Janus Henderson Group PLC Acquires New Holdings in Vale S.A. (NYSE:VALE)

Janus Henderson Group PLC bought a new position in Vale S.A. (NYSE:VALE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,016,761 shares of the basic materials company’s stock, valued at approximately $9,022,000.

Several other large investors also recently made changes to their positions in the company. Brooklyn Investment Group grew its stake in shares of Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 1,900 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock valued at $26,000 after buying an additional 1,938 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Vale by 3,092.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 3,092 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Vale during the 4th quarter worth $30,000. Finally, Atlas Capital Advisors Inc. grew its holdings in shares of Vale by 68.3% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,623 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Bank of America raised Vale from a “neutral” rating to a “buy” rating and raised their target price for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. UBS Group decreased their price objective on Vale from $10.50 to $9.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. StockNews.com started coverage on Vale in a report on Wednesday, May 7th. They issued a “hold” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price target (down from $12.00) on shares of Vale in a report on Thursday, April 17th. Finally, CICC Research began coverage on shares of Vale in a research report on Monday, May 12th. They issued an “outperform” rating and a $11.30 target price for the company. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Vale has an average rating of “Hold” and an average target price of $12.04.

Vale Price Performance

Shares of VALE opened at $9.80 on Friday. The stock has a market capitalization of $44.46 billion, a P/E ratio of 6.80, a P/E/G ratio of 0.31 and a beta of 0.83. The company has a 50 day moving average of $9.50 and a 200-day moving average of $9.49. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $13.14.

Vale (NYSE:VALE) last issued 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 firm had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. As a group, equities research analysts forecast 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 paid a $0.3758 dividend. This represents a dividend yield of 7.5%. This is a positive change from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date of this dividend was Monday, March 10th. Vale’s dividend payout ratio (DPR) is 54.35%.

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.