Truist Financial Corp Has $105.66 Million Stock Holdings in Vale S.A. $VALE

Truist Financial Corp boosted its holdings in shares of Vale S.A. (NYSE:VALE) by 16,205.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,109,148 shares of the basic materials company’s stock after buying an additional 8,059,415 shares during the period. Truist Financial Corp’s holdings in Vale were worth $105,662,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mondrian Investment Partners LTD acquired a new stake in Vale during the 3rd quarter worth about $123,532,000. Robeco Institutional Asset Management B.V. grew its stake in Vale by 77.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock valued at $271,145,000 after acquiring an additional 9,103,727 shares in the last quarter. SPX Gestao de Recursos Ltda increased its holdings in shares of Vale by 303.8% in the 3rd quarter. SPX Gestao de Recursos Ltda now owns 11,068,403 shares of the basic materials company’s stock valued at $120,203,000 after purchasing an additional 8,327,112 shares during the period. Capital World Investors increased its holdings in shares of Vale by 13.3% in the 3rd quarter. Capital World Investors now owns 56,457,332 shares of the basic materials company’s stock valued at $613,086,000 after purchasing an additional 6,643,125 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Vale by 59.6% in the third quarter. Bank of America Corp DE now owns 16,961,051 shares of the basic materials company’s stock worth $184,197,000 after purchasing an additional 6,332,760 shares in the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Stock Down 2.1%

Shares of VALE stock opened at $15.84 on Tuesday. The stock’s 50 day simple moving average is $16.20 and its 200 day simple moving average is $14.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.25. Vale S.A. has a twelve month low of $8.97 and a twelve month high of $17.94. The company has a market capitalization of $71.91 billion, a price-to-earnings ratio of 23.65 and a beta of 0.46.

Vale (NYSE:VALE) last announced its 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 return on equity of 21.10% and a net margin of 7.21%.The company had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.53 billion. As a group, research analysts predict that Vale S.A. will post 2.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VALE shares. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a report on Friday, April 10th. Zacks Research downgraded shares of Vale from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Barclays lifted their target price on shares of Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Royal Bank Of Canada cut shares of Vale from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $14.50 to $15.50 in a report on Thursday, March 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Vale from $18.00 to $18.50 and gave the stock an “overweight” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.95.

Insiders Place Their Bets

In other news, insider Parenti Grazielle Tallia bought 10,464 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were acquired at an average cost of $16.11 per share, for a total transaction of $168,575.04. Following the purchase, the insider owned 10,464 shares of the company’s stock, valued at $168,575.04. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sobrinho Sami Arap bought 12,990 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was purchased at an average price of $16.11 per share, for a total transaction of $209,268.90. Following the acquisition, 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. Additional details regarding this purchase are available in the official SEC disclosure.

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.