D.A. Davidson & CO. Has $2.40 Million Position in Vale S.A. $VALE

D.A. Davidson & CO. boosted its holdings in shares of Vale S.A. (NYSE:VALE) by 345.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 221,085 shares of the basic materials company’s stock after acquiring an additional 171,400 shares during the period. D.A. Davidson & CO.’s holdings in Vale were worth $2,401,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vontobel Holding Ltd. increased its holdings in Vale by 59.5% in the second quarter. Vontobel Holding Ltd. now owns 97,506 shares of the basic materials company’s stock valued at $947,000 after purchasing an additional 36,372 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Vale by 11.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 529,967 shares of the basic materials company’s stock worth $5,019,000 after buying an additional 55,543 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Vale in the 3rd quarter valued at about $20,754,000. Lazard Asset Management LLC raised its position in shares of Vale by 5.3% in the 2nd quarter. Lazard Asset Management LLC now owns 20,080,222 shares of the basic materials company’s stock valued at $194,978,000 after acquiring an additional 1,002,588 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Vale by 25.9% in the 1st quarter. Rhumbline Advisers now owns 166,125 shares of the basic materials company’s stock valued at $1,658,000 after acquiring an additional 34,185 shares during the period. Institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

VALE opened at $13.98 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 0.82. The company has a market capitalization of $63.86 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 0.45 and a beta of 0.53. The business’s 50-day moving average price is $12.80 and its two-hundred day moving average price is $11.26. Vale S.A. has a 1 year low of $8.06 and a 1 year high of $14.38.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 30th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. The business had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.39 billion. Vale had a return on equity of 18.60% and a net margin of 14.69%. Equities analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 12th will be given a $0.2331 dividend. The ex-dividend date of this dividend is Friday, December 12th. Vale’s payout ratio is currently 69.23%.

Analyst Ratings Changes

A number of brokerages recently issued reports on VALE. Jefferies Financial Group set a $15.00 price objective on shares of Vale and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Vale in a report on Monday, December 29th. Morgan Stanley set a $11.50 price objective on shares of Vale in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on Vale from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 23rd. Finally, HSBC boosted their target price on Vale from $12.25 to $13.50 and gave the company a “buy” rating in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Vale presently has an average rating of “Moderate Buy” and a consensus target price of $13.21.

Vale Company Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.