Vale S.A. $VALE Holdings Decreased by RWC Asset Management LLP

Key Points

• RWC Asset Management cut its Vale stake by 28.9% in the third quarter, selling 434,313 shares and retaining 1.07 million shares valued at approximately $14.3 million.
• Vale shares traded at $12.38, near the lower end of their one-year range, while the company’s latest quarterly results missed analyst expectations for both earnings and revenue.
• Analysts hold a consensus “Hold” rating with an average price target of $15.71; Vale also recently paid a $0.3088 special dividend, with an 89.8% payout ratio.

RWC Asset Management LLP lowered its stake in Vale S.A. (NYSE:VALE - Free Report) by 28.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,066,059 shares of the basic materials company's stock after selling 434,313 shares during the quarter. RWC Asset Management LLP's holdings in Vale were worth $14,296,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VALE. Ramsey Quantitative Systems raised its stake in shares of Vale by 35.1% during the 3rd quarter. Ramsey Quantitative Systems now owns 5,000 shares of the basic materials company's stock worth $67,000 after purchasing an additional 1,300 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Vale by 19.8% in the 3rd quarter. Inspire Investing LLC now owns 7,141 shares of the basic materials company's stock valued at $96,000 after buying an additional 1,179 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Vale by 1.4% in the third quarter. Crossmark Global Holdings Inc. now owns 160,936 shares of the basic materials company's stock valued at $2,158,000 after buying an additional 2,247 shares in the last quarter. Focused Alpha LLC grew its stake in shares of Vale by 5.2% in the third quarter. Focused Alpha LLC now owns 26,069 shares of the basic materials company's stock valued at $350,000 after buying an additional 1,278 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of Vale by 112.7% in the third quarter. Vontobel Holding Ltd. now owns 175,479 shares of the basic materials company's stock valued at $2,353,000 after buying an additional 92,970 shares in the last quarter. Institutional investors own 21.85% of the company's stock.

Vale Stock Performance

VALE stock traded up $0.18 during midday trading on Friday, reaching $12.38. 25,696,226 shares of the company were exchanged, compared to its average volume of 34,516,964. Vale S.A. has a one year low of $11.40 and a one year high of $17.94. The firm has a market capitalization of $56.22 billion, a price-to-earnings ratio of 25.28 and a beta of 0.42. The business has a 50-day moving average price of $14.13 and a two-hundred day moving average price of $15.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate 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 net margin of 5.11% and a return on equity of 19.87%. Equities research analysts forecast that Vale S.A. will post 1.65 EPS for the current year.

Vale Dividend Announcement

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

Analyst Upgrades and Downgrades

VALE has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of Vale from $15.00 to $14.50 and set a "neutral" rating on the stock in a report on Wednesday. Royal Bank Of Canada increased their price target on shares of Vale from $15.00 to $16.00 and gave the company a "sector perform" rating in a research note on Wednesday, September 16th. Wells Fargo & Company decreased their price objective on shares of Vale from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $15.00 price objective on shares of Vale in a research note on Friday, October 16th. Finally, Morgan Stanley set a $15.50 target price on shares of Vale in a report on Wednesday, October 7th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.71.

Vale Company 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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