NS Partners Ltd Lowers Stock Position in Vale S.A. $VALE

NS Partners Ltd lessened its position in shares of Vale S.A. (NYSE:VALE) by 35.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 383,400 shares of the basic materials company’s stock after selling 206,800 shares during the quarter. NS Partners Ltd’s holdings in Vale were worth $5,766,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Todd Asset Management LLC grew its holdings in Vale by 51.6% in the fourth quarter. Todd Asset Management LLC now owns 6,239,516 shares of the basic materials company’s stock valued at $81,301,000 after purchasing an additional 2,124,412 shares during the period. Leonteq Securities AG acquired a new position in shares of Vale during the 4th quarter worth approximately $6,038,000. Truist Financial Corp lifted its position in shares of Vale by 16,205.4% during the 4th quarter. Truist Financial Corp now owns 8,109,148 shares of the basic materials company’s stock valued at $105,662,000 after buying an additional 8,059,415 shares in the last quarter. Pinebridge Investments LLC acquired a new stake in Vale in the 4th quarter valued at $4,642,000. Finally, Qtron Investments LLC grew its stake in Vale by 79.6% in the 4th quarter. Qtron Investments LLC now owns 149,116 shares of the basic materials company’s stock valued at $1,943,000 after acquiring an additional 66,093 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Stock Up 0.3%

Shares of NYSE VALE opened at $15.07 on Tuesday. The stock has a market cap of $68.40 billion, a PE ratio of 30.76 and a beta of 0.47. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45. Vale S.A. has a 12-month low of $10.08 and a 12-month high of $17.94. The company has a 50-day moving average of $14.65 and a 200 day moving average of $15.64.

Vale (NYSE:VALE) last issued 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 company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.47 billion. As a group, sell-side analysts predict that Vale S.A. will post 1.9 EPS for the current fiscal year.

Vale Dividend Announcement

The business also recently announced a special dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th will be paid a $0.3088 dividend. The ex-dividend date of this dividend is Thursday, August 13th. Vale’s dividend payout ratio (DPR) is 89.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays increased their price objective on shares of Vale from $16.75 to $17.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Bank of America reiterated a “neutral” rating and issued a $16.00 price objective (down from $18.00) on shares of Vale in a report on Wednesday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. Wells Fargo & Company decreased their target price on Vale from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 9th. Finally, Zacks Research lowered Vale from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. One equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.00.

Vale 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.