Fort Washington Investment Advisors Inc. OH Has $276,000 Stake in Vale S.A. (NYSE:VALE)

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Vale S.A. (NYSE:VALE) by 34.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,392 shares of the basic materials company’s stock after purchasing an additional 4,500 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Vale were worth $276,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Pathstone Family Office LLC boosted its holdings in Vale by 6.1% during the fourth quarter. Pathstone Family Office LLC now owns 11,612 shares of the basic materials company’s stock worth $197,000 after purchasing an additional 664 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in Vale by 44.7% during the third quarter. AdvisorNet Financial Inc now owns 2,702 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 835 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in Vale by 7.0% during the third quarter. Rehmann Capital Advisory Group now owns 14,010 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 915 shares during the last quarter. Atlas Capital Advisors LLC boosted its holdings in Vale by 3.1% during the first quarter. Atlas Capital Advisors LLC now owns 33,069 shares of the basic materials company’s stock worth $522,000 after purchasing an additional 1,001 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in Vale by 2.6% in the second quarter. XTX Topco Ltd now owns 42,587 shares of the basic materials company’s stock valued at $572,000 after acquiring an additional 1,075 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com assumed coverage on shares of Vale in a research note on Thursday, March 21st. They issued a “buy” rating for the company. UBS Group increased their price target on shares of Vale from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 price target on shares of Vale in a research note on Monday, February 12th. Finally, Barclays cut their price target on shares of Vale from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Vale currently has a consensus rating of “Moderate Buy” and an average target price of $16.98.

Vale Stock Performance

NYSE VALE opened at $12.17 on Thursday. The firm has a 50-day moving average of $13.23 and a 200-day moving average of $13.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 1.28. The stock has a market cap of $54.56 billion, a PE ratio of 6.65 and a beta of 0.98. Vale S.A. has a 52-week low of $11.88 and a 52-week high of $16.60.

Vale (NYSE:VALE) last posted its 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 for the quarter, compared to analyst estimates of $12.95 billion. Vale had a return on equity of 20.00% and a net margin of 19.10%. During the same quarter in the prior year, the business posted $0.82 EPS. On average, sell-side analysts anticipate that Vale S.A. will post 2.61 EPS for the current year.

Vale Cuts Dividend

The firm 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. This represents a yield of 9.7%. The ex-dividend date was Tuesday, March 12th. Vale’s dividend payout ratio is 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.