Capital World Investors Grows Stake in Vale S.A. $VALE

Capital World Investors boosted its position in shares of Vale S.A. (NYSE:VALE) by 13.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,457,332 shares of the basic materials company’s stock after purchasing an additional 6,643,125 shares during the quarter. Capital World Investors owned approximately 1.24% of Vale worth $613,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of VALE. Invesco Ltd. lifted its position in shares of Vale by 1,534.8% in the second quarter. Invesco Ltd. now owns 24,810,285 shares of the basic materials company’s stock valued at $240,908,000 after acquiring an additional 23,292,629 shares in the last quarter. Mondrian Investment Partners LTD purchased a new position in Vale during the third quarter worth approximately $123,532,000. SPX Gestao de Recursos Ltda boosted its holdings in Vale by 303.8% in the third quarter. SPX Gestao de Recursos Ltda now owns 11,068,403 shares of the basic materials company’s stock valued at $120,203,000 after acquiring an additional 8,327,112 shares during the last quarter. RWC Asset Advisors US LLC acquired a new stake in Vale during the 3rd quarter worth approximately $65,013,000. Finally, Fisher Asset Management LLC increased its position in shares of Vale by 31.8% in the second quarter. Fisher Asset Management LLC now owns 21,705,260 shares of the basic materials company’s stock worth $210,758,000 after acquiring an additional 5,234,201 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Zacks Research cut Vale from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vale in a research report on Monday, December 29th. Royal Bank Of Canada raised Vale from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $11.00 to $14.20 in a research note on Wednesday, December 10th. Finally, UBS Group upped their price target on shares of Vale from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.46.

Vale Stock Performance

Vale stock opened at $15.61 on Wednesday. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $17.72. The firm’s fifty day simple moving average is $15.71 and its 200-day simple moving average is $13.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 1.15.

Vale (NYSE:VALE) last released its earnings results on Thursday, February 12th. The basic materials company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42). Vale had a return on equity of 20.16% and a net margin of 6.12%. On average, equities research analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.