RWA Wealth Partners LLC Cuts Stock Position in Vale S.A. (NYSE:VALE)

RWA Wealth Partners LLC trimmed its stake in shares of Vale S.A. (NYSE:VALE) by 37.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,575 shares of the basic materials company’s stock after selling 7,000 shares during the quarter. RWA Wealth Partners LLC’s holdings in Vale were worth $103,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its stake in Vale by 328.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company’s stock valued at $153,891,000 after buying an additional 13,298,912 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Vale by 123.4% in the third quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company’s stock valued at $140,859,000 after acquiring an additional 6,660,933 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Vale by 106.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company’s stock worth $86,226,000 after acquiring an additional 5,001,228 shares during the last quarter. Fourth Sail Capital LP purchased a new stake in shares of Vale during the fourth quarter worth approximately $31,305,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Vale by 25.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,965,672 shares of the basic materials company’s stock valued at $88,396,000 after purchasing an additional 2,014,652 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Up 1.4 %

Shares of Vale stock opened at $10.12 on Wednesday. The stock has a 50 day moving average of $9.66 and a 200 day moving average of $9.89. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The firm has a market capitalization of $45.91 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.31 and a beta of 0.85. Vale S.A. has a fifty-two week low of $8.38 and a fifty-two week high of $13.14.

Vale (NYSE:VALE) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. As a group, research analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com began coverage on shares of Vale in a research note on Wednesday. They set a “hold” rating on the stock. Scotiabank dropped their price objective on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research note on Monday, January 6th. Jefferies Financial Group decreased their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Finally, Barclays reduced their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Vale has a consensus rating of “Hold” and a consensus target price of $13.26.

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.