Vale S.A. (NYSE:VALE) Shares Sold by Dynamo Internacional Gestao DE Recursos LTDA.

Dynamo Internacional Gestao DE Recursos LTDA. reduced its holdings in Vale S.A. (NYSE:VALE) by 22.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,557,469 shares of the basic materials company’s stock after selling 732,014 shares during the period. Vale makes up about 4.9% of Dynamo Internacional Gestao DE Recursos LTDA.’s investment portfolio, making the stock its 4th largest position. Dynamo Internacional Gestao DE Recursos LTDA. owned about 0.06% of Vale worth $28,567,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VALE. Cambridge Investment Research Advisors Inc. lifted its position in shares of Vale by 85.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 491,207 shares of the basic materials company’s stock worth $7,791,000 after acquiring an additional 225,806 shares during the period. Cetera Advisors LLC lifted its position in Vale by 109.1% in the first quarter. Cetera Advisors LLC now owns 101,406 shares of the basic materials company’s stock worth $1,236,000 after purchasing an additional 52,906 shares during the period. Oaktree Capital Management LP lifted its position in Vale by 8.1% in the fourth quarter. Oaktree Capital Management LP now owns 9,399,887 shares of the basic materials company’s stock worth $149,082,000 after purchasing an additional 705,520 shares during the period. Virtu Financial LLC bought a new stake in Vale in the 1st quarter valued at $1,379,000. Finally, Contrarian Capital Management L.L.C. raised its stake in shares of Vale by 25.7% in the 4th quarter. Contrarian Capital Management L.L.C. now owns 2,077,872 shares of the basic materials company’s stock valued at $32,955,000 after buying an additional 425,383 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Price Performance

Shares of VALE stock opened at $10.40 on Tuesday. Vale S.A. has a 1 year low of $9.66 and a 1 year high of $16.08. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $10.49 and its 200-day moving average is $11.47. The firm has a market capitalization of $46.62 billion, a price-to-earnings ratio of 5.75, a PEG ratio of 3.48 and a beta of 0.93.

Vale (NYSE:VALE) last released its earnings results on Thursday, July 25th. The basic materials company reported $0.43 EPS 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 company had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.97 billion. Sell-side analysts forecast that Vale S.A. will post 2.13 EPS for the current fiscal year.

Vale Increases Dividend

The firm also recently announced 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 of this dividend was Monday, August 5th. This is an increase from Vale’s previous semi-annual dividend of $0.32. This represents a yield of 12.1%. Vale’s dividend payout ratio is presently 64.09%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VALE shares. UBS Group lowered their target price on shares of Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, July 5th. JPMorgan Chase & Co. dropped their target price on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley cut their target price on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research report on Thursday, September 19th. Wolfe Research cut Vale from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 17th. Finally, BNP Paribas raised Vale from an “underperform” rating to a “neutral” rating in a report on Friday, June 21st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.17.

Vale Company 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.