Vale S.A. (NYSE:VALE) Position Raised by RWC Asset Advisors US LLC

RWC Asset Advisors US LLC lifted its stake in Vale S.A. (NYSE:VALE) by 0.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,837,103 shares of the basic materials company’s stock after acquiring an additional 75,726 shares during the period. Vale accounts for approximately 13.6% of RWC Asset Advisors US LLC’s portfolio, making the stock its 3rd biggest position. RWC Asset Advisors US LLC’s holdings in Vale were worth $171,876,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VALE. Asset Management One Co. Ltd. grew its position in shares of Vale by 18.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 803,435 shares of the basic materials company’s stock valued at $10,766,000 after buying an additional 123,277 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Vale in the 3rd quarter valued at $168,000. U.S. Capital Wealth Advisors LLC grew its position in shares of Vale by 10.7% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 172,895 shares of the basic materials company’s stock valued at $2,317,000 after buying an additional 16,710 shares during the last quarter. Manning & Napier Group LLC grew its position in shares of Vale by 1.1% in the 3rd quarter. Manning & Napier Group LLC now owns 259,821 shares of the basic materials company’s stock valued at $3,482,000 after buying an additional 2,729 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Vale by 7.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 237,989 shares of the basic materials company’s stock worth $3,189,000 after purchasing an additional 17,089 shares during the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Price Performance

Shares of NYSE VALE traded up $0.22 during midday trading on Friday, hitting $12.28. The company had a trading volume of 21,435,374 shares, compared to its average volume of 31,778,502. The company has a quick ratio of 0.96, a current ratio of 1.28 and a debt-to-equity ratio of 0.38. Vale S.A. has a twelve month low of $11.52 and a twelve month high of $16.08. The business has a 50-day simple moving average of $12.54 and a two-hundred day simple moving average of $13.74. The firm has a market capitalization of $55.05 billion, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97.

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

Vale Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VALE. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, April 4th. Royal Bank of Canada reissued an “outperform” rating and set a $19.00 price objective on shares of Vale in a research report on Monday, February 12th. Bank of America reissued a “neutral” rating and set a $13.00 price objective (down from $20.00) on shares of Vale in a research report on Tuesday, April 9th. StockNews.com began coverage on shares of Vale in a research report on Saturday, March 30th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. lowered their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Vale presently has a consensus rating of “Moderate Buy” and a consensus price target 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.