RWC Asset Advisors US LLC Has $46.87 Million Stake in Vale S.A. $VALE

RWC Asset Advisors US LLC decreased its stake in Vale S.A. (NYSE:VALE) by 35.4% in the second quarter, Holdings Channel.com reports. The firm owned 3,116,288 shares of the basic materials company’s stock after selling 1,708,613 shares during the period. Vale comprises about 10.4% of RWC Asset Advisors US LLC’s holdings, making the stock its 5th biggest position. RWC Asset Advisors US LLC’s holdings in Vale were worth $46,869,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of VALE. PNC Financial Services Group Inc. grew its holdings in shares of Vale by 2.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 28,913 shares of the basic materials company’s stock valued at $377,000 after purchasing an additional 632 shares during the period. NewEdge Wealth LLC increased its position in shares of Vale by 2.8% during the 1st quarter. NewEdge Wealth LLC now owns 25,799 shares of the basic materials company’s stock worth $410,000 after purchasing an additional 708 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Vale by 1.3% in the 4th quarter. Quadrant Capital Group LLC now owns 66,870 shares of the basic materials company’s stock valued at $871,000 after buying an additional 853 shares during the period. Parallel Advisors LLC lifted its position in Vale by 5.4% in the third quarter. Parallel Advisors LLC now owns 17,350 shares of the basic materials company’s stock valued at $188,000 after buying an additional 885 shares during the last quarter. Finally, Intergy Private Wealth LLC boosted its stake in Vale by 6.6% during the first quarter. Intergy Private Wealth LLC now owns 14,759 shares of the basic materials company’s stock worth $235,000 after buying an additional 908 shares during the period. Institutional investors own 21.85% of the company’s stock.

Vale Stock Up 0.1%

Shares of NYSE VALE opened at $15.28 on Tuesday. The stock has a market cap of $69.36 billion, a P/E ratio of 31.18 and a beta of 0.49. The business’s fifty day simple moving average is $14.68 and its 200-day simple moving average is $15.60. Vale S.A. has a 12-month low of $10.33 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 released its earnings results 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 return on equity of 19.87% and a net margin of 5.11%.The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.47 billion. As a group, equities 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. Stockholders of record on Thursday, August 13th will be paid a $0.3088 dividend. The ex-dividend date is Thursday, August 13th. Vale’s dividend payout ratio (DPR) is presently 89.80%.

Analyst Ratings Changes

Several brokerages have recently commented on VALE. Bank of America restated a “neutral” rating and issued a $16.00 price objective (down from $18.00) on shares of Vale in a report on Wednesday, August 5th. Royal Bank Of Canada restated a “sector perform” rating on shares of Vale in a research report on Monday, June 15th. UBS Group reiterated a “neutral” rating and issued a $16.50 price objective on shares of Vale in a report on Tuesday, August 11th. Scotiabank lowered their target price on Vale from $19.00 to $16.00 and set a “sector perform” rating for the company in a report on Monday, July 20th. Finally, Wells Fargo & Company dropped their target price on Vale from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vale presently has an average rating of “Hold” and a consensus price target of $16.33.

Vale Company 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.