Vale S.A. $VALE Shares Acquired by Truist Financial Corp

Key Points

• Truist Financial boosted its stake in Vale by 16,205.4% in Q4, acquiring an additional 8,059,415 shares to hold 8,109,148 shares worth about $105.66 million (roughly 0.18% of the company).
• Other major institutions — including Robeco, Mondrian, Capital World Investors, Bank of America and SPX — also materially increased positions, leaving institutional ownership at about 21.85%.
• Vale reported an EPS miss ($0.44 vs. $0.52 expected) and revenue below estimates, but analysts maintain a consensus "Moderate Buy" with an average target near $15.95 and several recent price-target upgrades.

Truist Financial Corp boosted its position in Vale S.A. (NYSE:VALE - Free Report) by 16,205.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,109,148 shares of the basic materials company's stock after purchasing an additional 8,059,415 shares during the quarter. Truist Financial Corp owned about 0.18% of Vale worth $105,662,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mondrian Investment Partners LTD acquired a new position in shares of Vale during the third quarter worth approximately $123,532,000. Robeco Institutional Asset Management B.V. increased its position in Vale by 77.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company's stock valued at $271,145,000 after acquiring an additional 9,103,727 shares during the period. SPX Gestao de Recursos Ltda raised its stake in Vale by 303.8% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 11,068,403 shares of the basic materials company's stock valued at $120,203,000 after acquiring an additional 8,327,112 shares in the last quarter. Capital World Investors boosted its position in Vale by 13.3% during the 3rd quarter. Capital World Investors now owns 56,457,332 shares of the basic materials company's stock worth $613,086,000 after acquiring an additional 6,643,125 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Vale by 59.6% in the third quarter. Bank of America Corp DE now owns 16,961,051 shares of the basic materials company's stock worth $184,197,000 after purchasing an additional 6,332,760 shares in the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Zacks Research cut Vale from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. lifted their target price on Vale from $18.00 to $18.50 and gave the stock an "overweight" rating in a report on Friday, April 10th. Royal Bank Of Canada downgraded shares of Vale from an "outperform" rating to a "sector perform" rating and upped their price target for the company from $14.50 to $15.50 in a report on Thursday, March 12th. UBS Group raised their price objective on shares of Vale from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, March 27th. Finally, Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $18.00 to $19.00 in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.95.

Insider Transactions at Vale

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

Vale Stock Performance

Shares of NYSE VALE opened at $15.84 on Tuesday. The stock's fifty day simple moving average is $16.20 and its 200 day simple moving average is $14.52. The stock has a market capitalization of $71.91 billion, a price-to-earnings ratio of 23.65 and a beta of 0.46. The company has a quick ratio of 0.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.48. Vale S.A. has a 52-week low of $8.97 and a 52-week high of $17.94.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The company had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. As a group, sell-side analysts forecast that Vale S.A. will post 2.13 earnings per share for the current fiscal year.

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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