Vale S.A. $VALE Holdings Trimmed by Man Group plc

Man Group plc decreased its holdings in shares of Vale S.A. (NYSE:VALE) by 57.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,089,267 shares of the basic materials company’s stock after selling 4,143,946 shares during the period. Man Group plc owned approximately 0.07% of Vale worth $46,463,000 as of its most recent filing with the Securities and Exchange Commission.

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

Vale Stock Performance

Shares of VALE stock opened at $15.17 on Thursday. The stock has a 50-day moving average of $14.67 and a 200-day moving average of $15.68. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77. The stock has a market cap of $68.86 billion, a PE ratio of 30.96 and a beta of 0.47. Vale S.A. has a one year low of $10.08 and a one year high of $17.94.

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). The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.47 billion. Vale had a return on equity of 19.87% and a net margin of 5.11%. As a group, sell-side analysts expect that Vale S.A. will post 1.9 earnings per share for the current 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 $0.3088 dividend. The ex-dividend date of this dividend is Thursday, August 13th. Vale’s payout ratio is currently 89.80%.

Wall Street Analysts Forecast Growth

VALE has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a report on Wednesday, July 8th. 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. UBS Group reaffirmed a “neutral” rating and issued a $16.50 target price on shares of Vale in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 target price on shares of Vale in a research note on Friday, May 15th. Finally, Zacks Research cut shares of Vale from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. One research 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 given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.00.

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.