LLC now owns 36,605,338 shares of the basic materials company’s stock worth $427,550,000 after acquiring an additional 5,635,167 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Vale by 3,692.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company’s stock worth $212,576,000 after acquiring an additional 17,720,100 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Vale by 10.7% during the third quarter. Fisher Asset Management LLC now owns 17,404,942 shares of the basic materials company’s stock worth $203,290,000 after acquiring an additional 1,682,544 shares in the last quarter. Itau Unibanco Holding S.A. raised its holdings in Vale by 123.4% during the third quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company’s stock valued at $140,859,000 after buying an additional 6,660,933 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Vale by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,906,975 shares of the basic materials company’s stock valued at $139,073,000 after buying an additional 53,061 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Down 6.7 %

VALE stock opened at $9.24 on Tuesday. Vale S.A. has a twelve month low of $8.38 and a twelve month high of $13.14. The company has a market cap of $41.92 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85. The business’s 50-day simple moving average is $9.26 and its 200 day simple moving average is $9.94. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.36). The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. On average, research analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.3758 per share. 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 of this dividend is Monday, March 10th. Vale’s payout ratio is presently 88.89%.

Wall Street Analysts Forecast Growth

VALE has been the topic of several recent research reports. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and cut their target price for the company from $14.00 to $11.50 in a report on Monday, November 11th. Scotiabank lowered their price target on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Monday, January 6th. Barclays lowered their price target on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. StockNews.com downgraded Vale from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.26.

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.