Robeco Institutional Asset Management B.V. Buys 210,674 Shares of Vale S.A. (NYSE:VALE)

Robeco Institutional Asset Management B.V. increased its position in Vale S.A. (NYSE:VALE) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,719,838 shares of the basic materials company’s stock after purchasing an additional 210,674 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Vale were worth $55,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VALE. SPX Gestao de Recursos Ltda lifted its holdings in shares of Vale by 60.6% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company’s stock worth $245,404,000 after buying an additional 8,288,112 shares during the period. Lazard Asset Management LLC grew its holdings in Vale by 4.1% during the 1st quarter. Lazard Asset Management LLC now owns 12,269,261 shares of the basic materials company’s stock worth $149,561,000 after acquiring an additional 485,702 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Vale by 27.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,853,914 shares of the basic materials company’s stock worth $132,408,000 after acquiring an additional 2,578,900 shares in the last quarter. Mondrian Investment Partners LTD raised its holdings in shares of Vale by 20.4% in the 2nd quarter. Mondrian Investment Partners LTD now owns 10,950,729 shares of the basic materials company’s stock valued at $118,815,000 after purchasing an additional 1,854,940 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings 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 in the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Stock Up 1.7 %

VALE stock opened at $10.78 on Tuesday. The stock has a market capitalization of $48.33 billion, a PE ratio of 4.99, a price-to-earnings-growth ratio of 0.29 and a beta of 0.95. Vale S.A. has a 52 week low of $9.66 and a 52 week high of $16.08. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $10.79 and a 200 day moving average of $11.23.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same period in the previous year, the company earned $0.66 earnings per share. Sell-side analysts forecast that Vale S.A. will post 2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VALE. Scotiabank cut their price objective on shares of Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price target on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Monday, September 23rd. StockNews.com assumed coverage on Vale in a research report on Friday, October 18th. They set a “buy” rating on the stock. Wolfe Research downgraded shares of Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley lowered their price target on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.17.

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.