MQS Management LLC Has $862,000 Stake in Vale S.A. (NYSE:VALE)

MQS Management LLC grew its stake in shares of Vale S.A. (NYSE:VALE) by 91.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,188 shares of the basic materials company’s stock after buying an additional 36,768 shares during the period. Vale makes up 0.5% of MQS Management LLC’s portfolio, making the stock its 18th biggest position. MQS Management LLC’s holdings in Vale were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of VALE. Wellington Management Group LLP lifted its stake in Vale by 22.0% in the 4th quarter. Wellington Management Group LLP now owns 12,315,171 shares of the basic materials company’s stock valued at $195,319,000 after acquiring an additional 2,224,756 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Vale by 4.1% during the first quarter. Lazard Asset Management LLC now owns 12,269,261 shares of the basic materials company’s stock worth $149,561,000 after purchasing an additional 485,702 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Vale by 27.8% in the second 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 purchasing an additional 2,578,900 shares in the last quarter. Mondrian Investment Partners LTD increased its stake in Vale by 20.4% in the 2nd quarter. Mondrian Investment Partners LTD now owns 10,950,729 shares of the basic materials company’s stock valued at $118,815,000 after buying an additional 1,854,940 shares during the last quarter. Finally, Oaktree Capital Management LP lifted its position in Vale by 8.1% during the 4th quarter. Oaktree Capital Management LP now owns 9,399,887 shares of the basic materials company’s stock worth $149,082,000 after buying an additional 705,520 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Trading Down 0.5 %

Shares of NYSE VALE opened at $10.53 on Thursday. The stock has a market cap of $47.18 billion, a P/E ratio of 5.81, a price-to-earnings-growth ratio of 3.48 and a beta of 0.93. The firm has a 50 day moving average price of $10.55 and a two-hundred day moving average price of $11.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.73 and a current ratio of 1.08. Vale S.A. has a 52-week low of $9.66 and a 52-week high of $16.08.

Vale (NYSE:VALE) last announced its earnings results on Thursday, July 25th. The basic materials company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.97 billion. Vale had a return on equity of 22.23% and a net margin of 23.07%. As a group, equities analysts forecast that Vale S.A. will post 2.13 EPS for the current year.

Vale Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 5th were given a $0.3698 dividend. The ex-dividend date was Monday, August 5th. This represents a dividend yield of 12.1%. This is an increase from Vale’s previous semi-annual dividend of $0.32. Vale’s payout ratio is 64.09%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley lowered their target price on Vale from $18.00 to $15.50 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Wolfe Research downgraded shares of Vale from an “outperform” rating to a “peer perform” rating in a 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 on the stock in a research report on Friday, July 5th. Finally, BNP Paribas upgraded shares of Vale from an “underperform” rating to a “neutral” rating in a research note on Friday, June 21st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.72.

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.