Jupiter Topco LLC Invests $25.86 Million in Vale S.A. $VALE

Key Points

• Jupiter Topco LLC acquired 1.72 million Vale shares worth approximately $25.86 million in the second quarter, while institutional investors and hedge funds collectively own 21.85% of the company.
• Analysts remain cautious, with Vale holding a consensus “Hold” rating and an average price target of $16.00 after several firms recently lowered their targets.
• Vale missed quarterly expectations, reporting $0.36 in adjusted earnings per share versus the $0.46 consensus and revenue of $10.24 billion versus $10.47 billion expected. The company also announced a special dividend of $0.3088 per share, payable September 10.

Jupiter Topco LLC bought a new stake in shares of Vale S.A. (NYSE:VALE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,719,238 shares of the basic materials company's stock, valued at approximately $25,862,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in shares of Vale by 58.2% during the 4th quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company's stock valued at $1,163,896,000 after buying an additional 32,864,929 shares during the last quarter. GQG Partners LLC boosted its stake in shares of Vale by 42.4% in the fourth quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company's stock worth $848,677,000 after buying an additional 19,397,396 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vale by 15.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 47,947,703 shares of the basic materials company's stock worth $762,848,000 after buying an additional 6,351,703 shares during the last quarter. Invesco Ltd. grew its holdings in Vale by 16.7% during the third quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company's stock worth $314,526,000 after acquiring an additional 4,151,563 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in Vale by 5.4% during the first quarter. Lazard Asset Management LLC now owns 23,685,915 shares of the basic materials company's stock worth $376,843,000 after acquiring an additional 1,205,280 shares during the period. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VALE has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on Vale from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, July 9th. Bank of America reaffirmed a "neutral" rating and set a $16.00 price objective (down from $18.00) on shares of Vale in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $18.00 target price on shares of Vale in a report on Friday, May 15th. Scotiabank decreased their target price on shares of Vale from $19.00 to $16.00 and set a "sector perform" rating for the company in a research note on Monday, July 20th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $16.50 price target (down from $19.50) on shares of Vale in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.00.

Vale Stock Performance

NYSE VALE opened at $15.04 on Friday. The stock has a market capitalization of $68.27 billion, a price-to-earnings ratio of 30.69 and a beta of 0.47. The stock has a 50-day moving average of $14.66 and a 200 day moving average of $15.66. 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 S.A. has a twelve month low of $10.08 and a twelve month high of $17.94.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.36 EPS 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 analyst estimates of $10.47 billion. Vale had a net margin of 5.11% and a return on equity of 19.87%. Sell-side analysts anticipate that Vale S.A. will post 1.9 EPS for the current fiscal year.

Vale Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.3088 per share. The ex-dividend date is Thursday, August 13th. Vale's dividend payout ratio (DPR) is 89.80%.

Vale 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.

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