swisspartners Ltd. increased its holdings in Vale S.A. (NYSE:VALE) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,500 shares of the basic materials company’s stock after buying an additional 3,800 shares during the quarter. Vale comprises approximately 1.3% of swisspartners Ltd.’s investment portfolio, making the stock its 23rd largest holding. swisspartners Ltd.’s holdings in Vale were worth $1,541,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of VALE. First Trust Advisors LP grew its stake in shares of Vale by 12.9% during the 1st quarter. First Trust Advisors LP now owns 129,487 shares of the basic materials company’s stock worth $1,691,000 after purchasing an additional 14,768 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Vale by 22.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 518,394 shares of the basic materials company’s stock valued at $6,769,000 after purchasing an additional 93,900 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Vale by 44.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,028 shares of the basic materials company’s stock valued at $1,040,000 after acquiring an additional 19,100 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Vale by 19.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 361,609 shares of the basic materials company’s stock worth $6,061,000 after purchasing an additional 59,827 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Vale by 59.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 21,602 shares of the basic materials company’s stock valued at $362,000 after acquiring an additional 8,013 shares during the period. Institutional investors own 25.48% of the company’s stock.
Vale stock traded up $0.12 during mid-day trading on Friday, hitting $22.35. 306,280 shares of the company’s stock traded hands, compared to its average volume of 30,450,111. The company has a 50 day moving average price of $20.54. The firm has a market cap of $114.62 billion, a P/E ratio of 11.17, a PEG ratio of 0.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.60 and a current ratio of 1.96. Vale S.A. has a one year low of $10.06 and a one year high of $23.01.
A number of research analysts recently issued reports on VALE shares. Exane BNP Paribas downgraded shares of Vale from an “outperform” rating to an “underperform” rating in a research note on Friday, March 12th. Bank of America restated a “buy” rating on shares of Vale in a research report on Tuesday, March 16th. Zacks Investment Research downgraded Vale from a “buy” rating to a “hold” rating and set a $20.00 price objective for the company. in a research note on Monday, April 12th. Royal Bank of Canada lifted their price objective on Vale from $25.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, June 3rd. Finally, HSBC increased their target price on shares of Vale from $21.50 to $25.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Vale presently has an average rating of “Hold” and a consensus price target of $20.53.
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 Ferrous Minerals, Base Metals, and Coal segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.
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