Mondrian Investment Partners LTD Boosts Stake in Vale S.A. $VALE

Mondrian Investment Partners LTD boosted its stake in Vale S.A. (NYSE:VALE) by 0.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,419,957 shares of the basic materials company’s stock after acquiring an additional 45,022 shares during the period. Vale makes up approximately 2.3% of Mondrian Investment Partners LTD’s portfolio, making the stock its 15th largest position. Mondrian Investment Partners LTD’s holdings in Vale were worth $148,802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. N.E.W. Advisory Services LLC purchased a new position in shares of Vale during the 4th quarter worth $26,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Vale by 60.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,030 shares during the period. Triumph Capital Management purchased a new position in shares of Vale during the 3rd quarter worth $34,000. Cornerstone Planning Group LLC lifted its stake in shares of Vale by 15,360.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 3,072 shares during the period. Finally, Huntington National Bank lifted its stake in shares of Vale by 36.3% during the 3rd quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 1,256 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VALE shares. Wall Street Zen raised Vale from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Bank of America raised Vale from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $19.00 in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price target on shares of Vale in a research note on Friday, May 15th. Zacks Research lowered Vale from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Scotiabank reissued a “sector perform” rating and set a $16.50 price target on shares of Vale in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Vale presently has a consensus rating of “Moderate Buy” and an average target price of $16.54.

Vale Trading Down 0.1%

VALE stock opened at $16.46 on Friday. The company has a market cap of $74.69 billion, a price-to-earnings ratio of 24.56 and a beta of 0.46. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $16.24 and a 200-day simple moving average of $14.99. Vale S.A. has a 52 week low of $8.97 and a 52 week high of $17.94.

Vale (NYSE:VALE) last released its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $9.26 billion for the quarter, compared to analyst estimates of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. On average, equities research analysts expect that Vale S.A. will post 2.12 EPS for the current year.

Insiders Place Their Bets

In other news, 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 cost of $16.11 per share, for a total transaction of $168,575.04. Following the acquisition, the insider directly owned 10,464 shares in the company, valued at approximately $168,575.04. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Sobrinho Sami Arap acquired 12,990 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were purchased at an average price of $16.11 per share, with a total value of $209,268.90. Following the completion of the acquisition, the vice president owned 12,990 shares in the company, valued at approximately $209,268.90. The trade was a ∞ increase in their ownership of the stock. 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.