OMERS ADMINISTRATION Corp Sells 6,440,964 Shares of Vale S.A. $VALE

OMERS ADMINISTRATION Corp trimmed its stake in shares of Vale S.A. (NYSE:VALE) by 79.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,619,298 shares of the basic materials company’s stock after selling 6,440,964 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Vale were worth $24,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VALE. Arrowstreet Capital Limited Partnership grew its stake in shares of Vale by 2,239.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock worth $541,996,000 after buying an additional 39,818,066 shares during the last quarter. Capital World Investors increased its holdings in shares of Vale by 58.2% during the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock worth $1,163,896,000 after buying an additional 32,864,929 shares in the last quarter. GQG Partners LLC lifted its stake in shares of Vale by 42.4% in the 4th quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock valued at $848,677,000 after acquiring an additional 19,397,396 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Vale by 15,202.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 15,663,641 shares of the basic materials company’s stock valued at $249,209,000 after acquiring an additional 15,561,279 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Vale by 119.9% during the 1st quarter. Bank of America Corp DE now owns 21,837,416 shares of the basic materials company’s stock worth $347,433,000 after acquiring an additional 11,905,247 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Trading Down 0.1%

NYSE VALE opened at $14.58 on Monday. The firm has a market capitalization of $66.18 billion, a P/E ratio of 29.76 and a beta of 0.47. The business has a fifty day simple moving average of $14.71 and a 200 day simple moving average of $15.71. Vale S.A. has a 12 month low of $9.80 and a 12 month high of $17.94. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.47 billion. Vale had a return on equity of 19.87% and a net margin of 5.11%. On average, analysts predict that Vale S.A. will post 1.9 EPS for the current fiscal year.

Vale Announces Dividend

The company 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 of this dividend is Thursday, August 13th. Vale’s dividend payout ratio is presently 89.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vale in a report on Wednesday, July 8th. The Goldman Sachs Group downgraded Vale from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $16.00 in a report on Monday, July 27th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vale in a research report on Monday, June 15th. Bank of America reaffirmed a “neutral” rating and set a $16.00 target price (down from $18.00) on shares of Vale in a research note on Wednesday, August 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $16.50 price target (down from $19.50) on shares of Vale in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.00.

About Vale

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.