Nykredit A S Buys Shares of 210,268 Vale S.A. $VALE

Nykredit A S purchased a new position in shares of Vale S.A. (NYSE:VALE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 210,268 shares of the basic materials company’s stock, valued at approximately $3,162,000.

Several other institutional investors and hedge funds have also made changes to their positions in VALE. NewEdge Advisors LLC increased its position in Vale by 4.9% during the 1st quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after purchasing an additional 3,704 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Vale by 46.6% in the 1st quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 11,964 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Vale during the 1st quarter worth about $171,000. Strs Ohio acquired a new stake in shares of Vale during the 1st quarter worth about $117,000. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Vale during the second quarter worth about $123,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Price Performance

VALE stock opened at $15.28 on Monday. The company has a market cap of $69.36 billion, a PE ratio of 31.18 and a beta of 0.49. 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 stock has a 50-day moving average price of $14.67 and a two-hundred day moving average price of $15.60. Vale S.A. has a 12-month low of $10.33 and a 12-month high of $17.94.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.47 billion. Vale had a return on equity of 19.87% and a net margin of 5.11%. As a group, research analysts predict that Vale S.A. will post 1.9 EPS for the current year.

Vale Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Vale in a research report on Wednesday, July 8th. UBS Group reaffirmed a “neutral” rating and issued a $16.50 target price on shares of Vale in a research note on Tuesday, August 11th. Barclays boosted their price target on Vale from $16.75 to $17.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Zacks Research lowered Vale from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Vale in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Vale currently has an average rating of “Hold” and an average price target of $16.33.

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.