Kiltearn Partners LLP Increases Stock Holdings in Vale S.A. (NYSE:VALE)

Kiltearn Partners LLP grew its holdings in shares of Vale S.A. (NYSE:VALE) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,809,700 shares of the basic materials company’s stock after purchasing an additional 124,900 shares during the quarter. Vale makes up approximately 2.6% of Kiltearn Partners LLP’s holdings, making the stock its 14th biggest position. Kiltearn Partners LLP’s holdings in Vale were worth $16,052,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VALE. Principal Financial Group Inc. lifted its position in Vale by 1.0% during the third quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company’s stock valued at $1,852,000 after purchasing an additional 1,494 shares in the last quarter. Stock Yards Bank & Trust Co. increased its holdings in Vale by 16.8% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 1,725 shares in the last quarter. Brooklyn Investment Group increased its holdings in Vale by 215.9% in the 4th 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 in the last quarter. IFP Advisors Inc raised its stake in Vale by 206.4% during the 4th 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. Finally, Lindbrook Capital LLC lifted its holdings in Vale by 30.9% during the fourth quarter. Lindbrook Capital LLC now owns 9,827 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 2,317 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

NYSE VALE opened at $10.17 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 business has a 50 day simple moving average of $9.59 and a two-hundred day simple moving average of $9.90. The stock has a market capitalization of $46.14 billion, a PE ratio of 7.06, a P/E/G ratio of 0.31 and a beta of 0.85.

Vale (NYSE:VALE) last posted 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 business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. On average, research analysts predict that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.3758 per share. This represents a dividend yield of 7.5%. This is a boost from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date of this dividend was Monday, March 10th. Vale’s dividend payout ratio is currently 52.08%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Scotiabank reduced their price objective on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research note on Monday, January 6th. StockNews.com started coverage on Vale in a research note on Tuesday. They issued a “hold” rating for the company. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Jefferies Financial Group cut their target price on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Vale presently has a consensus 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.