Lindbrook Capital LLC Has $168,000 Stock Position in Vale S.A. (NYSE:VALE)

Lindbrook Capital LLC lifted its stake in shares of Vale S.A. (NYSE:VALE) by 37.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,576 shares of the basic materials company’s stock after purchasing an additional 2,877 shares during the quarter. Lindbrook Capital LLC’s holdings in Vale were worth $168,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Systematic Alpha Investments LLC acquired a new stake in shares of Vale during the 3rd quarter worth $31,000. Whittier Trust Co. boosted its stake in Vale by 423.1% in the fourth quarter. Whittier Trust Co. now owns 1,951 shares of the basic materials company’s stock valued at $31,000 after buying an additional 1,578 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in Vale in the fourth quarter valued at about $31,000. AdvisorNet Financial Inc boosted its stake in Vale by 44.7% in the third quarter. AdvisorNet Financial Inc now owns 2,702 shares of the basic materials company’s stock valued at $36,000 after buying an additional 835 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Vale by 2,502.8% in the fourth quarter. Sound Income Strategies LLC now owns 2,837 shares of the basic materials company’s stock valued at $45,000 after buying an additional 2,728 shares in the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VALE has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Vale in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, April 4th. Bank of America reaffirmed a “neutral” rating and issued a $13.00 price objective (down from $20.00) on shares of Vale in a research note on Tuesday, April 9th. Barclays increased their target price on Vale from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Finally, StockNews.com assumed coverage on Vale in a research report on Saturday, March 30th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $16.67.

Vale Price Performance

Shares of VALE opened at $12.21 on Wednesday. Vale S.A. has a 1 year low of $11.52 and a 1 year high of $16.08. 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 market capitalization of $54.72 billion, a price-to-earnings ratio of 6.67, a price-to-earnings-growth ratio of 5.21 and a beta of 0.97. The business has a 50-day moving average of $12.60 and a 200-day moving average of $13.77.

Vale (NYSE:VALE) last issued its quarterly earnings data 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). Vale had a return on equity of 20.00% and a net margin of 19.10%. The company had revenue of $13.05 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter last year, the business earned $0.82 earnings per share. As a group, equities research analysts anticipate that Vale S.A. will post 2.25 earnings per share for the current year.

Vale Cuts Dividend

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

Vale Company 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.