NS Partners Ltd Decreases Stock Holdings in Vale S.A. $VALE

NS Partners Ltd lowered its stake in shares of Vale S.A. (NYSE:VALE) by 35.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital World Investors boosted its holdings in shares of Vale by 58.2% in the 4th quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock valued at $1,163,896,000 after buying an additional 32,864,929 shares in the last quarter. GQG Partners LLC raised its stake in shares of Vale by 42.4% during the 4th quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock worth $848,677,000 after acquiring an additional 19,397,396 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Vale by 15.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 47,947,703 shares of the basic materials company’s stock worth $762,848,000 after acquiring an additional 6,351,703 shares in the last quarter. Invesco Ltd. boosted its stake in Vale by 16.7% in the third quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock valued at $314,526,000 after acquiring an additional 4,151,563 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Vale by 5.4% in the first quarter. Lazard Asset Management LLC now owns 23,685,915 shares of the basic materials company’s stock valued at $376,843,000 after acquiring an additional 1,205,280 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VALE shares. Scotiabank reduced their price target on Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Monday, July 20th. Morgan Stanley restated an “equal weight” rating and set a $16.50 target price (down from $19.50) on shares of Vale in a research note on Wednesday, July 8th. The Goldman Sachs Group cut Vale from a “buy” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $16.00 in a research note on Monday, July 27th. Bank of America reissued a “neutral” rating and issued a $16.00 price target (down from $18.00) on shares of Vale in a report on Wednesday, August 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vale in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Vale Stock Up 0.3%

Shares of VALE stock opened at $15.07 on Tuesday. Vale S.A. has a fifty-two week low of $10.08 and a fifty-two week high of $17.94. The firm has a market capitalization of $68.40 billion, a PE ratio of 30.76 and a beta of 0.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.19. The stock’s 50-day simple moving average is $14.65 and its 200-day simple moving average is $15.64.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The business had revenue of $10.24 billion for 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%. Equities analysts expect that Vale S.A. will post 1.9 earnings per share for the current year.

Vale Dividend Announcement

The business also recently disclosed 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 is Thursday, August 13th. Vale’s dividend payout ratio (DPR) is presently 89.80%.

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.