APG Asset Management N.V. Has $919,000 Stake in Vale S.A. (NYSE:VALE)

APG Asset Management N.V. cut its stake in shares of Vale S.A. (NYSE:VALE) by 80.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,200 shares of the basic materials company’s stock after selling 368,500 shares during the quarter. APG Asset Management N.V.’s holdings in Vale were worth $919,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VALE. AQR Capital Management LLC lifted its stake in shares of Vale by 35.5% in the second quarter. AQR Capital Management LLC now owns 4,032,893 shares of the basic materials company’s stock worth $45,047,000 after acquiring an additional 1,055,867 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Vale by 36.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,406,648 shares of the basic materials company’s stock worth $26,882,000 after purchasing an additional 648,848 shares during the period. Marshall Wace LLP boosted its stake in shares of Vale by 395.3% in the 2nd quarter. Marshall Wace LLP now owns 7,152,069 shares of the basic materials company’s stock valued at $79,889,000 after purchasing an additional 5,707,969 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Vale by 10.4% during the second quarter. Itau Unibanco Holding S.A. now owns 5,398,881 shares of the basic materials company’s stock worth $58,690,000 after buying an additional 508,100 shares during the period. Finally, Profund Advisors LLC raised its stake in Vale by 3.9% during the second quarter. Profund Advisors LLC now owns 144,183 shares of the basic materials company’s stock worth $1,611,000 after buying an additional 5,457 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VALE shares. Morgan Stanley decreased their price target on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a report on Thursday, September 19th. JPMorgan Chase & Co. cut their price target on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Monday, September 23rd. BNP Paribas upgraded shares of Vale from an “underperform” rating to a “neutral” rating in a research note on Friday, June 21st. UBS Group cut 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. Finally, Wolfe Research downgraded shares of Vale from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vale presently has an average rating of “Moderate Buy” and an average price target of $16.17.

Vale Trading Down 0.9 %

VALE opened at $11.69 on Tuesday. Vale S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $16.08. The firm has a market capitalization of $52.38 billion, a PE ratio of 6.46, a P/E/G ratio of 3.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 0.73. The company’s 50-day moving average is $10.53 and its 200 day moving average is $11.43.

Vale (NYSE:VALE) last posted its earnings results on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.97 billion. Vale had a return on equity of 22.23% and a net margin of 23.07%. As a group, research analysts predict that Vale S.A. will post 2.14 earnings per share for the current fiscal year.

Vale Increases Dividend

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