O Shaughnessy Asset Management LLC Raises Stock Holdings in Vale S.A. $VALE

O Shaughnessy Asset Management LLC raised its stake in Vale S.A. (NYSE:VALE) by 12.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,540,879 shares of the basic materials company’s stock after buying an additional 289,149 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Vale were worth $33,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in VALE. N.E.W. Advisory Services LLC bought a new stake in shares of Vale during the 4th quarter worth $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its position in Vale by 128.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 1,155 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in Vale by 60.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,030 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Vale during the fourth quarter valued at about $33,000. Finally, Triumph Capital Management purchased a new stake in Vale during the third quarter valued at about $34,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Stock Down 1.5%

NYSE VALE opened at $15.00 on Tuesday. Vale S.A. has a 1 year low of $8.97 and a 1 year high of $17.94. The stock has a market capitalization of $68.07 billion, a PE ratio of 22.38 and a beta of 0.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79. The business’s 50-day moving average is $16.53 and its 200 day moving average is $15.31.

Vale (NYSE:VALE) last announced its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). Vale had a net margin of 7.21% and a return on equity of 21.10%. The business had revenue of $9.26 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Sell-side analysts forecast that Vale S.A. will post 2.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

VALE has been the subject of a number of research reports. Barclays upped their price objective on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Morgan Stanley raised their price objective on Vale from $18.00 to $19.50 and gave the company an “overweight” rating in a report on Thursday, April 9th. Scotiabank upped their target price on Vale from $16.50 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 27th. Bank of America raised 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. Finally, Wells Fargo & Company cut their price objective 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.65.

Insider Activity at Vale

In other news, VP Sobrinho Sami Arap purchased 12,990 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The shares were bought at an average cost of $16.11 per share, with a total value of $209,268.90. Following the completion of the purchase, the vice president directly owned 12,990 shares in the company, valued at approximately $209,268.90. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Parenti Grazielle Tallia bought 10,464 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were acquired at an average price of $16.11 per share, for a total transaction of $168,575.04. Following the acquisition, the insider owned 10,464 shares in the company, valued at approximately $168,575.04. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

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.