Verde Servicos Internacionais S.A. Acquires 198,600 Shares of Vale S.A. $VALE

Key Points

• Verde Servicos Internacionais S.A. increased its stake in Vale S.A. by 389.4% during the second quarter, acquiring an additional 198,600 shares, bringing its total ownership to 249,600 shares.
• Analysts have mixed reviews on Vale, with Zacks Research downgrading the stock from a "hold" to a "strong sell" rating, while some analysts, including Clarkson Capital, have given it a "buy" rating with a $12.00 price objective.
• Vale recently declared a semi-annual dividend of $0.3417 per share, representing a yield of 740.0%, despite a reported decrease in overall revenue compared to estimates.

Verde Servicos Internacionais S.A. increased its stake in Vale S.A. (NYSE:VALE - Free Report) by 389.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,600 shares of the basic materials company's stock after purchasing an additional 198,600 shares during the period. Vale makes up approximately 1.1% of Verde Servicos Internacionais S.A.'s portfolio, making the stock its 19th biggest holding. Verde Servicos Internacionais S.A.'s holdings in Vale were worth $2,424,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Transatlantique SA bought a new position in shares of Vale in the 1st quarter worth $30,000. GAMMA Investing LLC grew its position in Vale by 98.4% in the second quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company's stock worth $40,000 after acquiring an additional 2,021 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Vale in the first quarter worth $41,000. Golden State Wealth Management LLC increased its stake in Vale by 193.0% in the first quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 2,713 shares during the last quarter. Finally, Westend Capital Management LLC purchased a new stake in Vale during the second quarter valued at about $48,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VALE has been the subject of a number of research reports. Zacks Research cut Vale from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. Weiss Ratings restated a "sell (d+)" rating on shares of Vale in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Vale from $15.00 to $13.50 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. Morgan Stanley set a $11.50 price target on shares of Vale in a research note on Wednesday. Finally, Clarkson Capital began coverage on shares of Vale in a report on Wednesday, September 3rd. They issued a "buy" rating and a $12.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $11.95.

Vale Price Performance

Shares of Vale stock opened at $11.03 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.85. Vale S.A. has a one year low of $8.06 and a one year high of $11.33. The business's 50 day simple moving average is $10.44 and its two-hundred day simple moving average is $9.87. The stock has a market capitalization of $50.07 billion, a P/E ratio of 8.97 and a beta of 0.80.

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

Vale Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 13th were issued a $0.3417 dividend. 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 59.35%.

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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