RWC Asset Management LLP Acquires New Holdings in Vale S.A. $VALE

RWC Asset Management LLP acquired a new stake in Vale S.A. (NYSE:VALE) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,951,385 shares of the basic materials company’s stock, valued at approximately $21,192,000. Vale makes up approximately 1.0% of RWC Asset Management LLP’s holdings, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VALE. CENTRAL TRUST Co bought a new stake in Vale in the 2nd quarter valued at $34,000. GAMMA Investing LLC lifted its holdings in shares of Vale by 98.4% in the second quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 2,021 shares in the last quarter. Thompson Investment Management Inc. bought a new stake in shares of Vale in the second quarter valued at about $46,000. Westend Capital Management LLC acquired a new position in shares of Vale during the second quarter worth about $48,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Vale during the second quarter worth about $87,000. 21.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VALE shares. Morgan Stanley set a $11.50 target price on Vale in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Vale from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 27th. Barclays raised their target price on shares of Vale from $14.50 to $15.50 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank Of Canada upgraded shares of Vale from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $11.00 to $14.20 in a research note on Wednesday, December 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vale from $13.50 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Vale currently has an average rating of “Moderate Buy” and a consensus price target of $13.21.

Vale Stock Down 0.6%

Vale stock opened at $13.89 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 0.82. The company’s 50-day moving average is $12.84 and its 200-day moving average is $11.32. The firm has a market capitalization of $63.41 billion, a PE ratio of 10.68, a P/E/G ratio of 0.45 and a beta of 0.53. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $14.38.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, October 30th. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.39 billion. Vale had a return on equity of 18.60% and a net margin of 14.69%. Sell-side analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.2331 per share. The ex-dividend date is Friday, December 12th. Vale’s payout ratio is currently 69.23%.

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.