Arista Wealth Management LLC Makes New $107,000 Investment in Vale S.A. $VALE

Arista Wealth Management LLC acquired a new stake in shares of Vale S.A. (NYSE:VALE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,033 shares of the basic materials company’s stock, valued at approximately $107,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in VALE. GQG Partners LLC bought a new stake in Vale in the 1st quarter valued at about $371,778,000. Orbis Allan Gray Ltd increased its holdings in shares of Vale by 165.9% during the first quarter. Orbis Allan Gray Ltd now owns 31,257,989 shares of the basic materials company’s stock valued at $311,955,000 after acquiring an additional 19,500,437 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Vale by 38.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,932,405 shares of the basic materials company’s stock valued at $159,005,000 after acquiring an additional 4,389,959 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Vale by 24.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 12,050,646 shares of the basic materials company’s stock worth $117,012,000 after purchasing an additional 2,393,157 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Vale by 15.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,523,471 shares of the basic materials company’s stock worth $115,004,000 after purchasing an additional 1,557,799 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

VALE has been the subject of a number of recent research reports. Clarkson Capital initiated coverage on shares of Vale in a research note on Wednesday, September 3rd. They set a “buy” rating and a $12.00 price target for the company. Barclays boosted their target price on shares of Vale from $13.70 to $13.80 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Wells Fargo & Company raised shares of Vale to a “hold” rating in a research report on Wednesday, October 8th. Morgan Stanley set a $11.50 price target on Vale in a research note on Wednesday, October 8th. Finally, HSBC increased their price objective on Vale from $12.25 to $13.50 and gave the stock a “buy” rating in a research note on Friday. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.09.

Vale Stock Performance

Shares of VALE stock opened at $11.11 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.22. The company has a market capitalization of $50.43 billion, a price-to-earnings ratio of 9.03 and a beta of 0.80. Vale S.A. has a 52-week low of $8.06 and a 52-week high of $11.33. The company has a 50-day simple moving average of $10.57 and a two-hundred day simple moving average of $9.90.

Vale (NYSE:VALE) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. The firm had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $9.54 billion. Vale had a return on equity of 18.14% and a net margin of 14.23%. Research analysts anticipate that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 13th were paid a $0.3417 dividend. This represents a yield of 740.0%. The ex-dividend date was Wednesday, August 13th. Vale’s dividend payout ratio is 59.35%.

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.