Nykredit A S Takes $3.16 Million Position in Vale S.A. $VALE

Nykredit A S purchased a new position in shares of Vale S.A. (NYSE:VALE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 210,268 shares of the basic materials company’s stock, valued at approximately $3,162,000.

Several other large investors have also recently added to or reduced their stakes in the company. Capital World Investors lifted its position in Vale by 58.2% in the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock valued at $1,163,896,000 after purchasing an additional 32,864,929 shares during the period. GQG Partners LLC raised its stake in shares of Vale by 42.4% during the 4th quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock worth $848,677,000 after buying an additional 19,397,396 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vale by 15.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 47,947,703 shares of the basic materials company’s stock valued at $762,848,000 after buying an additional 6,351,703 shares during the period. Invesco Ltd. lifted its holdings in shares of Vale by 16.7% in the 3rd quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock valued at $314,526,000 after buying an additional 4,151,563 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of Vale by 5.4% in the first quarter. Lazard Asset Management LLC now owns 23,685,915 shares of the basic materials company’s stock valued at $376,843,000 after buying an additional 1,205,280 shares in the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VALE shares. UBS Group reaffirmed a “neutral” rating and set a $16.50 price objective on shares of Vale in a report on Tuesday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Vale in a report on Wednesday, July 8th. Scotiabank decreased their target price on shares of Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Monday, July 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. Finally, Bank of America reiterated a “neutral” rating and issued a $16.00 price target (down from $18.00) on shares of Vale in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.33.

Vale Stock Performance

NYSE VALE opened at $15.28 on Monday. The business has a 50 day moving average price of $14.67 and a 200 day moving average price of $15.60. The company has a market capitalization of $69.36 billion, a P/E ratio of 31.18 and a beta of 0.49. Vale S.A. has a 1-year low of $10.33 and a 1-year high of $17.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77.

Vale (NYSE:VALE) last posted its earnings results on Thursday, July 30th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.47 billion. Vale had a return on equity of 19.87% and a net margin of 5.11%. Sell-side analysts expect that Vale S.A. will post 1.9 EPS for the current fiscal year.

Vale Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be given a $0.3088 dividend. The ex-dividend date is Thursday, August 13th. Vale’s payout ratio is currently 89.80%.

Vale Profile

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.