Schroder Investment Management Group Has $31.17 Million Stock Position in Vale S.A. $VALE

Schroder Investment Management Group increased its stake in Vale S.A. (NYSE:VALE) by 10.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,869,944 shares of the basic materials company’s stock after purchasing an additional 277,031 shares during the quarter. Schroder Investment Management Group owned approximately 0.06% of Vale worth $31,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of 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 worth $30,000 after buying an additional 1,030 shares during the period. CENTRAL TRUST Co purchased a new position in shares of Vale in the second quarter worth approximately $34,000. Huntington National Bank raised its holdings in shares of Vale by 36.3% during the third quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 1,256 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Vale in the 3rd quarter valued at approximately $59,000. Finally, Strengthening Families & Communities LLC purchased a new stake in shares of Vale in the 3rd quarter valued at approximately $87,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Price Performance

VALE stock opened at $15.35 on Thursday. The firm has a 50 day simple moving average of $15.75 and a 200 day simple moving average of $13.12. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 1.15.

Vale (NYSE:VALE) last released 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%. On average, equities analysts forecast that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on VALE. Wells Fargo & Company reaffirmed a “cautious” rating and issued a $15.50 price objective on shares of Vale in a research note on Monday, February 16th. Scotiabank restated a “sector perform” rating and issued a $16.50 target price on shares of Vale in a report on Monday, February 9th. UBS Group raised their target price on Vale from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Wall Street Zen cut Vale from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Royal Bank Of Canada raised Vale from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $11.00 to $14.20 in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.