Signature Estate & Investment Advisors LLC Buys New Holdings in Vale S.A. $VALE

Signature Estate & Investment Advisors LLC bought a new stake in Vale S.A. (NYSE:VALE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,238 shares of the basic materials company’s stock, valued at approximately $99,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new stake in Vale in the first quarter valued at approximately $30,000. GAMMA Investing LLC raised its holdings in Vale by 98.4% during the second quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 2,021 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in Vale during the first quarter worth approximately $41,000. Golden State Wealth Management LLC raised its holdings in Vale by 193.0% during the first quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 2,713 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new stake in Vale during the second quarter worth approximately $46,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Clarkson Capital assumed coverage on shares of Vale in a report on Wednesday, September 3rd. They set a “buy” rating and a $12.00 price objective on the stock. Morgan Stanley set a $11.50 price objective on shares of Vale in a report on Wednesday, October 8th. Barclays raised their price objective on shares of Vale from $13.70 to $13.80 and gave the stock an “overweight” rating in a report on Friday, October 10th. Scotiabank raised shares of Vale from a “sector perform” rating to a “sector outperform” rating and set a $14.00 price objective on the stock in a report on Thursday, September 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Vale from $13.50 to $14.00 and gave the stock an “overweight” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.13.

Vale Stock Performance

Shares of Vale stock opened at $11.29 on Wednesday. The firm’s fifty day simple moving average is $10.61 and its 200-day simple moving average is $9.93. The stock has a market capitalization of $51.23 billion, a price-to-earnings ratio of 9.18 and a beta of 0.80. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $11.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.85.

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

Vale Cuts Dividend

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