152,997 Vale S.A. $VALE Shares Sold by Kapitalo Investimentos Ltda

Key Points

• Kapitalo Investimentos reduced its Vale position by 20% in the third quarter, selling 152,997 shares and retaining 613,131 shares valued at approximately $8.22 million.
• Vale shares opened at $13.01, below their 50-day and 200-day moving averages, while institutional investors collectively own 21.85% of the company.
• Vale reported quarterly earnings of $0.36 per share, missing the $0.46 consensus estimate, but paid a special dividend of $0.3088 per share. Analysts maintain a consensus “Hold” rating with an average price target of $15.75.

Kapitalo Investimentos Ltda trimmed its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 20.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 613,131 shares of the basic materials company's stock after selling 152,997 shares during the period. Vale comprises 0.6% of Kapitalo Investimentos Ltda's portfolio, making the stock its 20th largest position. Kapitalo Investimentos Ltda's holdings in Vale were worth $8,222,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VALE. Ramsey Quantitative Systems bought a new stake in shares of Vale in the second quarter worth about $56,000. V Square Quantitative Management LLC purchased a new position in Vale during the 1st quarter valued at about $83,000. Quartz Partners LLC purchased a new position in Vale during the 1st quarter valued at about $161,000. Keybank National Association OH purchased a new position in Vale during the 1st quarter valued at about $162,000. Finally, HB Wealth Management LLC bought a new position in Vale during the 1st quarter valued at approximately $168,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Trading Down 0.8%

NYSE:VALE opened at $13.01 on Wednesday. The company has a 50-day moving average price of $14.22 and a 200-day moving average price of $15.22. Vale S.A. has a 12 month low of $11.23 and a 12 month high of $17.94. 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 stock has a market cap of $59.03 billion, a price-to-earnings ratio of 26.54 and a beta of 0.42.

Vale (NYSE:VALE - Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.10). Vale had a net margin of 5.11% and a return on equity of 19.87%. The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.47 billion. Equities analysts predict that Vale S.A. will post 1.70 EPS for the current year.

Vale Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, September 10th. Shareholders 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 payout ratio is presently 89.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VALE shares. Morgan Stanley set a $15.50 price objective on Vale in a report on Wednesday, October 7th. Sanford C. Bernstein lifted their price objective on Vale from $12.00 to $12.50 and gave the stock a "market perform" rating in a research report on Wednesday, September 9th. UBS Group reduced their target price on Vale from $16.50 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft set a $15.00 target price on Vale in a research note on Friday. Finally, Scotiabank upgraded Vale from a "sector perform" rating to a "sector outperform" rating and set a $16.00 target price for the company in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $15.75.

Vale Profile

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.

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