Tower Research Capital LLC TRC reduced its stake in Vale S.A. (NYSE:VALE - Free Report) by 95.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,323 shares of the basic materials company's stock after selling 66,322 shares during the period. Tower Research Capital LLC TRC's holdings in Vale were worth $29,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of VALE. FMR LLC lifted its position in Vale by 28.8% in the 4th quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock valued at $418,338,000 after acquiring an additional 10,557,888 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 worth $153,891,000 after purchasing an additional 13,298,912 shares during the last quarter. Mondrian Investment Partners LTD raised its stake in shares of Vale by 13.3% in the fourth quarter. Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company's stock worth $109,202,000 after purchasing an additional 1,381,475 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Vale by 25.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,965,672 shares of the basic materials company's stock valued at $88,396,000 after purchasing an additional 2,014,652 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Vale by 106.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company's stock valued at $86,226,000 after buying an additional 5,001,228 shares during the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.
Vale Price Performance
NYSE VALE opened at $9.67 on Thursday. The business's fifty day moving average is $9.52 and its 200 day moving average is $9.48. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $12.89. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The company has a market capitalization of $43.87 billion, a PE ratio of 6.71, a price-to-earnings-growth ratio of 0.31 and a beta of 0.83.
Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $8.12 billion for the quarter, compared to analysts' expectations of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. Sell-side analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on VALE shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $11.00 target price (down previously from $12.00) on shares of Vale in a research report on Thursday, April 17th. StockNews.com started coverage on shares of Vale in a research note on Wednesday, May 7th. They issued a "hold" rating for the company. UBS Group decreased their price objective on shares of Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a report on Monday, April 28th. CICC Research started coverage on shares of Vale in a research report on Monday, May 12th. They set an "outperform" rating and a $11.30 price objective on the stock. Finally, Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.04.
Check Out Our Latest Report on Vale
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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