Robeco Institutional Asset Management B.V. Sells 345,071 Shares of Vale S.A. $VALE

by · The Markets Daily

Robeco Institutional Asset Management B.V. lessened its position in shares of Vale S.A. (NYSE:VALE – Free Report) by 2.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,705,575 shares of the basic materials company’s stock after selling 345,071 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Vale were worth $127,123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vident Advisory LLC grew its holdings in Vale by 16.1% during the 1st quarter. Vident Advisory LLC now owns 21,071 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 2,925 shares during the period. Royal Bank of Canada boosted its position in shares of Vale by 37.8% during the 1st quarter. Royal Bank of Canada now owns 1,463,665 shares of the basic materials company’s stock valued at $14,608,000 after purchasing an additional 401,614 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Vale by 4.9% during the 1st quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock valued at $792,000 after purchasing an additional 3,704 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Vale by 46.6% during the first quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 11,964 shares during the period. Finally, Everstar Asset Management LLC bought a new stake in Vale in the first quarter worth approximately $200,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VALE shares. Zacks Research cut Vale from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Hsbc Global Res raised shares of Vale to a “strong-buy” rating in a research note on Friday, October 17th. Royal Bank Of Canada upgraded shares of Vale from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $11.00 to $14.20 in a report on Wednesday, December 10th. Morgan Stanley set a $11.50 price objective on shares of Vale in a report on Wednesday, October 8th. Finally, Barclays increased their price objective on shares of Vale from $13.80 to $14.50 and gave the stock an “overweight” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.04.

Get Our Latest Stock Report on Vale

Vale Stock Performance

VALE opened at $14.16 on Wednesday. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $14.18. The company has a market cap of $61.55 billion, a price-to-earnings ratio of 10.89 and a beta of 0.53. The company’s fifty day moving average price is $12.67 and its two-hundred day moving average price is $11.18. The company has a current ratio of 1.24, a quick ratio of 0.82 and a debt-to-equity ratio of 0.49.

Vale (NYSE:VALE – Get Free Report) last posted its earnings results on Thursday, October 30th. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.49 by $0.14. Vale had a net margin of 14.69% and a return on equity of 18.60%. The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.39 billion. On average, analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, January 14th. Stockholders 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 69.23%.

Vale Profile

(Free Report)

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.

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