Perpetual Ltd Has $1.69 Million Holdings in Vale S.A. (NYSE:VALE)

Perpetual Ltd increased its stake in shares of Vale S.A. (NYSE:VALE) by 207.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 144,986 shares of the basic materials company’s stock after acquiring an additional 97,875 shares during the period. Perpetual Ltd’s holdings in Vale were worth $1,693,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cetera Advisors LLC boosted its holdings in shares of Vale by 109.1% in the 1st quarter. Cetera Advisors LLC now owns 101,406 shares of the basic materials company’s stock worth $1,236,000 after acquiring an additional 52,906 shares in the last quarter. Marshall Wace LLP boosted its stake in Vale by 395.3% in the second quarter. Marshall Wace LLP now owns 7,152,069 shares of the basic materials company’s stock worth $79,889,000 after purchasing an additional 5,707,969 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Vale in the first quarter valued at $1,379,000. Itau Unibanco Holding S.A. increased its stake in shares of Vale by 10.4% in the second quarter. Itau Unibanco Holding S.A. now owns 5,398,881 shares of the basic materials company’s stock valued at $58,690,000 after buying an additional 508,100 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Vale by 180.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 683,428 shares of the basic materials company’s stock valued at $8,331,000 after buying an additional 439,733 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Up 0.7 %

Shares of Vale stock opened at $10.99 on Friday. The business has a fifty day simple moving average of $10.62 and a 200 day simple moving average of $11.40. The stock has a market cap of $49.25 billion, a PE ratio of 6.07, a price-to-earnings-growth ratio of 3.52 and a beta of 0.93. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. Vale S.A. has a 12 month low of $9.66 and a 12 month high of $16.08.

Vale (NYSE:VALE) last posted its earnings results on Thursday, July 25th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. The company had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.97 billion. Vale had a return on equity of 22.23% and a net margin of 23.07%. Research analysts predict that Vale S.A. will post 2.14 EPS for the current year.

Vale Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 5th were issued a $0.3698 dividend. This is a positive change from Vale’s previous semi-annual dividend of $0.32. The ex-dividend date was Monday, August 5th. This represents a dividend yield of 12.1%. Vale’s payout ratio is 64.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VALE shares. UBS Group lowered their price objective on shares of Vale from $15.00 to $14.50 and set a “buy” rating for the company in a research report on Friday, July 5th. Wolfe Research cut shares of Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday. BNP Paribas upgraded Vale from an “underperform” rating to a “neutral” rating in a research report on Friday, June 21st. Morgan Stanley lowered their target price on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday, September 19th. Finally, JPMorgan Chase & Co. cut their price target on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.17.

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.