Nkcfo LLC Buys New Shares in Vale S.A. $VALE

Nkcfo LLC purchased a new position in shares of Vale S.A. (NYSE:VALE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 237,750 shares of the basic materials company’s stock, valued at approximately $3,098,000. Vale accounts for 0.9% of Nkcfo LLC’s investment portfolio, making the stock its 26th biggest position.

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

Vale Price Performance

VALE stock opened at $16.37 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $74.30 billion, a P/E ratio of 24.43 and a beta of 0.53. The business has a 50 day simple moving average of $16.20 and a 200-day simple moving average of $14.47. Vale S.A. has a twelve month low of $8.97 and a twelve month high of $17.94.

Vale (NYSE:VALE) last released its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). The business had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 20.90%. As a group, equities analysts anticipate that Vale S.A. will post 2.08 EPS for the current year.

Insider Transactions at Vale

In other Vale news, insider Parenti Grazielle Tallia bought 10,464 shares of Vale stock in a transaction dated Wednesday, April 1st. The stock was acquired at an average cost of $16.11 per share, with a total value of $168,575.04. Following the completion of the acquisition, the insider owned 10,464 shares of the company’s stock, valued at approximately $168,575.04. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sobrinho Sami Arap bought 12,990 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were acquired at an average price of $16.11 per share, with a total value of $209,268.90. Following the purchase, the vice president directly owned 12,990 shares of the company’s stock, valued at approximately $209,268.90. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information.

Wall Street Analyst Weigh In

VALE has been the subject of a number of analyst reports. Royal Bank Of Canada downgraded shares of Vale from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $14.50 to $15.50 in a research note on Thursday, March 12th. Wall Street Zen cut Vale from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Barclays increased their price target on shares of Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a research note on Monday, March 2nd. UBS Group upped their target price on shares of Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Vale from $18.00 to $18.50 and gave the stock an “overweight” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.95.

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.