Raymond James & Associates raised its position in shares of Vale SA (NYSE:VALE) by 132.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 538,303 shares of the basic materials company’s stock after acquiring an additional 306,922 shares during the quarter. Raymond James & Associates’ holdings in Vale were worth $6,901,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Vale by 1,518.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,027 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 7,531 shares during the last quarter. Smithfield Trust Co. acquired a new position in shares of Vale during the second quarter valued at approximately $121,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Vale during the first quarter valued at approximately $127,000. Moors & Cabot Inc. acquired a new position in shares of Vale during the first quarter valued at approximately $132,000. Finally, Johnson Financial Group Inc. raised its holdings in shares of Vale by 84.1% during the second quarter. Johnson Financial Group Inc. now owns 11,600 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 5,300 shares during the last quarter. 20.01% of the stock is owned by institutional investors and hedge funds.

NYSE:VALE opened at $15.25 on Wednesday. Vale SA has a one year low of $9.53 and a one year high of $15.26. The company has a quick ratio of 1.25, a current ratio of 1.68 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $78.58 billion, a P/E ratio of 11.30 and a beta of 1.76.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, July 26th. The basic materials company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.22 by $0.18. Vale had a return on equity of 17.47% and a net margin of 13.17%. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.75 billion. equities research analysts anticipate that Vale SA will post 1.4 earnings per share for the current year.

The business also recently declared a special dividend, which will be paid on Thursday, September 27th. Investors of record on Monday, August 6th will be issued a $0.0462 dividend. The ex-dividend date is Friday, August 3rd. Vale’s dividend payout ratio is presently 5.93%.

A number of equities analysts have commented on the company. Macquarie increased their target price on Vale from $14.75 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, September 11th. UBS Group raised Vale from a “neutral” rating to an “outperform” rating in a report on Monday, September 17th. Zacks Investment Research raised Vale from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, August 22nd. BMO Capital Markets set a $16.00 target price on Vale and gave the company a “buy” rating in a report on Monday, July 30th. Finally, Jefferies Financial Group raised Vale from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $14.64.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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