RWC Asset Management LLP Invests $21.19 Million in Vale S.A. $VALE

RWC Asset Management LLP purchased a new stake in Vale S.A. (NYSE:VALE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,951,385 shares of the basic materials company’s stock, valued at approximately $21,192,000. Vale makes up about 1.0% of RWC Asset Management LLP’s holdings, making the stock its 28th biggest position.

Several other hedge funds have also recently bought and sold shares of the stock. RWC Asset Advisors US LLC bought a new stake in shares of Vale in the 3rd quarter worth about $65,013,000. Abbington Investment Group acquired a new position in Vale in the third quarter valued at about $1,604,000. Benjamin Edwards Inc. acquired a new position in Vale in the third quarter valued at about $114,000. SG Americas Securities LLC grew its stake in Vale by 58.5% during the third quarter. SG Americas Securities LLC now owns 405,405 shares of the basic materials company’s stock worth $4,403,000 after buying an additional 149,551 shares during the last quarter. Finally, Moran Wealth Management LLC increased its holdings in shares of Vale by 5.9% during the third quarter. Moran Wealth Management LLC now owns 62,317 shares of the basic materials company’s stock worth $677,000 after buying an additional 3,483 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on VALE shares. Royal Bank Of Canada raised Vale from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $11.00 to $14.20 in a report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vale in a research report on Monday, December 29th. Wall Street Zen lowered Vale from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 27th. HSBC raised their target price on Vale from $12.25 to $13.50 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Morgan Stanley set a $11.50 price objective on shares of Vale in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vale has a consensus rating of “Moderate Buy” and a consensus price target of $13.21.

Vale Trading Down 0.6%

VALE opened at $13.89 on Tuesday. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $14.38. The company has a market cap of $63.41 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 0.45 and a beta of 0.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $12.84 and a 200 day simple moving average of $11.32.

Vale (NYSE:VALE) last released its earnings results on Thursday, October 30th. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. The firm had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.39 billion. Vale had a net margin of 14.69% and a return on equity of 18.60%. On average, sell-side analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Announces Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 12th will be paid a $0.2331 dividend. The ex-dividend date of this dividend is Friday, December 12th. Vale’s dividend payout ratio is presently 69.23%.

About Vale

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.