Kawa Capital Management Inc Raises Stock Position in Vale S.A. $VALE

Key Points

• Kawa Capital Management Inc increased its stake in Vale S.A. by 13.3% in Q2, making it the firm's 4th largest holding and worth approximately $6.6 million.
• Several hedge funds have recently adjusted their positions, with GQG Partners LLC acquiring a new stake valued at about $371 million in Vale.
• Wall Street analysts have mixed ratings on Vale, with 7 analysts giving it a "Buy" rating, while Zacks Research downgraded it to "strong sell," highlighting differing market views on its performance.

Kawa Capital Management Inc raised its holdings in Vale S.A. (NYSE:VALE - Free Report) by 13.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 680,000 shares of the basic materials company's stock after buying an additional 80,000 shares during the period. Vale accounts for about 13.3% of Kawa Capital Management Inc's portfolio, making the stock its 4th largest holding. Kawa Capital Management Inc's holdings in Vale were worth $6,603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MAI Capital Management increased its stake in shares of Vale by 5.1% during the 1st quarter. MAI Capital Management now owns 23,597 shares of the basic materials company's stock worth $235,000 after purchasing an additional 1,155 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Vale by 5.1% during the 1st quarter. Blue Trust Inc. now owns 25,876 shares of the basic materials company's stock worth $258,000 after purchasing an additional 1,248 shares during the last quarter. Snowden Capital Advisors LLC increased its stake in shares of Vale by 5.9% during the 4th quarter. Snowden Capital Advisors LLC now owns 24,181 shares of the basic materials company's stock worth $214,000 after purchasing an additional 1,349 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Vale by 10.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 17,278 shares of the basic materials company's stock worth $172,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in shares of Vale by 14.4% during the 1st quarter. Ameritas Advisory Services LLC now owns 13,951 shares of the basic materials company's stock worth $130,000 after purchasing an additional 1,757 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VALE shares. 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. Zacks Research lowered shares of Vale from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 9th. UBS Group restated a "neutral" rating and set a $10.00 price objective (up from $9.00) on shares of Vale in a research note on Monday, August 4th. Clarkson Capital started coverage on shares of Vale in a research note on Wednesday, September 3rd. They set a "buy" rating and a $12.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of Vale from $15.00 to $13.50 and set an "overweight" rating for the company in a report on Thursday, September 4th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Vale currently has a consensus rating of "Moderate Buy" and an average target price of $11.93.

Vale Trading Up 0.0%

Shares of NYSE:VALE traded up $0.00 during trading on Monday, reaching $10.86. The stock had a trading volume of 22,352,380 shares, compared to its average volume of 35,781,281. The firm's fifty day moving average is $10.15 and its 200 day moving average is $9.76. 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 S.A. has a 52 week low of $8.06 and a 52 week high of $12.05. The stock has a market cap of $49.30 billion, a price-to-earnings ratio of 8.83 and a beta of 0.79.

Vale (NYSE:VALE - Get Free Report) last issued its earnings results 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. The business had revenue of $8.80 billion for the quarter, compared to analyst estimates of $9.54 billion. Vale had a net margin of 14.23% and a return on equity of 18.14%. As a group, equities analysts forecast that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Cuts Dividend

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

Vale Company Profile

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.