Constellation Investimentos e Participacoes Ltda Makes New $22.57 Million Investment in Vale S.A. (NYSE:VALE)

Constellation Investimentos e Participacoes Ltda bought a new stake in Vale S.A. (NYSE:VALEGet Rating) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,129,000 shares of the basic materials company’s stock, valued at approximately $22,569,000. Vale comprises 9.7% of Constellation Investimentos e Participacoes Ltda’s portfolio, making the stock its 3rd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Investors Research Corp boosted its position in Vale by 12.2% during the first quarter. Investors Research Corp now owns 5,500 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 600 shares during the period. Financial Counselors Inc. lifted its holdings in Vale by 3.6% during the 1st quarter. Financial Counselors Inc. now owns 17,661 shares of the basic materials company’s stock worth $353,000 after purchasing an additional 617 shares during the last quarter. Sargent Bickham Lagudis LLC lifted its holdings in Vale by 105.9% during the 1st quarter. Sargent Bickham Lagudis LLC now owns 1,256 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 646 shares during the last quarter. Cedar Brook Financial Partners LLC boosted its stake in Vale by 3.9% in the 1st quarter. Cedar Brook Financial Partners LLC now owns 17,831 shares of the basic materials company’s stock valued at $356,000 after purchasing an additional 675 shares during the period. Finally, TD Asset Management Inc. grew its holdings in Vale by 1.6% in the 4th quarter. TD Asset Management Inc. now owns 46,116 shares of the basic materials company’s stock valued at $647,000 after buying an additional 704 shares in the last quarter. Institutional investors own 19.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Vale from a “hold” rating to a “buy” rating and boosted their target price for the company from $17.00 to $24.00 in a research report on Tuesday, June 7th. StockNews.com started coverage on shares of Vale in a research report on Friday, September 2nd. They set a “buy” rating on the stock. BNP Paribas cut Vale from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research note on Wednesday, July 13th. Morgan Stanley reissued an “equal weight” rating on shares of Vale in a research report on Thursday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Vale from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.21.

Vale Trading Up 9.5 %

NYSE VALE opened at $13.51 on Friday. Vale S.A. has a twelve month low of $11.16 and a twelve month high of $21.29. The business’s fifty day moving average is $13.15 and its 200 day moving average is $16.10. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. The company has a market cap of $62.03 billion, a price-to-earnings ratio of 3.31, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94.

Vale (NYSE:VALEGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The basic materials company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. Vale had a return on equity of 57.75% and a net margin of 41.72%. The firm had revenue of $11.16 billion for the quarter, compared to analyst estimates of $11.67 billion. As a group, sell-side analysts expect that Vale S.A. will post 3.21 EPS for the current fiscal year.

Vale Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 15th were given a $0.3907 dividend. This represents a yield of 21.9%. The ex-dividend date was Friday, August 12th. Vale’s dividend payout ratio (DPR) is currently 19.12%.

Vale Profile

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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 Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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