WINTON GROUP Ltd Purchases New Holdings in Vale S.A. $VALE

WINTON GROUP Ltd acquired a new position in Vale S.A. (NYSE:VALE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 99,000 shares of the basic materials company’s stock, valued at approximately $1,290,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VALE. NewEdge Advisors LLC boosted its position in shares of Vale by 4.9% in the first quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after buying an additional 3,704 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Vale by 46.6% during the first quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock valued at $375,000 after buying an additional 11,964 shares in the last quarter. Empowered Funds LLC acquired a new position in Vale during the first quarter valued at $171,000. Strs Ohio acquired a new position in Vale during the first quarter valued at $117,000. Finally, Sivia Capital Partners LLC purchased a new stake in Vale in the 2nd quarter worth about $123,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Stock Down 1.5%

VALE stock opened at $15.00 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. Vale S.A. has a 1 year low of $8.97 and a 1 year high of $17.94. The company has a fifty day simple moving average of $16.53 and a 200 day simple moving average of $15.31. The firm has a market cap of $68.07 billion, a PE ratio of 22.38 and a beta of 0.46.

Vale (NYSE:VALE) last posted its 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). Vale had a return on equity of 21.10% and a net margin of 7.21%.The business had revenue of $9.26 billion for the quarter, compared to analyst estimates of $9.53 billion. Sell-side analysts anticipate that Vale S.A. will post 2.15 EPS for the current fiscal year.

Insider Activity

In related news, insider Parenti Grazielle Tallia acquired 10,464 shares of the stock in a transaction dated Wednesday, April 1st. The shares were acquired at an average price of $16.11 per share, with a total value of $168,575.04. Following the acquisition, the insider owned 10,464 shares in the company, valued at approximately $168,575.04. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sobrinho Sami Arap acquired 12,990 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was bought at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the completion of the purchase, the vice president directly owned 12,990 shares in the company, valued at $209,268.90. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on VALE shares. Barclays raised their price objective on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. increased their price target on shares of Vale from $18.50 to $19.50 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Royal Bank Of Canada cut shares of Vale from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $14.50 to $15.50 in a report on Thursday, March 12th. Scotiabank boosted their price objective on shares of Vale from $16.50 to $18.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th. Finally, Wells Fargo & Company dropped their price objective on shares of Vale from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.65.

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.