Vale S.A. $VALE Shares Purchased by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC increased its holdings in shares of Vale S.A. (NYSE:VALE) by 13.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 671,082 shares of the basic materials company’s stock after buying an additional 80,515 shares during the quarter. BTG Pactual Asset Management US LLC’s holdings in Vale were worth $10,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Vale by 2.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 28,913 shares of the basic materials company’s stock valued at $377,000 after acquiring an additional 632 shares during the last quarter. Chesapeake Capital Corp IL boosted its position in shares of Vale by 0.9% in the fourth quarter. Chesapeake Capital Corp IL now owns 72,358 shares of the basic materials company’s stock worth $943,000 after acquiring an additional 646 shares during the last quarter. NewEdge Wealth LLC grew its holdings in Vale by 2.8% in the first quarter. NewEdge Wealth LLC now owns 25,799 shares of the basic materials company’s stock valued at $410,000 after purchasing an additional 708 shares during the period. Quadrant Capital Group LLC increased its position in Vale by 1.3% during the fourth quarter. Quadrant Capital Group LLC now owns 66,870 shares of the basic materials company’s stock worth $871,000 after purchasing an additional 853 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Vale by 5.4% during the third quarter. Parallel Advisors LLC now owns 17,350 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 885 shares during the period. 21.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Vale from $16.75 to $17.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 target price on shares of Vale in a report on Friday, May 15th. Zacks Research lowered shares of Vale from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Morgan Stanley reaffirmed an “equal weight” rating and set a $16.50 price target (down from $19.50) on shares of Vale in a research report on Wednesday, July 8th. Finally, Wall Street Zen downgraded shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Vale has an average rating of “Hold” and a consensus price target of $16.00.

Vale Price Performance

Shares of NYSE VALE opened at $15.04 on Monday. Vale S.A. has a fifty-two week low of $10.08 and a fifty-two week high of $17.94. The business has a 50 day moving average price of $14.66 and a two-hundred day moving average price of $15.66. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.45. The firm has a market cap of $68.27 billion, a PE ratio of 30.69 and a beta of 0.47.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). Vale had a net margin of 5.11% and a return on equity of 19.87%. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.47 billion. Sell-side analysts expect that Vale S.A. will post 1.9 earnings per share for the current fiscal year.

Vale Dividend Announcement

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

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.