Kiltearn Partners LLP Sells 103,600 Shares of Vale S.A. (NYSE:VALE)

Kiltearn Partners LLP trimmed its position in shares of Vale S.A. (NYSE:VALE) by 5.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,684,800 shares of the basic materials company’s stock after selling 103,600 shares during the quarter. Vale makes up approximately 2.7% of Kiltearn Partners LLP’s investment portfolio, making the stock its 16th biggest holding. Kiltearn Partners LLP’s holdings in Vale were worth $19,678,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VALE. Tidal Investments LLC increased its position in shares of Vale by 17.1% during the first quarter. Tidal Investments LLC now owns 288,419 shares of the basic materials company’s stock valued at $3,515,000 after purchasing an additional 42,118 shares during the period. Wahed Invest LLC increased its holdings 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 during the period. Virtu Financial LLC acquired a new position in shares of Vale in the 1st quarter valued at $1,379,000. Cetera Investment Advisers lifted its holdings in shares of Vale by 316.9% during the 1st quarter. Cetera Investment Advisers now owns 217,250 shares of the basic materials company’s stock worth $2,648,000 after acquiring an additional 165,141 shares during the period. Finally, Cetera Advisors LLC boosted its position in shares of Vale by 109.1% during the 1st 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 in the last quarter. Institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

VALE has been the topic of a number of recent research reports. Morgan Stanley decreased their price objective on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a report on Thursday, September 19th. Wolfe Research cut Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. UBS Group cut Vale from a “buy” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $11.50 in a report on Monday, November 11th. StockNews.com began coverage on shares of Vale in a report on Friday, October 18th. They issued a “buy” rating on the stock. Finally, Scotiabank cut their price target on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Vale presently has an average rating of “Hold” and a consensus target price of $15.13.

Vale Price Performance

Shares of VALE stock opened at $9.90 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale S.A. has a 12 month low of $9.66 and a 12 month high of $16.08. The firm has a market cap of $44.36 billion, a price-to-earnings ratio of 4.58, a PEG ratio of 0.27 and a beta of 0.94. The stock has a 50-day moving average price of $10.73 and a 200 day moving average price of $10.98.

Vale (NYSE:VALE) last posted its quarterly earnings results 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. Vale had a return on equity of 21.07% and a net margin of 22.59%. The business had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same period last year, the company earned $0.66 EPS. Research analysts expect that Vale S.A. will post 2.12 EPS for the current year.

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.