Mondrian Investment Partners LTD Sells 988,865 Shares of Vale S.A. $VALE

Mondrian Investment Partners LTD lessened its stake in Vale S.A. (NYSE:VALE) by 10.7% during the third quarter, Holdings Channel reports. The firm owned 8,263,228 shares of the basic materials company’s stock after selling 988,865 shares during the period. Vale makes up approximately 2.4% of Mondrian Investment Partners LTD’s portfolio, making the stock its 15th largest position. Mondrian Investment Partners LTD’s holdings in Vale were worth $110,810,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VALE. Ramsey Quantitative Systems raised its position in Vale by 35.1% in the 3rd quarter. Ramsey Quantitative Systems now owns 5,000 shares of the basic materials company’s stock valued at $67,000 after buying an additional 1,300 shares during the last quarter. Inspire Investing LLC lifted its stake in Vale by 19.8% during the 3rd quarter. Inspire Investing LLC now owns 7,141 shares of the basic materials company’s stock valued at $96,000 after acquiring an additional 1,179 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Vale by 1.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 160,936 shares of the basic materials company’s stock valued at $2,158,000 after acquiring an additional 2,247 shares in the last quarter. Focused Alpha LLC boosted its holdings in Vale by 5.2% during the 3rd quarter. Focused Alpha LLC now owns 26,069 shares of the basic materials company’s stock worth $350,000 after acquiring an additional 1,278 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in Vale by 112.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 175,479 shares of the basic materials company’s stock worth $2,353,000 after acquiring an additional 92,970 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

Shares of VALE opened at $12.38 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. The company has a market capitalization of $56.22 billion, a price-to-earnings ratio of 25.28 and a beta of 0.42. The stock has a 50 day moving average of $14.13 and a 200 day moving average of $15.14. Vale S.A. has a 12 month low of $11.40 and a 12 month high of $17.94.

Vale (NYSE:VALE) last issued its quarterly 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). Vale had a return on equity of 19.87% and a net margin of 5.11%. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.47 billion. As a group, sell-side analysts forecast that Vale S.A. will post 1.65 earnings per share for the current year.

Vale Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays reduced their target price on shares of Vale from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Bank of America reissued a “neutral” rating and set a $16.00 price target (down from $18.00) on shares of Vale in a research report on Wednesday, August 5th. Scotiabank raised shares of Vale from a “sector perform” rating to a “sector outperform” rating and set a $16.00 price target on the stock in a research report on Monday, October 19th. Sanford C. Bernstein boosted their price target on shares of Vale from $12.00 to $12.50 and gave the stock a “market perform” rating in a report on Wednesday, September 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vale in a research report on Friday, October 2nd. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Vale has a consensus rating of “Hold” and a consensus price target of $15.71.

About Vale

Vale SA is a Brazil-based global mining and logistics company best known for producing iron ore and iron ore pellets, key raw materials used in steelmaking. The company also produces nickel, copper, manganese ore, coal and other mineral products, with operations spanning exploration, extraction, processing and transportation.

Vale operates an extensive logistics network that includes railways, ports and maritime transportation systems, primarily supporting the movement of minerals from its production sites to domestic and international customers.