Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 479,900 Vale S.A. (NYSE:VALE)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Vale S.A. (NYSE:VALE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 479,900 shares of the basic materials company’s stock, valued at approximately $5,360,000.

Other large investors have also recently bought and sold shares of the company. Legacy Capital Group California Inc. raised its position in shares of Vale by 6.9% in the second quarter. Legacy Capital Group California Inc. now owns 17,932 shares of the basic materials company’s stock valued at $200,000 after purchasing an additional 1,154 shares during the period. Bank of New York Mellon Corp raised its holdings in Vale by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock worth $693,000 after acquiring an additional 1,187 shares during the period. Inspire Advisors LLC lifted its position in Vale by 6.8% during the 1st quarter. Inspire Advisors LLC now owns 19,277 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 1,226 shares during the last quarter. IFG Advisory LLC boosted its holdings in Vale by 6.1% during the second quarter. IFG Advisory LLC now owns 22,702 shares of the basic materials company’s stock valued at $254,000 after acquiring an additional 1,296 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in Vale by 3.0% in the 1st quarter. QRG Capital Management Inc. now owns 48,109 shares of the basic materials company’s stock valued at $586,000 after buying an additional 1,396 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Trading Down 0.3 %

VALE opened at $11.45 on Friday. Vale S.A. has a 1-year low of $9.66 and a 1-year high of $16.08. The stock has a market capitalization of $51.33 billion, a PE ratio of 6.33, a PEG ratio of 3.52 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $10.60 and a two-hundred day moving average price of $11.42.

Vale (NYSE:VALE) last released its earnings results on Thursday, July 25th. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. Vale had a return on equity of 22.23% and a net margin of 23.07%. The company had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.97 billion. As a group, equities analysts anticipate that Vale S.A. will post 2.14 earnings per share for the current fiscal year.

Vale Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 5th were issued a dividend of $0.3698 per share. This represents a yield of 12.1%. The ex-dividend date was Monday, August 5th. This is a positive change from Vale’s previous semi-annual dividend of $0.32. Vale’s payout ratio is currently 64.09%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, July 5th. Wolfe Research cut Vale from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 17th. Morgan Stanley reduced their price objective on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research report on Thursday, September 19th. BNP Paribas upgraded Vale from an “underperform” rating to a “neutral” rating in a research report on Friday, June 21st. Finally, JPMorgan Chase & Co. cut their target price on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research note on Monday, September 23rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Vale has a consensus rating of “Moderate Buy” and a consensus target price of $16.17.

Vale 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.