Rathbones Group PLC Has $141,000 Holdings in Vale S.A. (NYSE:VALE)

Rathbones Group PLC lessened its holdings in Vale S.A. (NYSE:VALE) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,965 shares of the basic materials company’s stock after selling 7,400 shares during the period. Rathbones Group PLC’s holdings in Vale were worth $141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC lifted its stake in shares of Vale by 28.8% in the 4th quarter. FMR LLC now owns 47,163,226 shares of the basic materials company’s stock valued at $418,338,000 after purchasing an additional 10,557,888 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position 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 worth $153,891,000 after acquiring an additional 13,298,912 shares during the last quarter. Mondrian Investment Partners LTD lifted its position in Vale by 13.3% during the 4th quarter. Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company’s stock worth $109,202,000 after acquiring an additional 1,381,475 shares during the last quarter. State Street Corp lifted its position in Vale by 4.8% during the 3rd quarter. State Street Corp now owns 11,117,942 shares of the basic materials company’s stock worth $129,858,000 after acquiring an additional 507,245 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Vale by 25.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,965,672 shares of the basic materials company’s stock worth $88,396,000 after acquiring an additional 2,014,652 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Jefferies Financial Group cut their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Morgan Stanley lowered shares of Vale from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Scotiabank cut their target price on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research report on Monday, January 6th. Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, StockNews.com initiated coverage on shares of Vale in a report on Wednesday, April 2nd. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Vale currently has an average rating of “Hold” and a consensus price target of $12.84.

Vale Stock Performance

NYSE VALE opened at $8.86 on Thursday. The stock has a market cap of $40.19 billion, a P/E ratio of 6.15, a PEG ratio of 0.31 and a beta of 0.73. The company’s 50-day simple moving average is $9.64 and its 200 day simple moving average is $9.81. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $13.14. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

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 the consensus estimate of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. As a group, research analysts forecast that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

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

About Vale

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.