Capital World Investors Has $1.16 Billion Stock Position in Vale S.A. $VALE

Capital World Investors increased its holdings in Vale S.A. (NYSE:VALE) by 58.2% in the 4th quarter, Holdings Channel reports. The fund owned 89,322,261 shares of the basic materials company’s stock after purchasing an additional 32,864,929 shares during the period. Capital World Investors’ holdings in Vale were worth $1,163,896,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VALE. Mondrian Investment Partners LTD purchased a new stake in Vale in the 3rd quarter worth about $123,532,000. Robeco Institutional Asset Management B.V. lifted its stake in Vale by 77.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock worth $271,145,000 after acquiring an additional 9,103,727 shares in the last quarter. SPX Gestao de Recursos Ltda lifted its stake in Vale by 303.8% in the 3rd quarter. SPX Gestao de Recursos Ltda now owns 11,068,403 shares of the basic materials company’s stock worth $120,203,000 after acquiring an additional 8,327,112 shares in the last quarter. Truist Financial Corp lifted its stake in Vale by 16,205.4% in the 4th quarter. Truist Financial Corp now owns 8,109,148 shares of the basic materials company’s stock worth $105,662,000 after acquiring an additional 8,059,415 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Vale by 59.6% in the 3rd quarter. Bank of America Corp DE now owns 16,961,051 shares of the basic materials company’s stock worth $184,197,000 after acquiring an additional 6,332,760 shares in the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Stock Down 0.2%

Shares of VALE stock opened at $15.20 on Monday. The stock’s 50 day simple moving average is $16.53 and its 200 day simple moving average is $15.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24. Vale S.A. has a twelve month low of $8.97 and a twelve month high of $17.94. The company has a market capitalization of $68.97 billion, a price-to-earnings ratio of 22.68 and a beta of 0.46.

Vale (NYSE:VALE) last issued its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). The business had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. As a group, research analysts predict that Vale S.A. will post 2.15 EPS for the current year.

Wall Street Analyst Weigh In

VALE has been the subject of several research analyst reports. Barclays increased their price objective on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Royal Bank Of Canada downgraded Vale from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $14.50 to $15.50 in a research note on Thursday, March 12th. JPMorgan Chase & Co. raised their price target on Vale from $18.50 to $19.50 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Wells Fargo & Company cut their price target on Vale from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price target on shares of Vale in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.65.

Insider Buying and Selling at Vale

In other Vale news, VP Sobrinho Sami Arap acquired 12,990 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was bought at an average price of $16.11 per share, for a total transaction of $209,268.90. Following the purchase, the vice president owned 12,990 shares in the company, valued at $209,268.90. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Parenti Grazielle Tallia acquired 10,464 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was acquired at an average price of $16.11 per share, with a total value of $168,575.04. Following the purchase, the insider owned 10,464 shares in the company, valued at approximately $168,575.04. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information.

About Vale

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.