Caprock Group LLC Takes Position in Vale S.A. $VALE

Caprock Group LLC bought a new position in Vale S.A. (NYSE:VALE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 221,470 shares of the basic materials company’s stock, valued at approximately $2,352,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VALE. Invesco Ltd. boosted its position in shares of Vale by 1,534.8% in the second quarter. Invesco Ltd. now owns 24,810,285 shares of the basic materials company’s stock worth $240,908,000 after purchasing an additional 23,292,629 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Vale by 31.8% during 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 buying an additional 5,234,201 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Vale by 5.3% in the 2nd quarter. Lazard Asset Management LLC now owns 20,080,222 shares of the basic materials company’s stock worth $194,978,000 after buying an additional 1,002,588 shares during the period. Massachusetts Financial Services Co. MA increased its stake in 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 increased its stake in Vale by 29.7% in the 3rd quarter. Ninety One UK Ltd now owns 7,632,938 shares of the basic materials company’s stock worth $82,894,000 after buying an additional 1,747,474 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

VALE has been the subject of a number of recent analyst reports. HSBC upped their price objective on Vale from $12.25 to $13.50 and gave the stock a “buy” rating in a research note on Friday, October 17th. UBS Group boosted their price target on Vale from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Wall Street Zen lowered shares of Vale from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 27th. Scotiabank reiterated a “sector perform” rating and set a $16.50 price objective on shares of Vale in a research report on Monday. Finally, The Goldman Sachs Group boosted their target price on shares of Vale from $13.80 to $18.00 and gave the stock a “buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Vale currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.85.

Vale Stock Down 2.0%

NYSE VALE opened at $17.04 on Friday. The stock has a 50 day moving average price of $14.49 and a 200-day moving average price of $12.26. Vale S.A. has a one year low of $8.06 and a one year high of $17.72. The company has a current ratio of 1.24, a quick ratio of 0.82 and a debt-to-equity ratio of 0.49.

Vale Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 12th were given a $0.2331 dividend. The ex-dividend date was Friday, December 12th. Vale’s dividend payout ratio (DPR) is currently 67.69%.

Vale Company 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.