Kapitalo Investimentos Ltda Takes $3.13 Million Position in Vale S.A. $VALE

Kapitalo Investimentos Ltda bought a new position in shares of Vale S.A. (NYSE:VALE) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 287,819 shares of the basic materials company’s stock, valued at approximately $3,126,000. Vale makes up 0.6% of Kapitalo Investimentos Ltda’s portfolio, making the stock its 27th largest holding.

Several other institutional investors have also bought and sold shares of VALE. NewEdge Advisors LLC raised its stake in Vale by 4.9% during the first quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after acquiring an additional 3,704 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Vale by 46.6% in the 1st 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 last quarter. Empowered Funds LLC acquired a new stake in shares of Vale during the 1st quarter worth about $171,000. Strs Ohio bought a new position in Vale during the 1st quarter valued at about $117,000. Finally, Sivia Capital Partners LLC acquired a new position in Vale in the second quarter valued at about $123,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Up 1.9%

NYSE:VALE opened at $16.75 on Thursday. The company has a market cap of $74.62 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.47 and a beta of 0.53. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.82 and a current ratio of 1.24. The stock’s fifty day moving average price is $13.58 and its two-hundred day moving average price is $11.76. Vale S.A. has a 52-week low of $8.06 and a 52-week high of $16.88.

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

Vale Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 12th were issued a dividend of $0.2331 per share. The ex-dividend date of this dividend was Friday, December 12th. Vale’s payout ratio is currently 67.69%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank Of Canada raised shares of Vale from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $11.00 to $14.20 in a report on Wednesday, December 10th. Wall Street Zen lowered Vale from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 27th. Hsbc Global Res upgraded Vale to a “strong-buy” rating in a research report on Friday, October 17th. Scotiabank lowered Vale from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $14.00 to $15.00 in a research note on Thursday, January 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Vale in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.38.

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.