132,432 Shares in Vale S.A. $VALE Bought by Matthews International Capital Management LLC

Key Points

• Matthews International acquired 132,432 shares of Vale (NYSE:VALE) in Q4 worth about $1.73 million, making it the firm's 29th-largest position and roughly 0.5% of its holdings.
• Vale reported Q4 EPS of ($0.90), missing the $0.52 consensus while revenue of $11.06 billion beat expectations; analysts hold a consensus "Moderate Buy" with an average target of $16.02 and some price targets raised up to $19.50.
• Insiders increased stakes—VP Sobrinho bought 12,990 shares and Parenti bought 10,464 shares at about $16.11 each—while hedge funds and other institutional investors own roughly 21.85% of the stock.

Matthews International Capital Management LLC bought a new position in Vale S.A. (NYSE:VALE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 132,432 shares of the basic materials company's stock, valued at approximately $1,726,000. Vale accounts for approximately 0.5% of Matthews International Capital Management LLC's holdings, making the stock its 29th biggest position.

Several other large investors have also made changes to their positions in VALE. N.E.W. Advisory Services LLC purchased a new position in shares of Vale in the 4th quarter worth $26,000. Cary Street Partners Investment Advisory LLC raised its position in shares of Vale by 60.0% in 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 buying an additional 1,030 shares during the period. Triumph Capital Management purchased a new position in shares of Vale in the 3rd quarter worth $34,000. Huntington National Bank raised its position in shares of Vale by 36.3% in the 3rd quarter. Huntington National Bank now owns 4,713 shares of the basic materials company's stock worth $51,000 after buying an additional 1,256 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Vale by 171.6% in the 3rd quarter. IFP Advisors Inc now owns 4,951 shares of the basic materials company's stock worth $54,000 after buying an additional 3,128 shares during the period. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Trading Up 0.2%

NYSE:VALE opened at $17.17 on Friday. The business's 50-day moving average is $16.16 and its two-hundred day moving average is $14.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.78. Vale S.A. has a 12 month low of $8.97 and a 12 month high of $17.94. The firm has a market capitalization of $77.95 billion, a PE ratio of 30.67 and a beta of 0.53.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings data on Friday, February 13th. The basic materials company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.52 by ($1.42). Vale had a net margin of 6.12% and a return on equity of 20.16%. The company had revenue of $11.06 billion during the quarter, compared to analysts' expectations of $10.86 billion. Research analysts predict that Vale S.A. will post 2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vale in a research report on Friday, April 10th. Wells Fargo & Company increased their target price on Vale from $15.50 to $17.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 15th. Morgan Stanley increased their target price on Vale from $18.00 to $19.50 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. Barclays increased their target price on Vale from $15.50 to $16.50 and gave the stock an "overweight" rating in a research report on Monday, March 2nd. Finally, Wall Street Zen downgraded Vale from a "buy" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.02.

Insider Activity

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

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.

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