Vale S.A. $VALE Shares Newly Acquired by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. bought a new stake in Vale S.A. (NYSE:VALE) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 221,748 shares of the basic materials company’s stock, valued at approximately $2,983,000.

Several other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Vale by 445.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 115,656 shares of the basic materials company’s stock valued at $1,739,000 after buying an additional 94,466 shares during the last quarter. Nykredit A S bought a new position in Vale in the second quarter valued at approximately $3,162,000. Corient Private Wealth LP acquired a new stake in shares of Vale in the 2nd quarter valued at approximately $1,138,000. Amundi grew its stake in shares of Vale by 27.4% in the second quarter. Amundi now owns 2,243,230 shares of the basic materials company’s stock valued at $33,738,000 after buying an additional 482,313 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in Vale by 116.2% during the second quarter. Bank of Nova Scotia now owns 231,527 shares of the basic materials company’s stock worth $3,482,000 after buying an additional 124,460 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Price Performance

NYSE:VALE opened at $13.21 on Thursday. The firm’s fifty day moving average price is $14.35 and its two-hundred day moving average price is $15.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77. The company has a market cap of $59.95 billion, a P/E ratio of 26.96 and a beta of 0.42. Vale S.A. has a one year low of $11.00 and a one year high of $17.94.

Vale (NYSE:VALE) last announced its earnings results on Thursday, July 30th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.10). Vale had a return on equity of 19.87% and a net margin of 5.11%. The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.47 billion. Equities analysts expect that Vale S.A. will post 1.82 earnings per share for the current year.

Vale Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th were given a dividend of $0.3088 per share. The ex-dividend date was Thursday, August 13th. Vale’s dividend payout ratio (DPR) is 89.80%.

Analysts Set New Price Targets

A number of analysts have commented on VALE shares. Bank of America reiterated a “neutral” rating and issued a $16.00 price target (down from $18.00) on shares of Vale in a research note on Wednesday, August 5th. Barclays decreased their price objective on shares of Vale from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday. UBS Group lowered their price objective on shares of Vale from $16.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 29th. Morgan Stanley set a $15.50 target price on shares of Vale in a report on Wednesday, October 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.81.

About Vale

Vale SA is a Brazil-based global mining company and one of the world’s major producers of iron ore and iron ore pellets, which are used primarily in steelmaking. The company also produces nickel, copper, manganese, coal and other mineral products, serving customers in the steel, energy and technology industries.

Founded in 1942 as Companhia Vale do Rio Doce, the company was privatized in 1997 and adopted the Vale name in 2007. Its operations are concentrated in Brazil, particularly in the states of Pará and Minas Gerais, while its base-metals business has mining and processing activities in countries including Canada and Indonesia.

Vale also operates an integrated logistics system that includes railways, ports and maritime transportation infrastructure used to move its products from mining regions to domestic and international markets.