Robeco Institutional Asset Management B.V. Acquires 2,393,157 Shares of Vale S.A. $VALE

Robeco Institutional Asset Management B.V. boosted its holdings in Vale S.A. (NYSE:VALE) by 24.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,050,646 shares of the basic materials company’s stock after purchasing an additional 2,393,157 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Vale were worth $117,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. GQG Partners LLC bought a new position in shares of Vale during the first quarter worth approximately $371,778,000. Orbis Allan Gray Ltd boosted its stake in shares of Vale by 165.9% in the first quarter. Orbis Allan Gray Ltd now owns 31,257,989 shares of the basic materials company’s stock valued at $311,955,000 after buying an additional 19,500,437 shares during the period. Massachusetts Financial Services Co. MA grew its position in Vale by 38.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,932,405 shares of the basic materials company’s stock worth $159,005,000 after buying an additional 4,389,959 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Vale by 15.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,523,471 shares of the basic materials company’s stock worth $115,004,000 after acquiring an additional 1,557,799 shares during the period. Finally, Northern Trust Corp raised its holdings in Vale by 15.2% in the 1st quarter. Northern Trust Corp now owns 4,628,829 shares of the basic materials company’s stock valued at $46,196,000 after acquiring an additional 610,457 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Up 0.3%

VALE opened at $11.02 on Friday. The company’s 50 day moving average is $10.31 and its 200-day moving average is $9.83. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $11.68. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. The company has a market cap of $50.00 billion, a P/E ratio of 8.96 and a beta of 0.80.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. The business had revenue of $8.80 billion during the quarter, compared to analysts’ expectations of $9.54 billion. Vale had a net margin of 14.23% and a return on equity of 18.14%. Equities research analysts predict that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.3417 per share. The ex-dividend date was Wednesday, August 13th. This represents a dividend yield of 740.0%. Vale’s dividend payout ratio is 59.35%.

Analyst Ratings Changes

VALE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Vale from $15.00 to $13.50 and set an “overweight” rating for the company in a research report on Thursday, September 4th. UBS Group reaffirmed a “neutral” rating and set a $10.00 price objective (up previously from $9.00) on shares of Vale in a research report on Monday, August 4th. Zacks Research lowered shares of Vale from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Clarkson Capital initiated coverage on shares of Vale in a research report on Wednesday, September 3rd. They issued a “buy” rating and a $12.00 target price for the company. Finally, Barclays increased their price target on shares of Vale from $13.50 to $13.70 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vale presently has a consensus rating of “Moderate Buy” and an average target price of $11.93.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.