First Republic Investment Management Inc. Trims Stake in Vale S.A. (NYSE:VALE)

First Republic Investment Management Inc. lowered its stake in shares of Vale S.A. (NYSE:VALEGet Rating) by 71.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 60,141 shares of the basic materials company’s stock after selling 149,827 shares during the period. First Republic Investment Management Inc.’s holdings in Vale were worth $843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. D Orazio & Associates Inc. purchased a new stake in Vale in the third quarter worth about $31,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Vale by 120.8% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 2,193 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 1,200 shares during the period. Spire Wealth Management grew its holdings in Vale by 40.7% in the fourth quarter. Spire Wealth Management now owns 3,798 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 1,098 shares during the period. Laffer Tengler Investments purchased a new stake in Vale in the third quarter worth about $70,000. Finally, Maverick Capital Ltd. purchased a new stake in Vale in the third quarter worth about $90,000. Institutional investors own 23.37% of the company’s stock.

VALE opened at $15.42 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45. Vale S.A. has a 1-year low of $11.16 and a 1-year high of $23.17. The company has a market capitalization of $77.09 billion, a PE ratio of 3.63, a PEG ratio of 0.92 and a beta of 0.96. The firm’s 50 day simple moving average is $18.36 and its two-hundred day simple moving average is $15.96.

Vale (NYSE:VALEGet Rating) last released its quarterly earnings results on Thursday, February 24th. The basic materials company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.57. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $12.98 billion. Vale had a net margin of 40.09% and a return on equity of 66.28%. Equities analysts forecast that Vale S.A. will post 4.31 earnings per share for the current fiscal year.

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 23rd. Stockholders of record on Thursday, March 10th were paid a $0.718 dividend. The ex-dividend date was Wednesday, March 9th. This is a boost from Vale’s previous semi-annual dividend of $0.68. This represents a dividend yield of 14.2%. Vale’s dividend payout ratio is 34.12%.

A number of equities research analysts have weighed in on VALE shares. Morgan Stanley cut shares of Vale from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, March 23rd. Zacks Investment Research upgraded shares of Vale from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, February 15th. BNP Paribas upgraded shares of Vale from a “neutral” rating to an “outperform” rating and set a $20.50 target price on the stock in a research note on Wednesday, February 9th. Royal Bank of Canada dropped their target price on shares of Vale from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Monday, April 25th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Vale from a “buy” rating to a “hold” rating and upped their target price for the stock from $20.00 to $22.00 in a research note on Tuesday, April 5th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.88.

About Vale (Get Rating)

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 Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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