Kiltearn Partners LLP Decreases Stake in Vale S.A. (NYSE:VALE)

Kiltearn Partners LLP reduced its holdings in Vale S.A. (NYSE:VALE - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,684,800 shares of the basic materials company's stock after selling 103,600 shares during the quarter. Vale makes up about 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 quarter.

Other large investors have also recently modified their holdings of the company. Bridgewater Associates LP lifted its stake in Vale by 723.2% in the third quarter. Bridgewater Associates LP now owns 2,035,477 shares of the basic materials company's stock valued at $23,774,000 after buying an additional 1,788,205 shares during the period. Quantbot Technologies LP boosted its stake in Vale by 229.1% during the third quarter. Quantbot Technologies LP now owns 26,104 shares of the basic materials company's stock worth $305,000 after acquiring an additional 18,172 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Vale by 14.6% in the third quarter. D.A. Davidson & CO. now owns 147,742 shares of the basic materials company's stock worth $1,726,000 after purchasing an additional 18,855 shares during the period. FMR LLC increased its stake in Vale by 18.2% in the third quarter. FMR LLC now owns 36,605,338 shares of the basic materials company's stock valued at $427,550,000 after purchasing an additional 5,635,167 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Vale by 274.4% during the third quarter. Bank of Montreal Can now owns 162,453 shares of the basic materials company's stock valued at $1,915,000 after purchasing an additional 119,061 shares during the period. Institutional investors own 21.85% of the company's stock.

Vale Price Performance

Shares of VALE traded down $0.05 during mid-day trading on Wednesday, reaching $9.85. 20,890,234 shares of the stock traded hands, compared to its average volume of 27,381,684. The company has a market cap of $44.16 billion, a price-to-earnings ratio of 4.58, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94. Vale S.A. has a 1 year low of $9.66 and a 1 year high of $16.08. The firm has a fifty day moving average price of $10.73 and a 200 day moving average price of $10.98. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

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

Analyst Upgrades and Downgrades

VALE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Vale from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Monday, September 23rd. Morgan Stanley lowered their target price on Vale from $16.00 to $15.50 and set an "overweight" rating on the stock in a research report on Thursday, September 19th. Scotiabank reduced their price target on shares of Vale from $16.00 to $14.00 and set a "sector perform" rating for the company in a research report on Wednesday, November 20th. Wolfe Research downgraded shares of Vale from a "peer perform" rating to an "underperform" rating in a report on Wednesday, October 9th. Finally, StockNews.com began coverage on shares of Vale in a report on Friday, October 18th. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $15.13.

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.