Kiltearn Partners LLP Lowers Stock Position in Vale S.A. (NYSE:VALE)

Kiltearn Partners LLP reduced its stake in shares of Vale S.A. (NYSE:VALE) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,684,800 shares of the basic materials company’s stock after selling 103,600 shares during the quarter. Vale accounts for approximately 2.7% of Kiltearn Partners LLP’s portfolio, making the stock its 16th largest holding. Kiltearn Partners LLP’s holdings in Vale were worth $19,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tidal Investments LLC grew its holdings in shares of Vale by 17.1% during the 1st quarter. Tidal Investments LLC now owns 288,419 shares of the basic materials company’s stock worth $3,515,000 after purchasing an additional 42,118 shares during the period. Wahed Invest LLC grew its position in Vale by 45.0% in the 1st quarter. Wahed Invest LLC now owns 39,861 shares of the basic materials company’s stock valued at $486,000 after buying an additional 12,377 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Vale in the 1st quarter worth approximately $1,379,000. Cetera Investment Advisers boosted its holdings in shares of Vale by 316.9% in the first quarter. Cetera Investment Advisers now owns 217,250 shares of the basic materials company’s stock valued at $2,648,000 after acquiring an additional 165,141 shares in the last quarter. Finally, Cetera Advisors LLC increased its stake in shares of Vale by 109.1% during the first quarter. Cetera Advisors LLC now owns 101,406 shares of the basic materials company’s stock valued at $1,236,000 after acquiring an additional 52,906 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VALE. Morgan Stanley decreased their target price on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday, September 19th. Scotiabank dropped their target price on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research note on Monday, September 23rd. Wolfe Research cut shares of Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. Finally, UBS Group downgraded Vale from a “buy” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $11.50 in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Vale has a consensus rating of “Hold” and an average price target of $15.13.

Vale Stock Performance

Shares of NYSE VALE opened at $9.90 on Wednesday. The business’s 50-day simple moving average is $10.73 and its 200-day simple moving average is $10.98. Vale S.A. has a 52 week low of $9.66 and a 52 week high of $16.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The firm has a market cap of $44.36 billion, a price-to-earnings ratio of 4.58, a P/E/G ratio of 0.27 and a beta of 0.94.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. The business had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same period in the prior year, the firm earned $0.66 EPS. As a group, equities research analysts expect that Vale S.A. will post 2.12 earnings per share for the current fiscal year.

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.