Vale S.A. $VALE Holdings Reduced by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in Vale S.A. (NYSE:VALE) by 78.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 107,407 shares of the basic materials company’s stock after selling 390,985 shares during the quarter. Quantbot Technologies LP’s holdings in Vale were worth $1,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its holdings in Vale by 1,534.8% in the 2nd quarter. Invesco Ltd. now owns 24,810,285 shares of the basic materials company’s stock worth $240,908,000 after buying an additional 23,292,629 shares in the last quarter. Fisher Asset Management LLC raised its stake in Vale by 31.8% during the 2nd quarter. Fisher Asset Management LLC now owns 21,705,260 shares of the basic materials company’s stock valued at $210,758,000 after acquiring an additional 5,234,201 shares in the last quarter. Lazard Asset Management LLC boosted its position in Vale by 5.3% during the 2nd quarter. Lazard Asset Management LLC now owns 20,080,222 shares of the basic materials company’s stock worth $194,978,000 after acquiring an additional 1,002,588 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Vale by 2.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,296,306 shares of the basic materials company’s stock worth $158,237,000 after acquiring an additional 363,901 shares during the period. Finally, Mondrian Investment Partners LTD bought a new position in shares of Vale in the third quarter worth $123,532,000. Institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Shares of Vale stock opened at $14.95 on Friday. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $17.72. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $15.61 and its two-hundred day moving average price is $12.98.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, February 12th. The basic materials company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.52 by ($1.42). Vale had a net margin of 6.12% and a return on equity of 20.16%. Equities research analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VALE. Scotiabank reissued a “sector perform” rating and set a $16.50 price target on shares of Vale in a report on Monday, February 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vale in a research report on Monday, December 29th. Wall Street Zen cut shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Wells Fargo & Company restated a “cautious” rating and set a $15.50 price target on shares of Vale in a research report on Monday, February 16th. Finally, Zacks Research lowered shares of Vale from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Vale currently has an average rating of “Moderate Buy” and a consensus target price of $14.46.

Vale 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.