Jupiter Topco LLC Invests $25.86 Million in Vale S.A. $VALE

Jupiter Topco LLC purchased a new position in shares of Vale S.A. (NYSE:VALE) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 1,719,238 shares of the basic materials company’s stock, valued at approximately $25,862,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VALE. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its holdings in Vale by 128.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock worth $27,000 after buying an additional 1,155 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Vale during the fourth quarter valued at approximately $33,000. Triumph Capital Management purchased a new position in shares of Vale in the third quarter valued at approximately $34,000. Cornerstone Planning Group LLC lifted its position in shares of Vale by 15,360.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 3,072 shares in the last quarter. Finally, EFG International AG acquired a new stake in shares of Vale in the fourth quarter worth approximately $52,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VALE has been the subject of several research reports. Scotiabank dropped their price target on Vale from $19.00 to $16.00 and set a “sector perform” rating for the company in a research report on Monday, July 20th. Bank of America restated a “neutral” rating and issued a $16.00 price objective (down from $18.00) on shares of Vale in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 target price on shares of Vale in a research note on Friday, May 15th. Barclays upped their target price on shares of Vale from $16.75 to $17.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group cut shares of Vale from a “buy” rating to a “neutral” rating and reduced their target price for the company from $18.00 to $16.00 in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Vale Trading Down 1.8%

Shares of VALE stock opened at $15.04 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45. Vale S.A. has a twelve month low of $10.08 and a twelve month high of $17.94. The company’s 50-day moving average price is $14.66 and its 200-day moving average price is $15.66. The stock has a market cap of $68.27 billion, a price-to-earnings ratio of 30.69 and a beta of 0.47.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.36 earnings per share (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 firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.47 billion. As a group, equities analysts predict that Vale S.A. will post 1.9 earnings per share for the current year.

Vale Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th will be paid a $0.3088 dividend. The ex-dividend date of this dividend is Thursday, August 13th. Vale’s dividend payout ratio is 89.80%.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.