Quantinno Capital Management LP Purchases 75,610 Shares of Vale S.A. $VALE

Quantinno Capital Management LP boosted its position in Vale S.A. (NYSE:VALE) by 32.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 306,367 shares of the basic materials company’s stock after purchasing an additional 75,610 shares during the period. Quantinno Capital Management LP’s holdings in Vale were worth $4,874,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its position in shares of Vale by 5.4% during the 1st quarter. Lazard Asset Management LLC now owns 23,685,915 shares of the basic materials company’s stock worth $376,843,000 after buying an additional 1,205,280 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Vale in the first quarter worth $128,239,000. Waverly Advisors LLC grew its stake in Vale by 1,714.5% in the 1st quarter. Waverly Advisors LLC now owns 262,682 shares of the basic materials company’s stock valued at $4,179,000 after purchasing an additional 248,205 shares during the period. Renaissance Technologies LLC increased its position in shares of Vale by 27.3% during the 1st quarter. Renaissance Technologies LLC now owns 14,053,337 shares of the basic materials company’s stock valued at $223,589,000 after purchasing an additional 3,012,700 shares during the last quarter. Finally, Compound Planning Inc. increased its position in shares of Vale by 9.6% during the 1st quarter. Compound Planning Inc. now owns 105,911 shares of the basic materials company’s stock valued at $1,685,000 after purchasing an additional 9,259 shares during the last quarter. 21.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VALE. Morgan Stanley reissued an “equal weight” rating and issued a $16.50 price target (down from $19.50) on shares of Vale in a report on Wednesday, July 8th. Wells Fargo & Company lowered their price objective on shares of Vale from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 9th. Bank of America reiterated a “neutral” rating and issued a $16.00 target price (down from $18.00) on shares of Vale in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Vale from $19.50 to $21.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Finally, The Goldman Sachs Group cut shares of Vale from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $18.00 to $16.00 in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vale has an average rating of “Hold” and an average target price of $15.96.

Vale Price Performance

NYSE VALE opened at $14.74 on Friday. The company has a market cap of $66.89 billion, a PE ratio of 30.08 and a beta of 0.47. Vale S.A. has a 52 week low of $9.67 and a 52 week high of $17.94. The company has a quick ratio of 0.79, a current ratio of 1.19 and a debt-to-equity ratio of 0.45. The firm’s 50-day simple moving average is $15.05 and its two-hundred day simple moving average is $15.84.

Vale (NYSE:VALE) last posted its earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share 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 business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.47 billion. Research analysts predict that Vale S.A. will post 1.9 earnings per share for the current year.

Vale Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be paid a $0.3088 dividend. The ex-dividend date is Thursday, August 13th. Vale’s payout ratio is currently 134.69%.

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.