Kiltearn Partners LLP Sells 12,900 Shares of Vale S.A. (NYSE:VALE)

Kiltearn Partners LLP decreased its position in shares of Vale S.A. (NYSE:VALE) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,973,900 shares of the basic materials company’s stock after selling 12,900 shares during the period. Vale makes up about 2.2% of Kiltearn Partners LLP’s investment portfolio, making the stock its 21st largest position. Kiltearn Partners LLP’s holdings in Vale were worth $23,904,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. bought a new position in Vale during the 4th quarter worth about $31,000. Rakuten Securities Inc. purchased a new stake in shares of Vale during the fourth quarter valued at about $31,000. GAMMA Investing LLC purchased a new stake in shares of Vale during the fourth quarter valued at about $32,000. Versant Capital Management Inc purchased a new stake in shares of Vale during the first quarter valued at about $26,000. Finally, Cape Investment Advisory Inc. raised its position in shares of Vale by 16,947.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 3,239 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 3,220 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VALE. Wolfe Research downgraded shares of Vale from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 17th. UBS Group reduced their price objective on shares of Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, July 5th. StockNews.com began coverage on Vale in a research report on Saturday, March 30th. They issued a “buy” rating for the company. Barclays boosted their target price on Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Vale from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

Vale Stock Performance

Shares of NYSE VALE traded up $0.16 during trading on Friday, reaching $10.86. The stock had a trading volume of 25,627,142 shares, compared to its average volume of 25,014,442. Vale S.A. has a one year low of $10.64 and a one year high of $16.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 1.12. The stock has a market cap of $48.69 billion, a PE ratio of 6.00, a P/E/G ratio of 3.62 and a beta of 0.96. The firm’s 50 day moving average price is $11.51 and its two-hundred day moving average price is $12.41.

Vale (NYSE:VALE) last issued its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Vale had a return on equity of 22.03% and a net margin of 23.07%. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.35 billion. On average, research analysts forecast that Vale S.A. will post 2.18 earnings per share for the current fiscal year.

About Vale

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.