11,374,935 Shares in Vale S.A. $VALE Bought by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD bought a new stake in Vale S.A. (NYSE:VALE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,374,935 shares of the basic materials company’s stock, valued at approximately $123,532,000. Vale comprises 2.1% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 24th largest position. Mondrian Investment Partners LTD owned 0.25% of Vale at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VALE. Invesco Ltd. boosted its stake in shares of Vale by 1,534.8% during the second quarter. Invesco Ltd. now owns 24,810,285 shares of the basic materials company’s stock worth $240,908,000 after buying an additional 23,292,629 shares during the period. Fisher Asset Management LLC increased its stake in Vale by 31.8% in the 2nd quarter. Fisher Asset Management LLC now owns 21,705,260 shares of the basic materials company’s stock valued at $210,758,000 after purchasing an additional 5,234,201 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Vale by 5.3% in the second quarter. Lazard Asset Management LLC now owns 20,080,222 shares of the basic materials company’s stock valued at $194,978,000 after buying an additional 1,002,588 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Vale by 2.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,296,306 shares of the basic materials company’s stock worth $158,237,000 after buying an additional 363,901 shares in the last quarter. Finally, Ninety One UK Ltd raised its position in Vale by 29.7% during the third quarter. Ninety One UK Ltd now owns 7,632,938 shares of the basic materials company’s stock worth $82,894,000 after acquiring an additional 1,747,474 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on VALE. JPMorgan Chase & Co. lifted their target price on shares of Vale from $13.50 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Zacks Research downgraded Vale from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Scotiabank restated a “sector perform” rating and set a $16.50 target price on shares of Vale in a report on Monday, February 9th. UBS Group boosted their price target on Vale from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Finally, Jefferies Financial Group set a $15.00 price objective on shares of Vale and gave the company a “buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Vale currently has an average rating of “Moderate Buy” and an average target price of $13.88.

Vale Stock Down 2.3%

Shares of VALE stock opened at $16.64 on Tuesday. The business has a 50 day moving average of $14.64 and a two-hundred day moving average of $12.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.82 and a current ratio of 1.24. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $17.72.

Vale (NYSE:VALE) last issued its earnings results on Thursday, February 12th. The basic materials company reported ($0.98) earnings per share for the quarter, missing the consensus estimate of $0.52 by ($1.50). Vale had a return on equity of 18.60% and a net margin of 14.69%. As a group, equities analysts predict that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Dividend Announcement

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

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.