Vale S.A. $VALE Shares Purchased by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC boosted its position in Vale S.A. (NYSE:VALE) by 13.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 671,082 shares of the basic materials company’s stock after buying an additional 80,515 shares during the period. BTG Pactual Asset Management US LLC’s holdings in Vale were worth $10,093,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in Vale by 128.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 1,155 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in shares of Vale in the 4th quarter valued at approximately $33,000. Triumph Capital Management purchased a new stake in shares of Vale in the third quarter valued at approximately $34,000. Cornerstone Planning Group LLC boosted its stake in shares of Vale by 15,360.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after buying an additional 3,072 shares in the last quarter. Finally, EFG International AG purchased a new stake in shares of Vale in the fourth quarter valued at approximately $52,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VALE. Morgan Stanley reiterated an “equal weight” rating and issued a $16.50 price objective (down from $19.50) on shares of Vale in a research report on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vale in a research note on Wednesday, July 8th. Wall Street Zen downgraded shares of Vale from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Wells Fargo & Company reduced their price objective on shares of Vale from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, July 9th. Finally, UBS Group reissued a “neutral” rating and set a $16.50 price objective on shares of Vale in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vale presently has an average rating of “Hold” and a consensus target price of $16.00.

Vale Stock Performance

Shares of VALE opened at $15.04 on Monday. Vale S.A. has a 12-month low of $10.08 and a 12-month high of $17.94. The stock has a market cap of $68.27 billion, a P/E ratio of 30.69 and a beta of 0.47. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $14.66 and a two-hundred day moving average of $15.66.

Vale (NYSE:VALE) last announced its earnings results on Thursday, July 30th. The basic materials company reported $0.36 EPS 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 company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.47 billion. As a group, research analysts predict that Vale S.A. will post 1.9 EPS for the current fiscal year.

Vale Announces Dividend

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