Wellington Management Group LLP Increases Stock Position in Vale S.A. (NYSE:VALE)

Wellington Management Group LLP increased its holdings in Vale S.A. (NYSE:VALE) by 64.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,713,475 shares of the basic materials company’s stock after buying an additional 1,457,586 shares during the period. Wellington Management Group LLP’s holdings in Vale were worth $32,939,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of VALE. O Shaughnessy Asset Management LLC grew its position in shares of Vale by 11.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,200,907 shares of the basic materials company’s stock valued at $10,652,000 after purchasing an additional 127,885 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Vale by 328.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company’s stock valued at $153,891,000 after buying an additional 13,298,912 shares in the last quarter. TLS Advisors LLC increased its position in shares of Vale by 20.2% during the fourth quarter. TLS Advisors LLC now owns 594,000 shares of the basic materials company’s stock valued at $5,269,000 after buying an additional 100,000 shares during the period. Kawa Capital Management Inc purchased a new stake in shares of Vale in the fourth quarter worth about $8,870,000. Finally, Orion Portfolio Solutions LLC boosted its position in shares of Vale by 31.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,242 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 3,923 shares during the period. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Stock Performance

NYSE:VALE opened at $9.10 on Monday. The company has a market capitalization of $41.28 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 0.31 and a beta of 0.72. The business has a 50 day moving average of $9.70 and a 200 day moving average of $9.87. 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.

Vale (NYSE:VALE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share (EPS) 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, sell-side analysts predict that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on VALE shares. StockNews.com started coverage on shares of Vale in a research note on Wednesday, April 2nd. They issued a “hold” rating on the stock. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Scotiabank decreased their target price on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Finally, Jefferies Financial Group lowered their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Vale presently has a consensus rating of “Hold” and a consensus target price of $12.86.

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.