RWC Asset Advisors US LLC cut its stake in shares of Vale S.A. (NYSE:VALE – Free Report) by 35.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,116,288 shares of the basic materials company’s stock after selling 1,708,613 shares during the quarter. Vale makes up approximately 10.4% of RWC Asset Advisors US LLC’s holdings, making the stock its 5th biggest position. RWC Asset Advisors US LLC owned about 0.07% of Vale worth $46,869,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its holdings in Vale by 128.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 1,155 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Vale in the fourth quarter worth $33,000. Triumph Capital Management purchased a new stake in shares of Vale in the third quarter worth $34,000. EFG International AG bought a new stake in shares of Vale during the 4th quarter valued at $52,000. Finally, Ramsey Quantitative Systems bought a new stake in shares of Vale during the 2nd quarter valued at $56,000. 21.85% of the stock is owned by hedge funds and other institutional investors.
Vale Stock Up 0.1%
NYSE VALE opened at $15.28 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.19. 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 one year low of $10.33 and a one year high of $17.94. The stock has a 50 day moving average price of $14.68 and a 200-day moving average price of $15.60.
Vale Announces Dividend
The firm also recently disclosed a special dividend, which will be paid on Thursday, September 10th. Shareholders 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 (DPR) is presently 89.80%.
Analyst Ratings Changes
VALE has been the topic of a number of analyst reports. Wall Street Zen cut shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Scotiabank lowered their price target on Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 price target on shares of Vale in a research note on Friday, May 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $16.50 price objective (down from $19.50) on shares of Vale in a report on Wednesday, July 8th. Finally, Zacks Research downgraded shares of Vale from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Vale currently has an average rating of “Hold” and an average target price of $16.33.
Get Our Latest Research Report on VALE
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.
Further Reading
- Five stocks we like better than Vale
- 3 Under-the-Radar Defense Stocks With Record Backlogs
- This Korea ETF Has Soared, But the Rally May Not Be Over
- Why Guidewire’s Post-Earnings Plunge May Not Last
- Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
Receive News & Ratings for Vale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vale and related companies with MarketBeat.com's FREE daily email newsletter.
