Amundi Acquires 482,313 Shares of Vale S.A. $VALE

Amundi increased its holdings in Vale S.A. (NYSE:VALE - Free Report) by 27.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,243,230 shares of the basic materials company's stock after acquiring an additional 482,313 shares during the quarter. Amundi's holdings in Vale were worth $33,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. HighTower Advisors LLC boosted its stake in Vale by 9.5% during the second quarter. HighTower Advisors LLC now owns 397,562 shares of the basic materials company's stock worth $5,979,000 after acquiring an additional 34,600 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Vale by 12.9% during the second quarter. HB Wealth Management LLC now owns 11,907 shares of the basic materials company's stock valued at $179,000 after purchasing an additional 1,361 shares in the last quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. bought a new position in shares of Vale during the second quarter valued at approximately $779,000. Nykredit A S purchased a new position in shares of Vale during the second quarter valued at approximately $3,162,000. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of Vale by 9.8% during the second quarter. Rehmann Capital Advisory Group now owns 18,025 shares of the basic materials company's stock valued at $271,000 after purchasing an additional 1,610 shares during the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on VALE shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $18.00 target price on shares of Vale in a report on Friday, May 15th. Sanford C. Bernstein lifted their price target on Vale from $12.00 to $12.50 and gave the stock a "market perform" rating in a research report on Wednesday. The Goldman Sachs Group cut shares of Vale from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $18.00 to $16.00 in a research note on Monday, July 27th. Freedom Broker downgraded shares of Vale from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 3rd. Finally, Wall Street Zen lowered shares of Vale from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $16.04.

Vale Price Performance

Shares of NYSE:VALE opened at $15.28 on Friday. 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 firm has a market cap of $69.33 billion, a price-to-earnings ratio of 31.17 and a beta of 0.49. The business has a 50-day simple moving average of $14.71 and a two-hundred day simple moving average of $15.58. Vale S.A. has a fifty-two week low of $10.44 and a fifty-two week high of $17.94.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.10). The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.47 billion. Vale had a return on equity of 19.87% and a net margin of 5.11%. On average, analysts expect that Vale S.A. will post 1.9 earnings per share for the current year.

Vale Announces Dividend

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

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.

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