Quantinno Capital Management LP Has $4.87 Million Position in Vale S.A. $VALE

Quantinno Capital Management LP raised its position in Vale S.A. (NYSE:VALE) by 32.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 306,367 shares of the basic materials company’s stock after purchasing an additional 75,610 shares during the quarter. Quantinno Capital Management LP’s holdings in Vale were worth $4,874,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VALE. Capital World Investors increased its stake in shares of Vale by 58.2% in the fourth 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 during the period. GQG Partners LLC grew its holdings in 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in 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 during the last quarter. Invesco Ltd. increased its position in Vale by 16.7% in the 3rd 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 during the period. Finally, Lazard Asset Management LLC increased its position in Vale by 5.4% in the 1st 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 during the period. 21.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VALE shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vale in a report on Monday, June 15th. Bank of America restated a “neutral” rating and issued a $16.00 price objective (down from $18.00) on shares of Vale in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of Vale from $19.50 to $21.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, Wells Fargo & Company dropped their price target on Vale from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.96.

Vale Stock Performance

VALE opened at $14.74 on Friday. Vale S.A. has a 1-year low of $9.67 and a 1-year high of $17.94. The company has a market cap of $66.89 billion, a price-to-earnings ratio of 30.08 and a beta of 0.47. The company’s fifty day moving average price is $15.05 and its two-hundred day moving average price is $15.84. The company has a current ratio of 1.19, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45.

Vale (NYSE:VALE) last issued its quarterly earnings data 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 analyst estimates of $10.47 billion. Vale had a net margin of 5.11% and a return on equity of 19.87%. On average, analysts expect that Vale S.A. will post 1.9 EPS for the current fiscal year.

Vale Dividend Announcement

The business 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 dividend of $0.3088 per share. The ex-dividend date is Thursday, August 13th. Vale’s payout ratio is 134.69%.

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.