Janus Henderson Group PLC Grows Stock Holdings in Vale S.A. $VALE

Janus Henderson Group PLC raised its holdings in shares of Vale S.A. (NYSE:VALE) by 58.1% during the first quarter, HoldingsChannel reports. The fund owned 1,763,906 shares of the basic materials company’s stock after purchasing an additional 648,407 shares during the quarter. Janus Henderson Group PLC’s holdings in Vale were worth $28,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VALE. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Vale by 2,239.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock worth $541,996,000 after acquiring an additional 39,818,066 shares during the period. Capital World Investors lifted its holdings in Vale by 58.2% during the 4th quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock worth $1,163,896,000 after purchasing an additional 32,864,929 shares in the last quarter. GQG Partners LLC lifted its holdings in 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 purchasing an additional 19,397,396 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Vale by 15,202.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 15,663,641 shares of the basic materials company’s stock worth $249,209,000 after purchasing an additional 15,561,279 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Vale by 77.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock worth $271,145,000 after purchasing an additional 9,103,727 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Vale stock opened at $15.03 on Monday. The stock has a market cap of $68.22 billion, a price-to-earnings ratio of 30.67 and a beta of 0.47. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $15.19 and a 200 day simple moving average of $15.84. Vale S.A. has a 52 week low of $9.36 and a 52 week high of $17.94.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.10). The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.47 billion. Vale had a net margin of 5.11% and a return on equity of 19.99%. On average, research analysts forecast that Vale S.A. will post 1.92 earnings per share for the current fiscal year.

Vale Announces Dividend

The business 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 dividend payout ratio is 134.69%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Scotiabank reduced their target price on Vale from $19.00 to $16.00 and set a “sector perform” rating for the company in a report on Monday, July 20th. Wells Fargo & Company lowered their price target on shares of Vale from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 price objective on shares of Vale in a research report on Friday, May 15th. JPMorgan Chase & Co. upped their target price on shares of Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vale in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.15.

Vale Company 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.