Signature Estate & Investment Advisors LLC Acquires New Stake in Vale S.A. $VALE

Signature Estate & Investment Advisors LLC acquired a new stake in Vale S.A. (NYSE:VALE) during the second quarter, according to its most recent filing with the SEC. The firm acquired 10,238 shares of the basic materials company’s stock, valued at approximately $99,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VALE. Wealth Enhancement Advisory Services LLC grew its position in Vale by 38.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,522 shares of the basic materials company’s stock valued at $225,000 after buying an additional 6,261 shares during the last quarter. Blue Trust Inc. grew its position in Vale by 5.1% in the 1st quarter. Blue Trust Inc. now owns 25,876 shares of the basic materials company’s stock valued at $258,000 after buying an additional 1,248 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Vale by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 499,380 shares of the basic materials company’s stock valued at $4,984,000 after buying an additional 35,836 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Vale in the 1st quarter valued at $228,000. Finally, AssuredPartners Investment Advisors LLC grew its position in Vale by 70.0% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 38,637 shares of the basic materials company’s stock valued at $386,000 after buying an additional 15,903 shares during the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on VALE. Morgan Stanley set a $11.50 target price on shares of Vale in a research report on Wednesday, October 8th. Scotiabank upgraded shares of Vale from a “sector perform” rating to a “sector outperform” rating and set a $14.00 target price on the stock in a research report on Thursday, September 18th. Hsbc Global Res upgraded shares of Vale to a “strong-buy” rating in a research report on Friday, October 17th. Weiss Ratings restated a “sell (d+)” rating on shares of Vale in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Vale from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.13.

Vale Trading Down 1.0%

NYSE:VALE opened at $11.29 on Wednesday. The company has a market capitalization of $51.23 billion, a PE ratio of 9.18 and a beta of 0.80. The company has a quick ratio of 0.85, a current ratio of 1.22 and a debt-to-equity ratio of 0.48. Vale S.A. has a 52-week low of $8.06 and a 52-week high of $11.46. The stock has a fifty day simple moving average of $10.61 and a 200-day simple moving average of $9.93.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.16. The business had revenue of $8.80 billion during the quarter, compared to the consensus estimate of $9.54 billion. Vale had a return on equity of 18.14% and a net margin of 14.23%. On average, equities research analysts expect that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.3417 per share. This represents a dividend yield of 740.0%. The ex-dividend date of this dividend was Wednesday, August 13th. Vale’s payout ratio is 59.35%.

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.