15,300 Shares in Vale S.A. (NYSE:VALE) Bought by Riverview Capital Advisers LLC

Riverview Capital Advisers LLC bought a new stake in Vale S.A. (NYSE:VALE) during the fourth quarter, Holdings Channel reports. The firm bought 15,300 shares of the basic materials company’s stock, valued at approximately $136,000.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in Vale by 39.4% in the 4th quarter. SG Americas Securities LLC now owns 349,851 shares of the basic materials company’s stock valued at $3,103,000 after buying an additional 98,899 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 1,938 shares during the period. Truist Financial Corp grew its stake in shares of Vale by 18.2% in the fourth quarter. Truist Financial Corp now owns 33,704 shares of the basic materials company’s stock worth $299,000 after acquiring an additional 5,189 shares during the last quarter. US Bancorp DE increased its position in Vale by 164.5% during the fourth quarter. US Bancorp DE now owns 148,857 shares of the basic materials company’s stock worth $1,320,000 after acquiring an additional 92,570 shares during the period. Finally, Atria Wealth Solutions Inc. increased its position in Vale by 92.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 26,689 shares of the basic materials company’s stock worth $237,000 after acquiring an additional 12,801 shares during the period. Institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

VALE has been the subject of a number of research reports. Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. CICC Research initiated coverage on shares of Vale in a research note on Monday. They set an “outperform” rating and a $11.30 price target on the stock. StockNews.com began coverage on shares of Vale in a report on Wednesday, May 7th. They issued a “hold” rating on the stock. UBS Group reduced their price objective on shares of Vale from $10.50 to $9.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $11.00 target price (down previously from $12.00) on shares of Vale in a research note on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Vale has an average rating of “Hold” and an average target price of $12.04.

Vale Price Performance

Shares of NYSE VALE opened at $9.79 on Thursday. The company has a fifty day moving average price of $9.48 and a 200 day moving average price of $9.52. The firm has a market cap of $44.44 billion, a PE ratio of 6.80, a PEG ratio of 0.31 and a beta of 0.83. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $13.14.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.39 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. Research analysts predict that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a dividend of $0.3758 per share. The ex-dividend date was Monday, March 10th. This represents a dividend yield of 7.5%. This is a boost from Vale’s previous semi-annual dividend of $0.30. Vale’s dividend payout ratio is currently 54.35%.

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.