Navi International Administradora e Gestora de Recursos Financeiros Ltda. Makes New $779,000 Investment in Vale S.A. $VALE

Navi International Administradora e Gestora de Recursos Financeiros Ltda. bought a new stake in shares of Vale S.A. (NYSE:VALE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,789 shares of the basic materials company’s stock, valued at approximately $779,000. Vale comprises about 0.5% of Navi International Administradora e Gestora de Recursos Financeiros Ltda.’s portfolio, making the stock its 9th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in VALE. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its stake in 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 last quarter. Bruce G. Allen Investments LLC purchased a new position in Vale in the 4th quarter valued at $33,000. Triumph Capital Management acquired a new stake in Vale during the 3rd quarter worth $34,000. EFG International AG purchased a new stake in shares of Vale during the fourth quarter worth $52,000. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Vale in the second quarter valued at about $56,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Trading Down 0.2%

Shares of VALE opened at $15.28 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $14.67 and a 200 day moving average price of $15.61. Vale S.A. has a 12-month low of $10.33 and a 12-month high of $17.94. The firm has a market capitalization of $69.36 billion, a P/E ratio of 31.18 and a beta of 0.49.

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 firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.47 billion. Vale had a net margin of 5.11% and a return on equity of 19.87%. Sell-side analysts forecast that Vale S.A. will post 1.9 EPS for the current year.

Vale Announces Dividend

The firm 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 dividend of $0.3088 per share. The ex-dividend date of this dividend is Thursday, August 13th. Vale’s dividend payout ratio (DPR) is 89.80%.

Analyst Upgrades and Downgrades

VALE has been the topic of several research reports. Scotiabank decreased their price target on shares of Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Monday, July 20th. The Goldman Sachs Group cut shares of Vale from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $16.00 in a research note on Monday, July 27th. 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. Freedom Broker lowered shares of Vale from a “hold” rating to a “strong sell” rating in a research note on Thursday. Finally, Wall Street Zen lowered Vale from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Vale currently has a consensus rating of “Hold” and an average price target of $16.33.

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.