Vale S.A. $VALE Shares Bought by Tidal Investments LLC

Tidal Investments LLC boosted its position in shares of Vale S.A. (NYSE:VALE) by 15.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,725 shares of the basic materials company’s stock after buying an additional 55,569 shares during the period. Tidal Investments LLC’s holdings in Vale were worth $6,373,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its holdings in Vale by 128.3% in 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 during the period. Bruce G. Allen Investments LLC purchased a new stake in Vale during the 4th quarter worth about $33,000. Triumph Capital Management acquired a new stake in Vale in the 3rd quarter valued at about $34,000. EFG International AG acquired a new stake in Vale in the 4th quarter valued at about $52,000. Finally, Ramsey Quantitative Systems purchased a new position in shares of Vale in the 2nd quarter valued at about $56,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Down 0.2%

VALE opened at $15.21 on Monday. Vale S.A. has a one year low of $10.58 and a one year high of $17.94. The company has a market cap of $69.02 billion, a P/E ratio of 31.03 and a beta of 0.49. 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 business’s 50-day simple moving average is $14.71 and its 200-day simple moving average is $15.57.

Vale (NYSE:VALE) last issued 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). The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.47 billion. Vale had a return on equity of 19.87% and a net margin of 5.11%. As a group, equities research analysts expect that Vale S.A. will post 1.9 EPS for the current fiscal year.

Vale Dividend Announcement

The business also recently declared a special dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th were paid a $0.3088 dividend. The ex-dividend date was Thursday, August 13th. Vale’s dividend payout ratio is currently 89.80%.

Analyst Upgrades and Downgrades

VALE has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research upgraded shares of Vale from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a report on Wednesday, July 8th. UBS Group reiterated a “neutral” rating and set a $16.50 price target on shares of Vale in a report on Tuesday, August 11th. Finally, Bank of America reissued a “neutral” rating and issued a $16.00 price objective (down from $18.00) on shares of Vale in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.04.

Vale Profile

Vale SA is a Brazilian mining and logistics company headquartered in Rio de Janeiro. Its principal business is the production of iron ore and iron ore pellets, which are supplied to steelmakers around the world. The company also produces nickel, copper, manganese, coal and other mineral products.

Vale operates mining, processing, transportation and logistics infrastructure, including railways, ports and maritime terminals. Its operations and projects span Brazil and other jurisdictions, including Canada and Indonesia, enabling the company to serve customers in international markets.

The company was established in 1942 as Companhia Vale do Rio Doce and was privatized in 1997.