Vale S.A. (NYSE:VALE) is TLS Advisors LLC’s 5th Largest Position

TLS Advisors LLC raised its holdings in shares of Vale S.A. (NYSE:VALE) by 20.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 594,000 shares of the basic materials company’s stock after acquiring an additional 100,000 shares during the quarter. Vale comprises approximately 12.0% of TLS Advisors LLC’s portfolio, making the stock its 5th biggest holding. TLS Advisors LLC’s holdings in Vale were worth $5,269,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VALE. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Vale in the third quarter valued at approximately $28,000. Brooklyn Investment Group boosted its holdings in Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 1,900 shares during the period. IFP Advisors Inc grew its position in shares of Vale by 206.4% during the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 1,938 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Vale during the 3rd quarter valued at $36,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Vale by 3,092.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 3,092 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VALE shares. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. StockNews.com initiated coverage on shares of Vale in a research note on Tuesday. They issued a “hold” rating on the stock. Scotiabank dropped their target price on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research report on Monday, January 6th. Finally, Jefferies Financial Group decreased their price target on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.26.

Vale Trading Down 1.1 %

Shares of VALE opened at $10.06 on Friday. Vale S.A. has a fifty-two week low of $8.38 and a fifty-two week high of $13.14. The firm has a market cap of $45.64 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 0.31 and a beta of 0.85. The firm has a 50 day moving average price of $9.61 and a 200-day moving average price of $9.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91.

Vale (NYSE:VALE) 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 return on equity of 17.38% and a net margin of 16.15%. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.03 billion. As a group, equities research analysts forecast that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.3758 per share. This represents a yield of 7.5%. This is a positive change from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date was Monday, March 10th. Vale’s dividend payout ratio (DPR) is presently 52.08%.

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.