46,784 Shares in Vale S.A. $VALE Purchased by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in shares of Vale S.A. (NYSE:VALE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 46,784 shares of the basic materials company’s stock, valued at approximately $627,000.

Several other hedge funds also recently bought and sold shares of the stock. Nykredit A S acquired a new position in Vale in the 2nd quarter valued at about $3,162,000. Corient Private Wealth LP purchased a new stake in Vale during the second quarter worth approximately $1,119,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Vale by 445.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 115,656 shares of the basic materials company’s stock valued at $1,739,000 after buying an additional 94,466 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in Vale by 112.7% in the third quarter. Vontobel Holding Ltd. now owns 175,479 shares of the basic materials company’s stock valued at $2,353,000 after acquiring an additional 92,970 shares in the last quarter. Finally, Amundi boosted its stake in Vale by 27.4% in the second quarter. Amundi now owns 2,243,230 shares of the basic materials company’s stock valued at $33,738,000 after acquiring an additional 482,313 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Price Performance

VALE stock opened at $11.57 on Thursday. The firm has a 50 day moving average of $13.30 and a 200-day moving average of $15.10. The company has a market cap of $52.54 billion, a price-to-earnings ratio of 8.10 and a beta of 0.50. The company has a current ratio of 1.10, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44. Vale S.A. has a 12-month low of $10.96 and a 12-month high of $17.94.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, October 29th. The basic materials company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.09). The firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.45 billion. Vale had a net margin of 1.64% and a return on equity of 16.54%. As a group, equities analysts expect that Vale S.A. will post 1.56 EPS for the current fiscal year.

Analyst Ratings Changes

VALE has been the subject of a number of research reports. Royal Bank Of Canada boosted their price objective on Vale from $15.00 to $16.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. The Goldman Sachs Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $16.00 in a research report on Monday, July 27th. Barclays decreased their price objective on Vale from $15.00 to $14.50 and set an “equal weight” rating for the company in a research report on Monday, November 2nd. Scotiabank upgraded shares of Vale from a “sector perform” rating to a “sector outperform” rating and set a $16.00 price objective on the stock in a research report on Monday, October 19th. Finally, Morgan Stanley set a $15.50 price objective on shares of Vale in a research report on Wednesday, October 7th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.96.

Vale Profile

Vale S.A. is a Brazilian mining and logistics company best known for producing iron ore and iron ore pellets, which are used in steelmaking. Its other products include nickel, copper, cobalt and manganese, serving customers in the steel, energy and technology industries. Founded in 1942 as Companhia Vale do Rio Doce, the company is headquartered in Rio de Janeiro. Its operations and projects span several countries, including Brazil, Canada and Indonesia. In addition to mining, Vale operates railways, ports and other logistics infrastructure that support the transportation of its products.