Capital World Investors Has $613.09 Million Stake in Vale S.A. $VALE

Capital World Investors boosted its holdings in shares of Vale S.A. (NYSE:VALE) by 13.3% during the third quarter, Holdings Channel reports. The institutional investor owned 56,457,332 shares of the basic materials company’s stock after acquiring an additional 6,643,125 shares during the quarter. Capital World Investors’ holdings in Vale were worth $613,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC boosted its position in shares of Vale by 60.0% during the 3rd 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 in the last quarter. CENTRAL TRUST Co acquired a new stake in Vale during the second quarter valued at approximately $34,000. Huntington National Bank grew its stake in shares of Vale by 36.3% in the 3rd quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 1,256 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Vale in the 3rd quarter worth approximately $59,000. Finally, Strengthening Families & Communities LLC bought a new position in shares of Vale during the 3rd quarter worth approximately $87,000. Institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on VALE shares. Barclays upped their price target on Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded shares of Vale from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Zacks Research cut Vale from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Scotiabank reaffirmed a “sector perform” rating and issued a $16.50 price objective on shares of Vale in a research note on Monday, February 9th. Finally, Bank of America cut shares of Vale from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $17.00 to $18.00 in a report on Thursday, February 26th. 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 assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.46.

Vale Trading Up 1.8%

VALE stock opened at $15.61 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $15.71 and a 200 day simple moving average of $13.11. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $17.72.

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

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.