Atria Wealth Solutions Inc. Buys 15,099 Shares of Vale S.A. (NYSE:VALE)

Atria Wealth Solutions Inc. boosted its stake in shares of Vale S.A. (NYSE:VALE) by 46.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 47,943 shares of the basic materials company’s stock after purchasing an additional 15,099 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Vale were worth $760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Greenleaf Trust increased its position in shares of Vale by 2.8% during the fourth quarter. Greenleaf Trust now owns 30,283 shares of the basic materials company’s stock worth $480,000 after purchasing an additional 827 shares in the last quarter. Rehmann Capital Advisory Group increased its position in Vale by 7.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 14,010 shares of the basic materials company’s stock valued at $188,000 after buying an additional 915 shares in the last quarter. Blue Trust Inc. raised its stake in Vale by 10.2% in the fourth quarter. Blue Trust Inc. now owns 10,097 shares of the basic materials company’s stock valued at $160,000 after buying an additional 932 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Vale by 6.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company’s stock worth $296,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Capital Analysts LLC grew its stake in shares of Vale by 28.9% during the fourth quarter. Capital Analysts LLC now owns 5,581 shares of the basic materials company’s stock worth $89,000 after acquiring an additional 1,252 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on VALE. JPMorgan Chase & Co. decreased their price objective on shares of Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $19.00 price target on shares of Vale in a report on Monday, February 12th. Barclays boosted their price objective on shares of Vale from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Bank of America restated a “neutral” rating and issued a $13.00 target price (down previously from $20.00) on shares of Vale in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.67.

Vale Trading Up 0.7 %

Shares of NYSE:VALE opened at $12.61 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. Vale S.A. has a 12-month low of $11.52 and a 12-month high of $16.08. The business has a 50 day moving average of $12.45 and a two-hundred day moving average of $13.72. The company has a market capitalization of $56.53 billion, a PE ratio of 6.97, a PEG ratio of 5.26 and a beta of 0.97.

Vale (NYSE:VALE) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.48). The firm had revenue of $13.05 billion during the quarter, compared to analyst estimates of $12.95 billion. Vale had a net margin of 18.72% and a return on equity of 19.59%. During the same quarter in the prior year, the firm earned $0.82 earnings per share. As a group, analysts forecast that Vale S.A. will post 2.23 EPS for the current year.

Vale Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a $0.3182 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a dividend yield of 9.7%. Vale’s dividend payout ratio is presently 65.19%.

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.