Kestra Private Wealth Services LLC Purchases 12,392 Shares of Vale S.A. (NYSE:VALE)

Kestra Private Wealth Services LLC boosted its position in shares of Vale S.A. (NYSE:VALE) by 64.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,504 shares of the basic materials company’s stock after acquiring an additional 12,392 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Vale were worth $500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VALE. Whittier Trust Co. increased its holdings in shares of Vale by 423.1% in the fourth quarter. Whittier Trust Co. now owns 1,951 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 1,578 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of Vale in the fourth quarter valued at $31,000. GAMMA Investing LLC acquired a new position in shares of Vale in the fourth quarter valued at $32,000. Systematic Alpha Investments LLC acquired a new position in shares of Vale in the third quarter valued at $31,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Vale by 2,502.8% in the fourth quarter. Sound Income Strategies LLC now owns 2,837 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 2,728 shares during the last quarter. 21.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

VALE has been the topic of several research reports. Bank of America restated a “neutral” rating and issued a $13.00 price target (down from $20.00) on shares of Vale in a research note on Tuesday, April 9th. Barclays upped their price target on shares of Vale from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, April 4th. JPMorgan Chase & Co. decreased their price target on shares of Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, StockNews.com initiated coverage on shares of Vale in a research note on Saturday, March 30th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Vale has an average rating of “Moderate Buy” and a consensus target price of $16.67.

Vale Stock Down 0.1 %

VALE stock opened at $12.60 on Tuesday. The stock has a market capitalization of $56.46 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 5.44 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. Vale S.A. has a 12 month low of $11.52 and a 12 month high of $16.08. The firm has a 50-day moving average price of $12.42 and a 200-day moving average price of $13.72.

Vale (NYSE:VALE) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.48). The company had revenue of $13.05 billion during the quarter, compared to the consensus estimate of $12.95 billion. Vale had a return on equity of 19.59% and a net margin of 18.72%. During the same period last year, the company posted $0.82 EPS. As a group, equities research analysts anticipate that Vale S.A. will post 2.23 EPS for the current fiscal year.

Vale Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were issued a $0.3182 dividend. The ex-dividend date was Tuesday, March 12th. This represents a dividend yield of 9.7%. Vale’s dividend payout ratio (DPR) is currently 65.19%.

Vale Company 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.