Vale S.A. $VALE Holdings Reduced by Kiltearn Partners LLP

Kiltearn Partners LLP reduced its stake in shares of Vale S.A. (NYSE:VALE) by 5.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 909,672 shares of the basic materials company’s stock after selling 49,664 shares during the period. Vale makes up approximately 3.3% of Kiltearn Partners LLP’s portfolio, making the stock its 10th biggest holding. Kiltearn Partners LLP’s holdings in Vale were worth $13,681,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of VALE. PNC Financial Services Group Inc. lifted its holdings in shares of Vale by 2.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 28,913 shares of the basic materials company’s stock valued at $377,000 after buying an additional 632 shares during the period. Chesapeake Capital Corp IL grew its holdings in Vale by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 72,358 shares of the basic materials company’s stock worth $943,000 after acquiring an additional 646 shares during the period. NewEdge Wealth LLC raised its position in Vale by 2.8% during the first quarter. NewEdge Wealth LLC now owns 25,799 shares of the basic materials company’s stock valued at $410,000 after acquiring an additional 708 shares in the last quarter. Quadrant Capital Group LLC raised its position in Vale by 1.3% during the fourth quarter. Quadrant Capital Group LLC now owns 66,870 shares of the basic materials company’s stock valued at $871,000 after acquiring an additional 853 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Vale by 5.4% in the third quarter. Parallel Advisors LLC now owns 17,350 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 885 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Stock Up 2.5%

Shares of VALE opened at $14.58 on Friday. The firm has a market cap of $66.18 billion, a P/E ratio of 29.76 and a beta of 0.47. Vale S.A. has a 12 month low of $9.80 and a 12 month high of $17.94. The stock’s 50 day moving average is $14.71 and its two-hundred day moving average is $15.71. 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 (NYSE:VALE) last announced its 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). 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 analyst estimates of $10.47 billion. Analysts predict that Vale S.A. will post 1.9 earnings per share for the current fiscal year.

Vale Announces Dividend

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

Analysts Set New Price Targets

Several research firms have commented on VALE. Royal Bank Of Canada restated a “sector perform” rating on shares of Vale in a research report on Monday, June 15th. The Goldman Sachs Group lowered shares of Vale from a “buy” rating to a “neutral” rating and cut their target price for the company from $18.00 to $16.00 in a report on Monday, July 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Vale in a report on Wednesday, July 8th. Zacks Research lowered shares of Vale from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 price target on shares of Vale in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Vale has an average rating of “Hold” and an average price target of $16.00.

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.