Hantz Financial Services Inc. Has $1.27 Million Stock Holdings in Vale S.A. $VALE

Hantz Financial Services Inc. raised its stake in Vale S.A. (NYSE:VALE) by 308.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,034 shares of the basic materials company’s stock after purchasing an additional 88,348 shares during the quarter. Hantz Financial Services Inc.’s holdings in Vale were worth $1,271,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vontobel Holding Ltd. raised its holdings in shares of Vale by 59.5% in the 2nd 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 period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Vale by 11.7% during the second 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 purchasing an additional 55,543 shares during the period. Assenagon Asset Management S.A. acquired a new position in Vale during the third quarter worth approximately $20,754,000. Advisory Resource Group bought a new stake in Vale in the third quarter valued at approximately $1,434,000. Finally, Ninety One North America Inc. lifted its position in shares of Vale by 35.6% in the third quarter. Ninety One North America Inc. now owns 3,377,582 shares of the basic materials company’s stock valued at $36,681,000 after buying an additional 886,214 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VALE. Wells Fargo & Company boosted their target price on Vale from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Scotiabank cut shares of Vale from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $14.00 to $15.00 in a research report on Thursday, January 8th. Zacks Research lowered shares of Vale from a “strong-buy” rating to a “hold” rating in a research report on Thursday. HSBC raised their target price on shares of Vale from $12.25 to $13.50 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, Royal Bank Of Canada upgraded shares of Vale from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $11.00 to $14.20 in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.73.

Vale Stock Performance

NYSE VALE opened at $16.31 on Friday. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $17.34. 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 business’s fifty day moving average is $14.17 and its 200 day moving average is $12.07.

Vale Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 12th were issued a dividend of $0.2331 per share. The ex-dividend date was Friday, December 12th. Vale’s payout ratio is 67.69%.

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.