MIdWestOne Financial Group Inc. Trims Holdings in Vale S.A. $VALE

MIdWestOne Financial Group Inc. reduced its holdings in shares of Vale S.A. (NYSE:VALE) by 26.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 133,267 shares of the basic materials company’s stock after selling 47,867 shares during the period. MIdWestOne Financial Group Inc.’s holdings in Vale were worth $1,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital World Investors boosted its stake in shares of Vale by 58.2% during the 4th quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock valued at $1,163,896,000 after buying an additional 32,864,929 shares during the last quarter. Capital International Investors boosted its stake in shares of Vale by 4.3% during the 3rd quarter. Capital International Investors now owns 46,215,387 shares of the basic materials company’s stock valued at $501,715,000 after buying an additional 1,910,266 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Vale by 16.7% during the 3rd quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock valued at $314,526,000 after buying an additional 4,151,563 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Vale by 10.9% during the 3rd quarter. Lazard Asset Management LLC now owns 22,272,507 shares of the basic materials company’s stock valued at $241,879,000 after buying an additional 2,192,285 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of 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 buying an additional 9,103,727 shares during the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vale

In related news, VP Sobrinho Sami Arap bought 12,990 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were purchased at an average cost of $16.11 per share, with a total value of $209,268.90. Following the completion of the transaction, the vice president directly owned 12,990 shares of the company’s stock, valued at approximately $209,268.90. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Parenti Grazielle Tallia bought 10,464 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was bought at an average cost of $16.11 per share, for a total transaction of $168,575.04. Following the completion of the transaction, the insider directly owned 10,464 shares of the company’s stock, valued at $168,575.04. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Vale Price Performance

Shares of NYSE VALE opened at $15.38 on Friday. Vale S.A. has a 1-year low of $8.97 and a 1-year high of $17.94. 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 fifty day moving average price is $16.52 and its two-hundred day moving average price is $15.38. The firm has a market capitalization of $69.81 billion, a PE ratio of 22.96 and a beta of 0.46.

Vale (NYSE:VALE) last issued its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $9.53 billion. On average, research analysts expect that Vale S.A. will post 2.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VALE. Wall Street Zen cut Vale from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Wells Fargo & Company lowered their target price 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. Morgan Stanley boosted their target price on shares of Vale from $18.00 to $19.50 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a research note on Friday, April 10th. Finally, Barclays boosted 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Vale presently has a consensus rating of “Moderate Buy” and an average target price of $16.65.

About Vale

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.