Turim 21 Investimentos Ltda. Lowers Stock Position in Vale S.A. $VALE

Turim 21 Investimentos Ltda. decreased its holdings in Vale S.A. (NYSE:VALE) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,545,258 shares of the basic materials company’s stock after selling 133,618 shares during the quarter. Vale accounts for approximately 6.2% of Turim 21 Investimentos Ltda.’s holdings, making the stock its 5th biggest holding. Turim 21 Investimentos Ltda.’s holdings in Vale were worth $38,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VALE. Capital World Investors increased its stake in Vale by 58.2% in the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock valued at $1,163,896,000 after acquiring an additional 32,864,929 shares during the period. GQG Partners LLC lifted its stake in Vale by 42.4% during the fourth quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock worth $848,677,000 after purchasing an additional 19,397,396 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Vale by 15.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 47,947,703 shares of the basic materials company’s stock worth $762,848,000 after purchasing an additional 6,351,703 shares during the period. Invesco Ltd. boosted its holdings in Vale by 16.7% during the third quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock valued at $314,526,000 after purchasing an additional 4,151,563 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Vale by 5.4% during the first quarter. Lazard Asset Management LLC now owns 23,685,915 shares of the basic materials company’s stock valued at $376,843,000 after purchasing an additional 1,205,280 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. UBS Group reissued a “neutral” rating and issued a $16.50 target price on shares of Vale in a report on Tuesday, August 11th. Zacks Research lowered Vale from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a research report on Wednesday, July 8th. JPMorgan Chase & Co. increased their price objective on Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Finally, Scotiabank cut their price objective on Vale from $19.00 to $16.00 and set a “sector perform” rating for the company in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vale currently has a consensus rating of “Hold” and an average target price of $16.00.

Vale Price Performance

Vale stock opened at $13.93 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.19. The firm has a market cap of $63.21 billion, a P/E ratio of 28.42 and a beta of 0.47. The business’s fifty day moving average is $14.76 and its two-hundred day moving average is $15.73. Vale S.A. has a 52 week low of $9.68 and a 52 week high of $17.94.

Vale (NYSE:VALE) last announced its earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $10.47 billion. Equities research analysts forecast that Vale S.A. will post 1.9 earnings per share for the current fiscal year.

Vale Announces Dividend

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

Vale Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.