SG Americas Securities LLC Buys 149,551 Shares of Vale S.A. $VALE

SG Americas Securities LLC increased its position in shares of Vale S.A. (NYSE:VALE) by 58.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 405,405 shares of the basic materials company’s stock after acquiring an additional 149,551 shares during the quarter. SG Americas Securities LLC’s holdings in Vale were worth $4,403,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VALE. NewEdge Advisors LLC boosted its position in shares of Vale by 4.9% during the first quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after purchasing an additional 3,704 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Vale by 46.6% during the 1st quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock worth $375,000 after buying an additional 11,964 shares during the period. Empowered Funds LLC acquired a new stake in Vale during the 1st quarter worth $171,000. Integrity Alliance LLC. lifted its holdings in Vale by 15.3% during the first quarter. Integrity Alliance LLC. now owns 18,932 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 2,517 shares in the last quarter. Finally, Strs Ohio acquired a new position in Vale in the first quarter valued at about $117,000. Institutional investors own 21.85% of the company’s stock.

Vale Trading Down 0.7%

NYSE:VALE opened at $13.98 on Monday. The company has a market cap of $63.43 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 0.45 and a beta of 0.53. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $14.38. The business has a 50 day moving average price of $12.80 and a two-hundred day moving average price of $11.29. The company has a quick ratio of 0.82, a current ratio of 1.24 and a debt-to-equity ratio of 0.49.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, October 30th. The basic materials company reported $0.63 EPS for the quarter, topping 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 net margin of 14.69% and a return on equity of 18.60%. As a group, analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 12th will be issued a $0.2331 dividend. The ex-dividend date is Friday, December 12th. Vale’s dividend payout ratio (DPR) is presently 69.23%.

Wall Street Analyst Weigh In

VALE has been the topic of a number of research analyst reports. Barclays raised their price target on Vale from $14.50 to $15.50 and gave the stock an “overweight” rating in a research report on Thursday. Wall Street Zen cut Vale from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 27th. JPMorgan Chase & Co. lifted their price target on shares of Vale from $13.50 to $14.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Jefferies Financial Group set a $15.00 price target on shares of Vale and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, UBS Group raised their price objective on shares of Vale from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.