Greenleaf Trust Acquires 827 Shares of Vale S.A. (NYSE:VALE)

Greenleaf Trust raised its position in Vale S.A. (NYSE:VALE) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,283 shares of the basic materials company’s stock after buying an additional 827 shares during the quarter. Greenleaf Trust’s holdings in Vale were worth $480,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. AIA Group Ltd boosted its stake in shares of Vale by 36.5% in the 4th quarter. AIA Group Ltd now owns 158,479 shares of the basic materials company’s stock valued at $2,513,000 after purchasing an additional 42,362 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of Vale by 36.0% in the 4th quarter. Ninety One UK Ltd now owns 8,396,322 shares of the basic materials company’s stock valued at $133,166,000 after purchasing an additional 2,220,317 shares in the last quarter. Ninety One North America Inc. boosted its stake in shares of Vale by 4.6% in the 4th quarter. Ninety One North America Inc. now owns 3,037,881 shares of the basic materials company’s stock valued at $48,181,000 after purchasing an additional 134,843 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in Vale during the 4th quarter worth approximately $31,000. Finally, Prosperitas Financial LLC boosted its position in Vale by 56.3% during the 4th quarter. Prosperitas Financial LLC now owns 110,889 shares of the basic materials company’s stock worth $1,759,000 after buying an additional 39,946 shares during the period. 21.85% of the stock is owned by institutional investors.

Vale Stock Performance

Shares of Vale stock opened at $12.20 on Tuesday. Vale S.A. has a one year low of $11.52 and a one year high of $16.08. The firm has a market capitalization of $54.69 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 5.21 and a beta of 0.97. The business has a 50-day simple moving average of $12.62 and a 200 day simple moving average of $13.77. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.28 and a quick ratio of 0.96.

Vale (NYSE:VALE) last issued its earnings results on Thursday, February 22nd. The basic materials company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.48). Vale had a net margin of 19.10% and a return on equity of 20.00%. The firm had revenue of $13.05 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, research analysts anticipate that Vale S.A. will post 2.25 earnings per share for the current fiscal year.

Vale Cuts Dividend

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

Analyst Ratings Changes

Several research firms recently commented on VALE. Royal Bank of Canada reiterated 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. cut their target price on shares of Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Bank of America restated a “neutral” rating and set a $13.00 price target (down previously from $20.00) on shares of Vale in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, April 4th. Finally, Barclays lifted their target price on shares of Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.