one8zero8 LLC Purchases Shares of 26,500 Vale S.A. (NYSE:VALE)

one8zero8 LLC purchased a new stake in Vale S.A. (NYSE:VALE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,500 shares of the basic materials company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also modified their holdings of VALE. Connor Clark & Lunn Investment Management Ltd. lifted its position in Vale by 6.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company’s stock worth $92,868,000 after acquiring an additional 468,432 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Vale in the third quarter worth about $1,126,000. Bank of Montreal Can lifted its position in shares of Vale by 274.4% during the 3rd quarter. Bank of Montreal Can now owns 162,453 shares of the basic materials company’s stock worth $1,915,000 after purchasing an additional 119,061 shares during the last quarter. Bridgewater Associates LP boosted its stake in Vale by 723.2% during the 3rd quarter. Bridgewater Associates LP now owns 2,035,477 shares of the basic materials company’s stock valued at $23,774,000 after purchasing an additional 1,788,205 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new stake in Vale in the 3rd quarter valued at approximately $1,422,000. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Trading Up 4.3 %

VALE stock opened at $9.83 on Monday. Vale S.A. has a 1-year low of $8.38 and a 1-year 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. The business’s 50 day moving average is $9.32 and its 200-day moving average is $9.90. The firm has a market cap of $44.60 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.31 and a beta of 0.85.

Vale (NYSE:VALE) last announced its quarterly 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 company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. Equities analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a dividend of $0.3758 per share. This is an increase from Vale’s previous semi-annual dividend of $0.30. This represents a yield of 7.5%. The ex-dividend date of this dividend is Monday, March 10th. Vale’s dividend payout ratio (DPR) is currently 52.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Jefferies Financial Group reduced their price target on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, January 6th. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Barclays reduced their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Finally, StockNews.com lowered Vale from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.26.

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.