Vinland Capital Management Gestora de Recursos LTDA. Makes New Investment in Vale S.A. $VALE

Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in shares of Vale S.A. (NYSE:VALE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the basic materials company’s stock, valued at approximately $652,000. Vale accounts for about 9.1% of Vinland Capital Management Gestora de Recursos LTDA.’s holdings, making the stock its 2nd biggest position.

Other institutional investors also recently modified their holdings of the company. Capital World Investors raised its holdings in Vale by 58.2% in the 4th quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock worth $1,163,896,000 after acquiring an additional 32,864,929 shares during the last quarter. GQG Partners LLC boosted its position in shares of Vale by 42.4% during the fourth quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock valued at $848,677,000 after buying an additional 19,397,396 shares during the last quarter. Capital International Investors raised its position in Vale by 4.3% in the 3rd quarter. Capital International Investors now owns 46,215,387 shares of the basic materials company’s stock worth $501,715,000 after buying an additional 1,910,266 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Vale by 2,239.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock valued at $541,996,000 after acquiring an additional 39,818,066 shares during the period. Finally, Invesco Ltd. lifted its stake in Vale by 16.7% during the 3rd quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock valued at $314,526,000 after acquiring an additional 4,151,563 shares during the period. 21.85% of the stock is currently owned by institutional investors.

Vale Trading Down 0.6%

Shares of VALE stock opened at $15.44 on Friday. The company has a market cap of $70.06 billion, a PE ratio of 23.04 and a beta of 0.46. Vale S.A. has a 1 year low of $8.97 and a 1 year high of $17.94. The stock’s 50 day simple moving average is $16.48 and its two-hundred day simple moving average is $15.49. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79.

Vale (NYSE:VALE) last announced its quarterly earnings data 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 the consensus estimate of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. Research analysts predict that Vale S.A. will post 2.13 earnings per share for the current year.

Insider Activity

In other news, VP Sobrinho Sami Arap acquired 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, for a total transaction of $209,268.90. Following the purchase, the vice president directly owned 12,990 shares in the company, valued at $209,268.90. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Parenti Grazielle Tallia purchased 10,464 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was 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 of the company’s stock, valued at approximately $168,575.04. The trade was a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $19.00 in a research note on Thursday, April 2nd. UBS Group lifted their target price on shares of Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Wells Fargo & Company decreased their target price on shares of Vale from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Scotiabank set a $19.00 price target on Vale in a report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Vale has an average rating of “Moderate Buy” and an average target price of $16.85.

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.