Robeco Institutional Asset Management B.V. Has $117.01 Million Position in Vale S.A. $VALE

Key Points

• Robeco Institutional Asset Management B.V. increased its holdings in Vale S.A. by 24.8%, owning approximately 12 million shares valued at over $117 million by the end of the second quarter.
• Vale reported earnings of $0.50 per share, exceeding analysts' expectations of $0.34, but fell short on revenue with $8.80 billion against a forecast of $9.54 billion.
• The company recently declared a semi-annual dividend of $0.3417 per share, with a significant yield of 740.0%, albeit at a payout ratio of 59.35%.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 24.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,050,646 shares of the basic materials company's stock after buying an additional 2,393,157 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.27% of Vale worth $117,012,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VALE. GQG Partners LLC acquired a new stake in shares of Vale in the first quarter valued at about $371,778,000. Orbis Allan Gray Ltd grew its stake in Vale by 165.9% in the first quarter. Orbis Allan Gray Ltd now owns 31,257,989 shares of the basic materials company's stock valued at $311,955,000 after purchasing an additional 19,500,437 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Vale by 38.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,932,405 shares of the basic materials company's stock worth $159,005,000 after purchasing an additional 4,389,959 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Vale by 15.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,523,471 shares of the basic materials company's stock worth $115,004,000 after purchasing an additional 1,557,799 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Vale by 15.2% during the 1st quarter. Northern Trust Corp now owns 4,628,829 shares of the basic materials company's stock worth $46,196,000 after purchasing an additional 610,457 shares in the last quarter. Institutional investors own 21.85% of the company's stock.

Vale Stock Performance

Shares of VALE stock opened at $11.02 on Friday. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $11.68. The company has a market capitalization of $50.00 billion, a price-to-earnings ratio of 8.96 and a beta of 0.80. The company has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $9.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.22.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.16. Vale had a net margin of 14.23% and a return on equity of 18.14%. The firm had revenue of $8.80 billion during the quarter, compared to the consensus estimate of $9.54 billion. On average, sell-side analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 13th were issued a dividend of $0.3417 per share. This represents a yield of 740.0%. The ex-dividend date of this dividend was Wednesday, August 13th. Vale's dividend payout ratio (DPR) is presently 59.35%.

Analyst Ratings Changes

Several research firms recently weighed in on VALE. Clarkson Capital began coverage on shares of Vale in a research note on Wednesday, September 3rd. They issued a "buy" rating and a $12.00 target price for the company. Zacks Research cut shares of Vale from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 9th. JPMorgan Chase & Co. decreased their price objective on shares of Vale from $15.00 to $13.50 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Scotiabank upgraded shares of Vale from a "sector perform" rating to a "sector outperform" rating and set a $14.00 price objective on the stock in a research note on Thursday, September 18th. Finally, Barclays upped their target price on shares of Vale from $13.50 to $13.70 and gave the company an "overweight" rating in a report on Thursday, September 18th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.93.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.

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