State of New Jersey Common Pension Fund D increased its holdings in shares of Vale SA (NYSE:VALE) by 36.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,070,029 shares of the basic materials company’s stock after acquiring an additional 288,519 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Vale were worth $15,879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VALE. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Vale by 1,518.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,027 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 7,531 shares during the period. Smithfield Trust Co. acquired a new stake in shares of Vale in the second quarter valued at approximately $121,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Vale in the first quarter valued at approximately $127,000. Moors & Cabot Inc. acquired a new stake in shares of Vale in the first quarter valued at approximately $132,000. Finally, Johnson Financial Group Inc. increased its stake in shares of Vale by 84.1% in the second quarter. Johnson Financial Group Inc. now owns 11,600 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 5,300 shares during the period. Hedge funds and other institutional investors own 20.01% of the company’s stock.

Vale stock opened at $15.26 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.68 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $83.12 billion, a PE ratio of 11.29 and a beta of 1.72. Vale SA has a 12-month low of $9.53 and a 12-month high of $16.13.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, July 26th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.18. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.75 billion. Vale had a net margin of 13.17% and a return on equity of 17.47%. As a group, sell-side analysts anticipate that Vale SA will post 1.4 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which was paid on Thursday, September 27th. Stockholders of record on Monday, August 6th were issued a $0.0462 dividend. The ex-dividend date was Friday, August 3rd. Vale’s dividend payout ratio (DPR) is presently 5.93%.

Several brokerages have commented on VALE. Zacks Investment Research upgraded shares of Vale from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, October 15th. Deutsche Bank set a $15.00 price target on shares of Vale and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Macquarie lowered shares of Vale from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 25th. ValuEngine upgraded shares of Vale from a “hold” rating to a “buy” rating in a research note on Friday, September 21st. Finally, BMO Capital Markets set a $16.00 price target on shares of Vale and gave the company a “buy” rating in a research note on Monday, July 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.05.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

Further Reading: Moving Average (MA)

Institutional Ownership by Quarter for Vale (NYSE:VALE)

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