Mondrian Investment Partners LTD Grows Stake in Vale S.A. (NYSE:VALE)

Mondrian Investment Partners LTD increased its holdings in Vale S.A. (NYSE:VALE) by 20.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,950,729 shares of the basic materials company’s stock after purchasing an additional 1,854,940 shares during the period. Vale accounts for 1.9% of Mondrian Investment Partners LTD’s holdings, making the stock its 27th biggest holding. Mondrian Investment Partners LTD owned 0.24% of Vale worth $118,815,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VALE. Dimensional Fund Advisors LP lifted its position in Vale by 10.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,005,525 shares of the basic materials company’s stock valued at $44,741,000 after purchasing an additional 363,783 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Vale by 27.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,853,914 shares of the basic materials company’s stock valued at $132,408,000 after acquiring an additional 2,578,900 shares during the last quarter. Inspire Advisors LLC grew its position in Vale by 7.8% in the second quarter. Inspire Advisors LLC now owns 20,781 shares of the basic materials company’s stock worth $232,000 after acquiring an additional 1,504 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Vale by 0.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 631,753 shares of the basic materials company’s stock worth $6,906,000 after acquiring an additional 4,700 shares during the last quarter. Finally, D Orazio & Associates Inc. purchased a new stake in Vale during the second quarter valued at approximately $151,000. 21.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VALE shares. Wolfe Research downgraded Vale from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 17th. UBS Group dropped their price target on shares of Vale from $15.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, July 5th. BNP Paribas raised shares of Vale from an “underperform” rating to a “neutral” rating in a research report on Friday, June 21st. Finally, Morgan Stanley reduced their price target on Vale from $18.00 to $15.50 and set an “overweight” rating on the stock in a report on Friday, June 21st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Vale has a consensus rating of “Moderate Buy” and a consensus price target of $16.72.

Vale Trading Up 0.1 %

NYSE:VALE opened at $10.60 on Wednesday. The company has a market capitalization of $47.52 billion, a P/E ratio of 5.86, a PEG ratio of 3.48 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.43. Vale S.A. has a 12 month low of $9.66 and a 12 month high of $16.08. The firm has a fifty day simple moving average of $10.57 and a 200-day simple moving average of $11.55.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Vale had a return on equity of 22.23% and a net margin of 23.07%. The business had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.97 billion. On average, equities research analysts anticipate that Vale S.A. will post 2.13 earnings per share for the current year.

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 5th were given a dividend of $0.3698 per share. The ex-dividend date was Monday, August 5th. This is a positive change from Vale’s previous semi-annual dividend of $0.32. This represents a yield of 12.1%. Vale’s dividend payout ratio (DPR) is currently 64.09%.

Vale Profile

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 Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.