Atria Wealth Solutions Inc. Has $237,000 Stock Position in Vale S.A. (NYSE:VALE)

Atria Wealth Solutions Inc. increased its position in shares of Vale S.A. (NYSE:VALE) by 92.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,689 shares of the basic materials company’s stock after buying an additional 12,801 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Vale were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group raised its stake in shares of Vale by 215.9% in the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 1,900 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vale in the third quarter worth approximately $28,000. Cornerstone Planning Group LLC raised its stake in shares of Vale by 3,092.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 3,092 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Vale in the fourth quarter worth approximately $30,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Vale in the third quarter worth approximately $36,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VALE. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and reduced their target price for the company from $14.00 to $11.50 in a report on Monday, November 11th. StockNews.com lowered Vale from a “buy” rating to a “hold” rating in a report on Friday. Finally, Barclays reduced their target price on Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.26.

Vale Price Performance

Shares of NYSE VALE opened at $9.43 on Friday. The stock has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $9.97. Vale S.A. has a 1-year low of $8.38 and a 1-year high of $13.68. The firm has a market cap of $42.78 billion, a price-to-earnings ratio of 6.55, a price-to-earnings-growth ratio of 0.31 and a beta of 0.91. 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 (NYSE:VALE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36). Vale had a net margin of 16.15% and a return on equity of 17.38%. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.03 billion. Analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.3758 per share. This represents a yield of 7.5%. This is a positive change from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date is Monday, March 10th. Vale’s dividend payout ratio is 88.89%.

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.