Kestra Private Wealth Services LLC Acquires 12,392 Shares of Vale S.A. (NYSE:VALE)

Kestra Private Wealth Services LLC increased its holdings in Vale S.A. (NYSE:VALE) by 64.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,504 shares of the basic materials company’s stock after purchasing an additional 12,392 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Vale were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of VALE. Mondrian Investment Partners LTD boosted its position in Vale by 1.7% during the 3rd quarter. Mondrian Investment Partners LTD now owns 9,254,277 shares of the basic materials company’s stock valued at $124,007,000 after acquiring an additional 150,918 shares in the last quarter. Blue Trust Inc. boosted its position in Vale by 10.2% during the 4th quarter. Blue Trust Inc. now owns 10,097 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 932 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Vale by 49,161.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,413 shares of the basic materials company’s stock valued at $38,705,000 after acquiring an additional 2,435,459 shares in the last quarter. Van ECK Associates Corp boosted its position in Vale by 4.5% during the 3rd quarter. Van ECK Associates Corp now owns 6,724,828 shares of the basic materials company’s stock valued at $90,112,000 after acquiring an additional 289,495 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in Vale during the 3rd quarter valued at approximately $290,000. 21.85% of the stock is owned by institutional investors.

Vale Price Performance

NYSE VALE opened at $12.60 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 1.12. The company has a market capitalization of $56.46 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 5.44 and a beta of 0.97. The stock has a 50-day moving average of $12.42 and a 200 day moving average of $13.72. Vale S.A. has a one year low of $11.52 and a one year high of $16.08.

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

Vale Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VALE. Royal Bank of Canada reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Vale in a research report on Monday, February 12th. Bank of America reiterated a “neutral” rating and set a $13.00 target price (down from $20.00) on shares of Vale in a report on Tuesday, April 9th. Barclays lifted their target price on shares of Vale from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. lowered their target price on shares of Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, StockNews.com initiated coverage on shares of Vale in a report on Saturday, March 30th. They set a “buy” rating for the company. 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 data from MarketBeat.com, Vale presently has an average rating of “Moderate Buy” and a consensus target price of $16.67.

Vale 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.