Aperio Group LLC increased its position in shares of Vale S.A. (NYSE:VALE) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 625,666 shares of the basic materials company’s stock after purchasing an additional 59,315 shares during the period. Aperio Group LLC’s holdings in Vale were worth $6,620,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of Vale by 52.0% during the 2nd quarter. Fisher Asset Management LLC now owns 41,487,299 shares of the basic materials company’s stock worth $427,734,000 after buying an additional 14,201,438 shares in the last quarter. Ninety One UK Ltd bought a new stake in Vale during the 2nd quarter worth $70,370,000. AQR Capital Management LLC grew its position in Vale by 298.7% during the 2nd quarter. AQR Capital Management LLC now owns 5,950,778 shares of the basic materials company’s stock worth $61,353,000 after acquiring an additional 4,458,107 shares during the last quarter. Schafer Cullen Capital Management Inc bought a new stake in Vale during the 3rd quarter worth $35,022,000. Finally, Ninety One North America Inc. bought a new stake in Vale during the 2nd quarter worth $32,623,000. 18.40% of the stock is owned by institutional investors and hedge funds.
Shares of Vale stock opened at $12.68 on Friday. Vale S.A. has a one year low of $6.49 and a one year high of $13.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 1.46. The stock’s 50-day moving average is $11.22 and its 200 day moving average is $10.77. The firm has a market cap of $65.03 billion, a price-to-earnings ratio of 48.77, a PEG ratio of 0.30 and a beta of 0.96.
Vale (NYSE:VALE) last announced its earnings results on Wednesday, October 28th. The basic materials company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.72 by $0.12. Vale had a return on equity of 17.48% and a net margin of 3.82%. The company had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.81 billion. On average, sell-side analysts expect that Vale S.A. will post 1.89 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on VALE shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Vale from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Itau BBA Securities lowered Vale from an “outperform” rating to a “market perform” rating and set a $15.00 price objective on the stock. in a research report on Thursday, October 8th. ValuEngine lowered Vale from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 18th. Royal Bank of Canada reduced their price target on Vale from $16.30 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Finally, Zacks Investment Research lowered Vale from a “buy” rating to a “hold” rating and set a $13.00 price target on the stock. in a research report on Friday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $14.13.
Vale SA engages in the production and exportation of iron ore, pellets, manganese, and iron alloys, which are raw materials needed for steelmaking. It operates through the following segments: Ferrous Minerals, Coal and Base Metals. The Ferrous Minerals segment includes the extraction of iron ore and the production of pellets, manganese ore, iron alloys, and coal and logistics services.
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