1,994 Shares in Vale S.A. (NYSE:VALE) Bought by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in Vale S.A. (NYSE:VALE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,994 shares of the basic materials company’s stock, valued at approximately $32,000.

Other large investors have also added to or reduced their stakes in the company. Systematic Alpha Investments LLC purchased a new position in shares of Vale in the 3rd quarter worth approximately $31,000. Whittier Trust Co. increased its position in shares of Vale by 423.1% during the fourth quarter. Whittier Trust Co. now owns 1,951 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 1,578 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of Vale during the fourth quarter worth $31,000. Sound Income Strategies LLC lifted its holdings in shares of Vale by 2,502.8% during the 4th quarter. Sound Income Strategies LLC now owns 2,837 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 2,728 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of Vale by 161.8% in the 4th quarter. Allworth Financial LP now owns 3,720 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 2,299 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Stock Performance

Shares of VALE stock opened at $12.61 on Monday. Vale S.A. has a 52-week low of $11.52 and a 52-week high of $16.08. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.41. The stock has a market cap of $56.53 billion, a PE ratio of 6.97, a price-to-earnings-growth ratio of 5.44 and a beta of 0.97. The business has a 50-day simple moving average of $12.43 and a 200-day simple moving average of $13.72.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.48). The company had revenue of $13.05 billion during the quarter, compared to analyst estimates of $12.95 billion. Vale had a net margin of 18.72% and a return on equity of 19.59%. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities analysts expect that Vale S.A. will post 2.23 EPS for the current year.

Vale Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were given a dividend of $0.3182 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a yield of 9.7%. Vale’s dividend payout ratio is presently 65.19%.

Analysts Set New Price Targets

Several research analysts recently issued reports on VALE shares. StockNews.com began coverage on Vale in a research report on Saturday, March 30th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vale from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Thursday, April 4th. Royal Bank of Canada reissued an “outperform” rating and set a $19.00 target price on shares of Vale in a research report on Monday, February 12th. JPMorgan Chase & Co. decreased their price target on shares of Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Bank of America reissued a “neutral” rating and set a $13.00 price objective (down from $20.00) on shares of Vale in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vale presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

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.