Employees Retirement System of Texas trimmed its stake in Vale SA (NYSE:VALE) by 31.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 643,676 shares of the basic materials company’s stock after selling 299,926 shares during the quarter. Employees Retirement System of Texas’ holdings in Vale were worth $8,252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. OppenheimerFunds Inc. lifted its stake in shares of Vale by 95.3% during the 1st quarter. OppenheimerFunds Inc. now owns 29,506,800 shares of the basic materials company’s stock valued at $375,327,000 after buying an additional 14,396,810 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Vale during the 2nd quarter valued at approximately $257,716,000. Fisher Asset Management LLC lifted its stake in shares of Vale by 4,083.7% during the 2nd quarter. Fisher Asset Management LLC now owns 16,351,908 shares of the basic materials company’s stock valued at $209,631,000 after buying an additional 15,961,058 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Vale by 6.5% during the 1st quarter. Northern Trust Corp now owns 6,279,967 shares of the basic materials company’s stock valued at $79,882,000 after buying an additional 383,478 shares in the last quarter. Finally, USS Investment Management Ltd lifted its stake in shares of Vale by 44.4% during the 2nd quarter. USS Investment Management Ltd now owns 6,227,036 shares of the basic materials company’s stock valued at $79,799,000 after buying an additional 1,914,500 shares in the last quarter. Hedge funds and other institutional investors own 20.02% of the company’s stock.

Vale stock opened at $13.17 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.68. The company has a market cap of $70.91 billion, a P/E ratio of 9.76 and a beta of 1.72. Vale SA has a 1-year low of $9.53 and a 1-year high of $15.24.

The company also recently announced a special dividend, which will be paid on Thursday, September 27th. Investors of record on Monday, August 6th will be issued a dividend of $0.0462 per share. The ex-dividend date of this dividend is Friday, August 3rd. Vale’s dividend payout ratio (DPR) is presently 6.67%.

A number of analysts recently commented on VALE shares. TheStreet upgraded shares of Vale from a “c+” rating to a “b-” rating in a research note on Tuesday, June 19th. Clarkson Capital upgraded shares of Vale from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 24th. ValuEngine cut shares of Vale from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. BMO Capital Markets set a $16.00 price target on shares of Vale and gave the company a “buy” rating in a research note on Monday, July 30th. Finally, Zacks Investment Research upgraded shares of Vale from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $14.60.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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