Robeco Institutional Asset Management B.V. Sells 3,147,129 Shares of Vale S.A. $VALE

Key Points

• Robeco Institutional Asset Management reduced its Vale stake by 10.4%, selling 3.15 million shares and retaining 27.07 million shares worth approximately $363 million.
• Analyst sentiment remains broadly neutral: Vale has an average “Hold” rating and an average price target of $15.75, with ratings spanning Buy, Hold, and Sell.
• Vale reported quarterly EPS of $0.36, missing the $0.46 consensus estimate, while revenue of $10.24 billion also fell short of expectations. The company paid a special dividend of $0.3088 per share.

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,069,145 shares of the basic materials company's stock after selling 3,147,129 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.60% of Vale worth $362,997,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VALE. Ramsey Quantitative Systems purchased a new stake in Vale during the 2nd quarter valued at $56,000. V Square Quantitative Management LLC bought a new position in shares of Vale in the 1st quarter worth approximately $83,000. Quartz Partners LLC bought a new position in shares of Vale in the 1st quarter worth approximately $161,000. Keybank National Association OH bought a new position in shares of Vale in the 1st quarter worth approximately $162,000. Finally, HB Wealth Management LLC purchased a new position in shares of Vale in the first quarter worth approximately $168,000. Institutional investors own 21.85% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VALE shares. Royal Bank Of Canada lifted their price target on shares of Vale from $15.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Wednesday, September 16th. Zacks Research upgraded Vale from a "strong sell" rating to a "hold" rating in a research note on Monday, September 7th. Wells Fargo & Company reduced their price objective on Vale from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, July 9th. Freedom Broker cut Vale from a "hold" rating to a "strong sell" rating in a report on Thursday, September 3rd. Finally, Morgan Stanley set a $15.50 target price on Vale in a report on Wednesday, October 7th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Vale currently has an average rating of "Hold" and an average target price of $15.75.

Vale Stock Down 0.8%

Vale stock opened at $13.01 on Wednesday. The company has a market capitalization of $59.03 billion, a P/E ratio of 26.54 and a beta of 0.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.19. Vale S.A. has a fifty-two week low of $11.23 and a fifty-two week high of $17.94. The stock has a 50-day simple moving average of $14.22 and a 200-day simple moving average of $15.22.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.10). The firm had revenue of $10.24 billion for 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%. Equities research analysts expect that Vale S.A. will post 1.70 earnings per share for the current year.

Vale Announces Dividend

The firm also recently announced a special dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th were paid 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%.

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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