Global Retirement Partners LLC Boosts Holdings in Vale S.A. (NYSE:VALE)

Global Retirement Partners LLC grew its holdings in shares of Vale S.A. (NYSE:VALEFree Report) by 96.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,064 shares of the basic materials company’s stock after purchasing an additional 7,379 shares during the quarter. Global Retirement Partners LLC’s holdings in Vale were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Vale by 18.7% during the first quarter. BlackRock Inc. now owns 72,165,728 shares of the basic materials company’s stock worth $1,138,775,000 after purchasing an additional 11,393,498 shares during the period. Bank of America Corp DE boosted its position in Vale by 57.8% during the first quarter. Bank of America Corp DE now owns 22,763,893 shares of the basic materials company’s stock worth $359,214,000 after purchasing an additional 8,334,786 shares during the period. Invesco Ltd. boosted its position in shares of Vale by 21.1% in the third quarter. Invesco Ltd. now owns 17,752,878 shares of the basic materials company’s stock valued at $237,889,000 after acquiring an additional 3,092,376 shares during the period. State Street Corp boosted its position in shares of Vale by 3.4% in the first quarter. State Street Corp now owns 13,799,196 shares of the basic materials company’s stock valued at $217,752,000 after acquiring an additional 452,290 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Vale by 52.3% in the second quarter. Lazard Asset Management LLC now owns 13,783,862 shares of the basic materials company’s stock valued at $184,978,000 after acquiring an additional 4,733,169 shares during the period. Institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays cut their price objective on shares of Vale from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, December 6th. UBS Group raised their price objective on shares of Vale from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, December 14th. Royal Bank of Canada restated an “outperform” rating and issued a $19.00 price objective on shares of Vale in a research report on Monday, February 12th. Finally, StockNews.com assumed coverage on shares of Vale in a research report on Saturday, March 30th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Vale presently has an average rating of “Moderate Buy” and a consensus target price of $16.98.

View Our Latest Stock Analysis on Vale

Vale Trading Down 1.5 %

Shares of Vale stock opened at $12.09 on Thursday. Vale S.A. has a 1 year low of $11.88 and a 1 year high of $16.60. The firm has a market cap of $54.18 billion, a PE ratio of 6.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.28 and a quick ratio of 0.96. The company has a 50 day simple moving average of $13.06 and a two-hundred day simple moving average of $13.90.

Vale (NYSE:VALEGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.56 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.48). The business had revenue of $13.05 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Vale had a return on equity of 20.00% and a net margin of 19.10%. During the same period last year, the business posted $0.82 earnings per share. Analysts expect that Vale S.A. will post 2.61 earnings per share for the current fiscal year.

Vale Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.3182 per share. This represents a dividend yield of 9.7%. The ex-dividend date of this dividend was Tuesday, March 12th. Vale’s dividend payout ratio (DPR) is presently 64.48%.

About Vale

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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