Vontobel Holding Ltd. Acquires 92,970 Shares of Vale S.A. $VALE

Key Points

• Vontobel Holding more than doubled its Vale stake in the third quarter, acquiring 92,970 additional shares for a total of 175,479 shares valued at approximately $2.35 million.
• Vale shares opened at $13.05, below their 50-day and 200-day moving averages, while the stock’s 52-week range was $11.00 to $17.94. Institutional investors collectively own 21.85% of the company.
• Analysts maintain a broadly neutral outlook, with an average “Hold” rating and a $15.75 price target. Vale recently paid a $0.3088 special dividend, but its latest quarterly earnings and revenue fell short of consensus estimates.

Vontobel Holding Ltd. increased its stake in Vale S.A. (NYSE:VALE - Free Report) by 112.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,479 shares of the basic materials company's stock after acquiring an additional 92,970 shares during the period. Vontobel Holding Ltd.'s holdings in Vale were worth $2,353,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Walser Wealth Management Company A Ltd Liability Co lifted its holdings in Vale by 5.9% in the third quarter. Walser Wealth Management Company A Ltd Liability Co now owns 27,639 shares of the basic materials company's stock worth $371,000 after buying an additional 1,540 shares during the period. B.A. Schrock Wealth Management Inc. purchased a new position in shares of Vale in the 3rd quarter valued at approximately $2,983,000. Foster Group Inc. boosted its position in shares of Vale by 6.9% during the third quarter. Foster Group Inc. now owns 11,697 shares of the basic materials company's stock valued at $157,000 after purchasing an additional 758 shares in the last quarter. Moody National Bank Trust Division raised its holdings in Vale by 5.7% in the third quarter. Moody National Bank Trust Division now owns 19,659 shares of the basic materials company's stock worth $264,000 after purchasing an additional 1,058 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Vale by 12.1% during the 2nd quarter. QRG Capital Management Inc. now owns 106,359 shares of the basic materials company's stock valued at $1,600,000 after buying an additional 11,446 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company's stock.

Vale Price Performance

VALE stock opened at $13.05 on Monday. The company has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $15.26. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.45. Vale S.A. has a 52 week low of $11.00 and a 52 week high of $17.94. The firm has a market capitalization of $59.22 billion, a P/E ratio of 26.63 and a beta of 0.42.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.10). Vale had a net margin of 5.11% and a return on equity of 19.87%. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.47 billion. Analysts anticipate that Vale S.A. will post 1.70 earnings per share for the current fiscal year.

Vale Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Zacks Research raised Vale from a "strong sell" rating to a "hold" rating in a research report on Monday, September 7th. Sanford C. Bernstein upped their price objective on Vale from $12.00 to $12.50 and gave the company a "market perform" rating in a research report on Wednesday, September 9th. Royal Bank Of Canada boosted their price target on Vale from $15.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Wednesday, September 16th. Morgan Stanley set a $15.50 price objective on Vale in a report on Wednesday, October 7th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vale in a report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $15.75.

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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