Capital Group Private Client Services Inc. Sells 124,566 Shares of Vale S.A. (NYSE:VALE)

Capital Group Private Client Services Inc. lessened its position in shares of Vale S.A. (NYSE:VALE) by 48.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,110 shares of the basic materials company’s stock after selling 124,566 shares during the period. Capital Group Private Client Services Inc.’s holdings in Vale were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in shares of Vale by 2,160.3% in the fourth quarter. NewEdge Advisors LLC now owns 75,696 shares of the basic materials company’s stock worth $671,000 after acquiring an additional 72,347 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of Vale by 95.4% during the fourth quarter. Bridgewater Associates LP now owns 3,977,115 shares of the basic materials company’s stock worth $35,277,000 after buying an additional 1,941,638 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Vale by 15.0% during the fourth quarter. Guggenheim Capital LLC now owns 80,270 shares of the basic materials company’s stock worth $712,000 after buying an additional 10,480 shares in the last quarter. LaSalle St. Investment Advisors LLC boosted its holdings in shares of Vale by 115.4% during the 4th quarter. LaSalle St. Investment Advisors LLC now owns 45,536 shares of the basic materials company’s stock valued at $403,000 after acquiring an additional 24,400 shares in the last quarter. Finally, XTX Topco Ltd grew its position in Vale by 31.7% during the 4th quarter. XTX Topco Ltd now owns 35,713 shares of the basic materials company’s stock worth $317,000 after acquiring an additional 8,597 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Up 1.1 %

NYSE:VALE opened at $9.10 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. Vale S.A. has a one year low of $8.06 and a one year high of $13.14. The company has a market cap of $41.28 billion, a PE ratio of 6.32, a PEG ratio of 0.31 and a beta of 0.73. The firm has a 50-day moving average of $9.58 and a 200-day moving average of $9.69.

Vale (NYSE:VALE) last posted its earnings results 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). The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. As a group, equities research analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal 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 given a $0.3758 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a yield of 7.5%. This is a boost from Vale’s previous semi-annual dividend of $0.30. Vale’s payout ratio is currently 52.08%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VALE. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Jefferies Financial Group dropped their price target on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. StockNews.com assumed coverage on shares of Vale in a report on Wednesday, April 2nd. They issued a “hold” rating on the stock. Scotiabank decreased their price target on Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Monday, January 6th. Finally, Bank of America raised 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 research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.44.

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.