Wells Fargo & Company MN Grows Stake in Vale S.A. (NYSE:VALE)

Wells Fargo & Company MN grew its position in Vale S.A. ( NYSE:VALE – Free Report ) by 10.

2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,073,716 shares of the basic materials company’s stock after buying an additional 99,562 shares during the quarter. Wells Fargo & Company MN’s holdings in Vale were worth $9,524,000 at the end of the most recent reporting period.



Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its stake in Vale by 328.3% in the fourth quarter.

Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company’s stock worth $153,891,000 after acquiring an additional 13,298,912 shares during the period. Mondrian Investment Partners LTD raised its holdings in shares of Vale by 13.3% in the 4th quarter.

Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company’s stock valued at $109,202,000 after purchasing an additional 1,381,475 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 worth $88,396,000 after purchasing an additional 2,014,652 shares during the period.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Vale by 106.

0% during the fourth quarter. Robeco Institutional Asset Management B.V.

now owns 9,721,066 shares of the basic materials company’s stock valued at $86,226,000 after purchasing an additional 5,001,228 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Vale by 64.6% during the fourth quarter.

Wellington Management Group LLP now owns 3,713,475 shares of the basic materials company’s stock valued at $32,939,000 after purchasing an additional 1,457,586 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In A number of research firms have weighed in on VALE. StockNews.com started coverage on Vale in a report on Wednesday, April 2nd.

They set a “hold” rating for the company. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and increased their price target for the company from $11.

00 to $11.50 in a research report on Thursday, April 10th. Jefferies Financial Group cut their price objective on shares of Vale from $14.

00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Scotiabank reduced 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. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.65.

Vale Price Performance Shares of VALE opened at $9.00 on Thursday. The firm has a market capitalization of $40.

85 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 0.31 and a beta of 0.

73. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.

91 and a quick ratio of 0.58. The company’s fifty day moving average price is $9.

60 and its 200-day moving average price is $9.74. Vale S.

A. has a 1-year low of $8.06 and a 1-year high of $13.

14. Vale ( NYSE:VALE – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.

20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36).

Vale had a net margin of 16.15% and a return on equity of 17.38%.

The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.03 billion.

On average, equities research analysts predict that Vale S.A. will post 1.

85 EPS for the current year. Vale Increases Dividend The firm also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.

3758 per share. The ex-dividend date was Monday, March 10th. This is a positive change from Vale’s previous semi-annual dividend of $0.

30. This represents a yield of 7.5%.

Vale’s dividend payout ratio (DPR) is currently 52.08%. Vale Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding VALE? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for Vale S.A. ( NYSE:VALE – Free Report ).

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