Wellington Management Group LLP raised its holdings in Vale S.A. (NYSE:VALE - Free Report) by 36.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,255,889 shares of the basic materials company's stock after purchasing an additional 600,755 shares during the quarter. Wellington Management Group LLP owned approximately 0.05% of Vale worth $26,349,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of VALE. Point72 Asia Singapore Pte. Ltd. acquired a new position in Vale during the 3rd quarter worth about $28,000. Point72 Hong Kong Ltd bought a new stake in shares of Vale during the third quarter valued at approximately $36,000. Phillips Wealth Planners LLC acquired a new stake in shares of Vale in the third quarter valued at approximately $118,000. Vawter Financial Ltd. bought a new position in Vale in the 2nd quarter worth approximately $124,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Vale during the 2nd quarter worth $125,000. Institutional investors and hedge funds own 21.85% of the company's stock.
A number of equities research analysts have recently weighed in on VALE shares. Wolfe Research downgraded Vale from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, October 9th. Barclays dropped their price objective on Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a report on Wednesday, December 4th. Scotiabank reduced their target price on shares of Vale from $16.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Wednesday, November 20th. UBS Group downgraded shares of Vale from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Vale from $16.50 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $14.38.
Check Out Our Latest Report on VALE
Shares of VALE stock traded down $0.21 on Friday, hitting $9.26. The stock had a trading volume of 27,085,145 shares, compared to its average volume of 27,648,803. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. Vale S.A. has a twelve month low of $9.22 and a twelve month high of $16.08. The company has a fifty day moving average price of $10.33 and a two-hundred day moving average price of $10.73. The firm has a market cap of $41.51 billion, a P/E ratio of 4.28, a PEG ratio of 0.27 and a beta of 0.91.
Vale (NYSE:VALE - Get Free Report) last posted its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The firm had revenue of $9.55 billion during the quarter, compared to analysts' expectations of $9.61 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. As a group, analysts forecast that Vale S.A. will post 2.08 earnings per share for the current fiscal year.
Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.
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