O Shaughnessy Asset Management LLC Has $10.65 Million Stock Holdings in Vale S.A. (NYSE:VALE)

O Shaughnessy Asset Management LLC increased its position in shares of Vale S.A. (NYSE:VALE) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,200,907 shares of the basic materials company’s stock after buying an additional 127,885 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Vale were worth $10,652,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Vale during the third quarter worth about $1,126,000. Bank of Montreal Can increased its holdings in Vale by 274.4% during the 3rd quarter. Bank of Montreal Can now owns 162,453 shares of the basic materials company’s stock worth $1,915,000 after purchasing an additional 119,061 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in Vale during the 3rd quarter worth approximately $1,422,000. NFJ Investment Group LLC raised its stake in shares of Vale by 17.6% in the third quarter. NFJ Investment Group LLC now owns 469,036 shares of the basic materials company’s stock worth $5,478,000 after purchasing an additional 70,278 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Vale by 57.0% in the third quarter. Point72 Asset Management L.P. now owns 3,778,126 shares of the basic materials company’s stock valued at $44,129,000 after purchasing an additional 1,371,478 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VALE. Jefferies Financial Group lowered their price target on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Barclays lowered their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a report on Wednesday, December 4th. StockNews.com began coverage on shares of Vale in a report on Tuesday, March 25th. They set a “hold” rating on the stock. 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 report on Monday, January 6th. Finally, Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.26.

Vale Trading Down 0.6 %

Shares of VALE stock opened at $9.98 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a market cap of $45.28 billion, a P/E ratio of 6.93, a PEG ratio of 0.31 and a beta of 0.85. The company has a 50 day moving average of $9.63 and a 200-day moving average of $9.89. Vale S.A. has a 12-month low of $8.38 and a 12-month high of $13.14.

Vale (NYSE:VALE) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.36). Vale had a return on equity of 17.38% and a net margin of 16.15%. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.03 billion. Sell-side analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.3758 per share. The ex-dividend date was Monday, March 10th. This is an increase from Vale’s previous semi-annual dividend of $0.30. This represents a yield of 7.5%. Vale’s dividend payout ratio is 52.08%.

About Vale

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.