Paradigm Asset Management Co. LLC Purchases New Holdings in Vale S.A. $VALE

Paradigm Asset Management Co. LLC purchased a new position in shares of Vale S.A. (NYSE:VALE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,100 shares of the basic materials company’s stock, valued at approximately $994,000.

A number of other large investors also recently bought and sold shares of the stock. Mountain Hill Investment Partners Corp. acquired a new position in shares of Vale in the 3rd quarter valued at $40,000. Ramsey Quantitative Systems purchased a new stake in shares of Vale during the 2nd quarter valued at $56,000. Inspire Investing LLC increased its holdings in shares of Vale by 19.8% during the 3rd quarter. Inspire Investing LLC now owns 7,141 shares of the basic materials company’s stock worth $96,000 after buying an additional 1,179 shares during the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Vale during the 3rd quarter worth $145,000. Finally, Foster Group Inc. increased its holdings in shares of Vale by 6.9% during the 3rd quarter. Foster Group Inc. now owns 11,697 shares of the basic materials company’s stock worth $157,000 after buying an additional 758 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Trading Down 0.0%

Shares of VALE stock opened at $11.57 on Thursday. The stock has a market cap of $52.54 billion, a price-to-earnings ratio of 77.17 and a beta of 0.50. The company has a quick ratio of 0.71, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. Vale S.A. has a fifty-two week low of $10.96 and a fifty-two week high of $17.94. The firm’s 50 day moving average price is $13.30 and its two-hundred day moving average price is $15.10.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, October 29th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). Vale had a return on equity of 16.54% and a net margin of 1.64%. The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.45 billion. On average, analysts anticipate that Vale S.A. will post 1.56 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on VALE. UBS Group cut their target price on Vale from $14.50 to $13.50 and set a “neutral” rating on the stock in a research report on Monday, November 2nd. Weiss Ratings downgraded Vale from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 29th. Barclays dropped their price target on Vale from $15.00 to $14.50 and set an “equal weight” rating for the company in a research note on Monday, November 2nd. Wells Fargo & Company dropped their price target on Vale from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 3rd. Finally, Wall Street Zen downgraded Vale from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.96.

About Vale

Vale S.A. is a Brazilian mining and logistics company best known for producing iron ore and iron ore pellets, which are used in steelmaking. Its other products include nickel, copper, cobalt and manganese, serving customers in the steel, energy and technology industries. Founded in 1942 as Companhia Vale do Rio Doce, the company is headquartered in Rio de Janeiro. Its operations and projects span several countries, including Brazil, Canada and Indonesia. In addition to mining, Vale operates railways, ports and other logistics infrastructure that support the transportation of its products.