Janus Henderson Group PLC bought a new position in Vale S.A. (NYSE:VALE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,016,761 shares of the basic materials company's stock, valued at approximately $9,022,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Vale by 328.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company's stock valued at $153,891,000 after acquiring an additional 13,298,912 shares in the last quarter. FMR LLC raised its stake in Vale by 28.8% during the 4th quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock valued at $418,338,000 after purchasing an additional 10,557,888 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Vale by 20.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,995,398 shares of the basic materials company's stock valued at $301,541,000 after purchasing an additional 5,775,590 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Vale by 106.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company's stock worth $86,226,000 after purchasing an additional 5,001,228 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Vale by 6,547.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 4,782,424 shares of the basic materials company's stock worth $42,420,000 after purchasing an additional 4,710,481 shares in the last quarter. Institutional investors own 21.85% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on VALE. UBS Group reduced their price objective on shares of Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Wall Street Zen began coverage on shares of Vale in a research note on Wednesday, May 7th. They set a "hold" rating for the company. CICC Research started coverage on Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $11.00 target price (down from $12.00) on shares of Vale in a research report on Thursday, April 17th. Finally, Bank of America upgraded Vale from a "neutral" rating to a "buy" rating and increased their price target for the company from $11.00 to $11.50 in a report on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.04.
Read Our Latest Report on VALE
Vale Trading Up 0.2%
Shares of Vale stock traded up $0.02 on Friday, hitting $9.60. 31,060,868 shares of the company traded hands, compared to its average volume of 30,749,596. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market cap of $43.55 billion, a PE ratio of 6.66, a PEG ratio of 0.31 and a beta of 0.83. The stock's 50 day moving average price is $9.50 and its 200-day moving average price is $9.47. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $12.75.
Vale (NYSE:VALE - Get Free Report) last issued its earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). The firm had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. Equities research analysts predict that Vale S.A. will post 1.85 EPS for the current year.
About Vale
(
Free Report)
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.
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