Aberdeen Group plc Has $35.73 Million Stock Position in Vale S.A. $VALE

Aberdeen Group plc decreased its stake in shares of Vale S.A. (NYSE:VALE) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,674,261 shares of the basic materials company’s stock after selling 87,300 shares during the quarter. Aberdeen Group plc’s holdings in Vale were worth $35,732,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Thompson Investment Management Inc. acquired a new position in shares of Vale during the 2nd quarter worth approximately $46,000. Verde Servicos Internacionais S.A. increased its position in shares of Vale by 389.4% during the 2nd quarter. Verde Servicos Internacionais S.A. now owns 249,600 shares of the basic materials company’s stock worth $2,424,000 after purchasing an additional 198,600 shares during the last quarter. Callan Family Office LLC bought a new position in shares of Vale during the 2nd quarter worth approximately $357,000. Vontobel Holding Ltd. boosted its stake in shares of Vale by 59.5% during the 2nd quarter. Vontobel Holding Ltd. now owns 97,506 shares of the basic materials company’s stock worth $947,000 after acquiring an additional 36,372 shares during the period. Finally, Abel Hall LLC bought a new position in shares of Vale during the 2nd quarter worth approximately $311,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VALE. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vale in a research note on Wednesday, October 8th. UBS Group lifted their target price on Vale from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. reduced their target price on Vale from $15.00 to $13.50 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Barclays lifted their target price on Vale from $13.70 to $13.80 and gave the stock an “overweight” rating in a research note on Friday. Finally, Clarkson Capital began coverage on Vale in a research note on Wednesday, September 3rd. They set a “buy” rating and a $12.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vale currently has an average rating of “Hold” and an average price target of $11.96.

Vale Stock Performance

VALE opened at $10.76 on Monday. The business has a fifty day simple moving average of $10.46 and a 200 day simple moving average of $9.87. The company has a market capitalization of $48.84 billion, a PE ratio of 8.75 and a beta of 0.80. Vale S.A. has a 1 year low of $8.06 and a 1 year high of $11.33. 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 (NYSE:VALE) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.16. The business had revenue of $8.80 billion during the quarter, compared to the consensus estimate of $9.54 billion. Vale had a return on equity of 18.14% and a net margin of 14.23%. Research analysts expect that Vale S.A. will post 1.85 EPS for the current year.

Vale Cuts Dividend

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

Vale 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.