TLS Advisors LLC Has $5.27 Million Position in Vale S.A. (NYSE:VALE)

TLS Advisors LLC increased its holdings in Vale S.A. (NYSE:VALE) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 594,000 shares of the basic materials company’s stock after purchasing an additional 100,000 shares during the quarter. Vale makes up approximately 12.0% of TLS Advisors LLC’s holdings, making the stock its 5th largest holding. TLS Advisors LLC’s holdings in Vale were worth $5,269,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Brooklyn Investment Group increased its position in Vale by 215.9% during 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 boosted its stake 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 Asia Singapore Pte. Ltd. purchased a new position in shares of Vale during the third quarter valued at about $28,000. Cornerstone Planning Group LLC raised its stake in 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 buying an additional 3,092 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Vale in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VALE. Jefferies Financial Group reduced their target price on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. StockNews.com assumed coverage on shares of Vale in a report on Tuesday. They set a “hold” rating on the stock. Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, Scotiabank dropped their price objective on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $13.26.

Vale Stock Down 1.1 %

Shares of Vale stock opened at $10.06 on Friday. The company has a 50-day simple moving average of $9.61 and a two-hundred day simple moving average of $9.90. Vale S.A. has a 52-week low of $8.38 and a 52-week high of $13.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The stock has a market capitalization of $45.64 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85.

Vale (NYSE:VALE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share 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. On average, analysts anticipate that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

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

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.