DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Takes Position in Vale S.A. (NYSE:VALE)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Vale S.A. (NYSE:VALE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 100,000 shares of the basic materials company’s stock, valued at approximately $887,000.

A number of other institutional investors also recently bought and sold shares of the company. CoreCommodity Management LLC lifted its holdings in Vale by 70.3% in the fourth quarter. CoreCommodity Management LLC now owns 21,345 shares of the basic materials company’s stock valued at $189,000 after acquiring an additional 8,811 shares during the last quarter. Bramshill Investments LLC purchased a new stake in Vale in the fourth quarter valued at $1,363,000. Cary Street Partners Financial LLC acquired a new position in shares of Vale in the 4th quarter valued at $101,000. Balyasny Asset Management L.P. raised its holdings in Vale by 6,547.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 4,782,424 shares of the basic materials company’s stock valued at $42,420,000 after buying an additional 4,710,481 shares during the period. Finally, American Trust Investment Advisors LLC lifted its position in Vale by 39.1% in the fourth quarter. American Trust Investment Advisors LLC now owns 65,525 shares of the basic materials company’s stock valued at $581,000 after buying an additional 18,405 shares during the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Price Performance

Vale stock opened at $9.37 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $9.49 and a 200-day simple moving average of $9.52. The stock has a market cap of $42.53 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 0.31 and a beta of 0.83. Vale S.A. has a 12-month low of $8.06 and a 12-month high of $13.14.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. Equities analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.3758 per share. This represents a dividend yield of 7.5%. The ex-dividend date was Monday, March 10th. This is an increase from Vale’s previous semi-annual dividend of $0.30. Vale’s payout ratio is currently 54.35%.

Analyst Ratings Changes

VALE has been the subject of a number of research analyst reports. StockNews.com began coverage on shares of Vale in a research report on Wednesday, May 7th. They set a “hold” rating for the company. Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $11.00 to $11.50 in a report on Thursday, April 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $11.00 price objective (down previously from $12.00) on shares of Vale in a research note on Thursday, April 17th. Finally, UBS Group dropped their price target on shares of Vale from $10.50 to $9.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.13.

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.