HUB Investment Partners LLC Sells 86,997 Shares of Vale S.A. (NYSE:VALE)

HUB Investment Partners LLC cut its stake in Vale S.A. (NYSE:VALE) by 48.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,310 shares of the basic materials company’s stock after selling 86,997 shares during the quarter. HUB Investment Partners LLC’s holdings in Vale were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Vale in the third quarter worth approximately $28,000. Brooklyn Investment Group grew its stake in shares of Vale by 215.9% in the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 1,900 shares during the period. IFP Advisors Inc grew its stake in shares of Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 1,938 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Vale in the third quarter worth approximately $36,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Vale by 3,092.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock worth $29,000 after buying an additional 3,092 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Price Performance

Shares of NYSE:VALE opened at $10.15 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. Vale S.A. has a 1-year low of $8.38 and a 1-year high of $13.14. The company has a market capitalization of $46.05 billion, a P/E ratio of 7.05, a P/E/G ratio of 0.31 and a beta of 0.85. The firm’s 50 day simple moving average is $9.45 and its two-hundred day simple moving average is $9.90.

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

Vale Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a $0.3758 dividend. This represents a dividend yield of 7.5%. The ex-dividend date is Monday, March 10th. This is an increase from Vale’s previous semi-annual dividend of $0.30. Vale’s payout ratio is 52.08%.

Wall Street Analysts Forecast Growth

VALE has been the topic of a number of research reports. Jefferies Financial Group dropped their price objective on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Barclays dropped their price objective on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Scotiabank dropped their price objective on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com downgraded shares of Vale from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Vale currently has an average rating of “Hold” and a consensus 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.