Healthcare of Ontario Pension Plan Trust Fund Raises Holdings in Vale S.A. (NYSE:VALE)

Healthcare of Ontario Pension Plan Trust Fund grew its position in Vale S.A. (NYSE:VALE) by 3,692.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 18,200,000 shares of the basic materials company’s stock after acquiring an additional 17,720,100 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Vale were worth $212,576,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tidal Investments LLC lifted its holdings in Vale by 17.1% during the 1st quarter. Tidal Investments LLC now owns 288,419 shares of the basic materials company’s stock worth $3,515,000 after buying an additional 42,118 shares during the last quarter. Wahed Invest LLC increased its position in Vale by 45.0% during the 1st quarter. Wahed Invest LLC now owns 39,861 shares of the basic materials company’s stock worth $486,000 after purchasing an additional 12,377 shares during the period. Virtu Financial LLC acquired a new position in Vale during the 1st quarter worth approximately $1,379,000. Cetera Investment Advisers grew its holdings in shares of Vale by 316.9% in the 1st quarter. Cetera Investment Advisers now owns 217,250 shares of the basic materials company’s stock worth $2,648,000 after acquiring an additional 165,141 shares during the period. Finally, Cetera Advisors LLC grew its holdings in shares of Vale by 109.1% in the 1st quarter. Cetera Advisors LLC now owns 101,406 shares of the basic materials company’s stock worth $1,236,000 after acquiring an additional 52,906 shares during the period. 21.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VALE. StockNews.com began coverage on Vale in a research note on Friday, October 18th. They issued a “buy” rating on the stock. Morgan Stanley cut their target price on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. Scotiabank cut their target price on Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 20th. Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their price target on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.13.

Vale Trading Down 1.7 %

Shares of NYSE:VALE opened at $9.90 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale S.A. has a 12-month low of $9.66 and a 12-month high of $16.08. The firm has a fifty day moving average of $10.73 and a two-hundred day moving average of $10.98. The firm has a market capitalization of $44.36 billion, a P/E ratio of 4.58, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94.

Vale (NYSE:VALE) last released its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $9.55 billion during 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 quarter in the previous year, the business earned $0.66 EPS. On average, equities analysts expect that Vale S.A. will post 2.12 EPS for the current fiscal year.

About Vale

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.