Kiltearn Partners LLP Sells 108,500 Shares of Vale S.A. $VALE

Kiltearn Partners LLP trimmed its holdings in shares of Vale S.A. (NYSE:VALE) by 7.2% during the third quarter, Holdings Channel.com reports. The fund owned 1,394,936 shares of the basic materials company’s stock after selling 108,500 shares during the quarter. Vale accounts for about 3.0% of Kiltearn Partners LLP’s holdings, making the stock its 13th biggest position. Kiltearn Partners LLP’s holdings in Vale were worth $15,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Cary Street Partners Investment Advisory LLC boosted its holdings in Vale by 60.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,030 shares during the period. CENTRAL TRUST Co acquired a new position in shares of Vale during the 2nd quarter worth approximately $34,000. Huntington National Bank increased its holdings in shares of Vale by 36.3% during the third quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 1,256 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Vale in the third quarter valued at approximately $59,000. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of Vale in the third quarter valued at approximately $87,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

NYSE VALE opened at $14.95 on Monday. The firm’s 50 day simple moving average is $15.61 and its 200 day simple moving average is $13.03. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. Vale S.A. has a 1 year low of $8.06 and a 1 year high of $17.72.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, February 12th. The basic materials company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.52 by ($1.42). Vale had a net margin of 6.12% and a return on equity of 20.16%. On average, equities analysts expect that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

VALE has been the subject of several recent research reports. Wall Street Zen cut Vale from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Barclays lifted their price objective on Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a report on Monday, March 2nd. UBS Group increased their target price on Vale from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Wells Fargo & Company restated a “cautious” rating and issued a $15.50 price target on shares of Vale in a research report on Monday, February 16th. Finally, Zacks Research downgraded Vale from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.46.

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.