Massachusetts Financial Services Co. MA Has $110.61 Million Stake in Vale S.A. $VALE

Key Points

• Massachusetts Financial Services Co. trimmed its stake in Vale by 11.5% in Q4, selling 1,102,242 shares and finishing the period with 8,488,758 shares worth about $110.61 million.
• Vale missed on quarterly EPS (reported −$0.90 vs. $0.52 expected) but posted revenue of $11.06 billion; shares opened at $17.45, with a market cap of $79.18 billion and a PE of 31.15.
• Insiders (including the VP and another executive) bought shares at roughly $16.11, and analysts hold an average “Moderate Buy” rating with a mean target of $15.91.

Massachusetts Financial Services Co. MA lowered its stake in Vale S.A. (NYSE:VALE - Free Report) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,488,758 shares of the basic materials company's stock after selling 1,102,242 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Vale were worth $110,609,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VALE. NewEdge Advisors LLC increased its stake in shares of Vale by 4.9% in the 1st quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company's stock valued at $792,000 after acquiring an additional 3,704 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Vale by 46.6% in the 1st quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company's stock valued at $375,000 after acquiring an additional 11,964 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Vale in the 1st quarter valued at $171,000. Strs Ohio bought a new stake in shares of Vale in the 1st quarter valued at $117,000. Finally, Sivia Capital Partners LLC bought a new stake in shares of Vale in the 2nd quarter valued at $123,000. Institutional investors own 21.85% of the company's stock.

Vale Stock Performance

Shares of VALE stock opened at $17.45 on Tuesday. The firm has a market capitalization of $79.18 billion, a PE ratio of 31.15 and a beta of 0.53. The firm has a fifty day simple moving average of $16.04 and a two-hundred day simple moving average of $13.95. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. Vale S.A. has a 12 month low of $8.93 and a 12 month high of $17.72.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($1.42). The firm had revenue of $11.06 billion for the quarter, compared to analysts' expectations of $10.86 billion. Vale had a return on equity of 20.16% and a net margin of 6.12%. Analysts forecast that Vale S.A. will post 1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Vale from a "hold" rating to a "buy" rating in a research note on Saturday, March 28th. Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and boosted their price target for the company from $18.00 to $19.00 in a research note on Thursday, April 2nd. Wells Fargo & Company restated a "cautious" rating and set a $15.50 price target on shares of Vale in a research note on Monday, February 16th. Royal Bank Of Canada lowered shares of Vale from an "outperform" rating to a "sector perform" rating and boosted their price target for the company from $14.50 to $15.50 in a research note on Thursday, March 12th. Finally, The Goldman Sachs Group boosted their price target on shares of Vale from $13.80 to $18.00 and gave the company a "buy" rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vale has an average rating of "Moderate Buy" and an average target price of $15.91.

Insiders Place Their Bets

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

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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