Himension Capital Singapore PTE. LTD. Reduces Holdings in Vale S.A. $VALE

Himension Capital Singapore PTE. LTD. reduced its position in Vale S.A. (NYSE:VALE) by 12.4% in the 1st quarter, Holdings Channel reports. The firm owned 804,708 shares of the basic materials company’s stock after selling 113,409 shares during the quarter. Vale accounts for about 1.0% of Himension Capital Singapore PTE. LTD.’s portfolio, making the stock its 19th largest position. Himension Capital Singapore PTE. LTD.’s holdings in Vale were worth $12,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new stake in Vale during the 4th quarter worth $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its position in shares of Vale by 128.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after buying an additional 1,155 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Vale in the fourth quarter valued at about $33,000. Triumph Capital Management purchased a new position in shares of Vale in the third quarter worth about $34,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Vale by 15,360.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after buying an additional 3,072 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VALE. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research report on Wednesday, July 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $16.50 price objective (down from $19.50) on shares of Vale in a report on Wednesday, July 8th. Scotiabank decreased their target price on shares of Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Monday. Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $19.00 in a report on Thursday, April 2nd. Finally, Wells Fargo & Company dropped their price target on Vale from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Vale currently has an average rating of “Moderate Buy” and a consensus price target of $16.31.

Vale Trading Up 1.0%

Shares of VALE opened at $14.24 on Wednesday. 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 12-month low of $9.36 and a 12-month high of $17.94. The firm has a 50-day moving average price of $15.44 and a 200 day moving average price of $15.78. The firm has a market capitalization of $64.66 billion, a P/E ratio of 21.26 and a beta of 0.46.

Vale (NYSE:VALE) last released its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share (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 firm had revenue of $9.26 billion for the quarter, compared to analyst estimates of $9.53 billion. Sell-side analysts forecast that Vale S.A. will post 1.98 EPS for the current year.

Vale Company 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.