Standard Life Aberdeen plc reduced its holdings in Vale SA (NYSE:VALE) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,613,647 shares of the basic materials company’s stock after selling 2,877,529 shares during the quarter. Vale makes up approximately 2.0% of Standard Life Aberdeen plc’s holdings, making the stock its 5th largest holding. Standard Life Aberdeen plc owned about 1.60% of Vale worth $1,023,013,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Verition Fund Management LLC bought a new position in Vale in the 2nd quarter worth approximately $107,000. Rational Advisors LLC bought a new position in Vale in the 4th quarter worth approximately $122,000. KCS Wealth Advisory bought a new position in Vale in the 4th quarter worth approximately $125,000. GWM Advisors LLC bought a new position in Vale in the 4th quarter worth approximately $149,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in Vale in the 3rd quarter worth approximately $151,000. 19.03% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently weighed in on VALE. Macquarie upgraded shares of Vale from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 21st. BMO Capital Markets set a $11.00 target price on shares of Vale and gave the company a “hold” rating in a research report on Thursday, December 7th. Deutsche Bank cut shares of Vale from a “buy” rating to a “hold” rating and upped their target price for the company from $12.00 to $12.50 in a research report on Tuesday, January 16th. Royal Bank of Canada set a $15.00 target price on shares of Vale and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, Credit Suisse Group upgraded shares of Vale from a “neutral” rating to an “outperform” rating and upped their target price for the company from $11.32 to $15.00 in a research report on Tuesday, December 5th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Vale has an average rating of “Buy” and an average target price of $12.46.
Shares of Vale SA (VALE) traded down $0.17 during mid-day trading on Wednesday, hitting $13.81. 4,376,350 shares of the stock traded hands, compared to its average volume of 27,438,307. Vale SA has a one year low of $7.47 and a one year high of $14.37. The firm has a market cap of $73,673.24, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 0.89 and a beta of 1.67. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52.
The company also recently declared a None dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Tuesday, December 26th will be issued a $0.098 dividend. The ex-dividend date is Friday, December 22nd. Vale’s dividend payout ratio (DPR) is 33.66%.
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Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.
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