Richard P Slaughter Associates Inc Purchases 5,260 Shares of Vale S.A. (NYSE:VALE)

Richard P Slaughter Associates Inc lifted its position in shares of Vale S.A. (NYSE:VALEFree Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,130 shares of the basic materials company’s stock after acquiring an additional 5,260 shares during the period. Richard P Slaughter Associates Inc’s holdings in Vale were worth $2,511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in VALE. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Vale by 6.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company’s stock valued at $92,868,000 after purchasing an additional 468,432 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Vale in the third quarter worth about $1,126,000. Bank of Montreal Can boosted its stake in shares of Vale by 274.4% in the 3rd quarter. Bank of Montreal Can now owns 162,453 shares of the basic materials company’s stock valued at $1,915,000 after purchasing an additional 119,061 shares in the last quarter. Bridgewater Associates LP grew its holdings in shares of Vale by 723.2% during the 3rd quarter. Bridgewater Associates LP now owns 2,035,477 shares of the basic materials company’s stock valued at $23,774,000 after purchasing an additional 1,788,205 shares during the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in Vale during the 3rd quarter worth approximately $1,422,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

Shares of VALE opened at $8.62 on Wednesday. Vale S.A. has a 12 month low of $8.38 and a 12 month high of $14.54. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $9.43 and its two-hundred day simple moving average is $10.31. The stock has a market capitalization of $38.64 billion, a P/E ratio of 3.99, a price-to-earnings-growth ratio of 0.25 and a beta of 0.91.

Vale (NYSE:VALEGet Free Report) last released its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $9.55 billion for the quarter, compared to the consensus estimate of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter in the previous year, the company earned $0.66 EPS. As a group, analysts predict that Vale S.A. will post 2.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VALE. Barclays reduced their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Morgan Stanley cut Vale from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Jefferies Financial Group dropped their price objective on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, January 6th. StockNews.com initiated coverage on shares of Vale in a research report on Friday, December 13th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Monday, September 23rd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.89.

Read Our Latest Stock Report on Vale

Vale Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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