Vale S.A. $VALE Shares Acquired by Commons Capital LLC

Commons Capital LLC lifted its stake in Vale S.A. (NYSE:VALE) by 490.6% during the third quarter, Holdings Channel reports. The institutional investor owned 141,750 shares of the basic materials company’s stock after acquiring an additional 117,750 shares during the quarter. Vale makes up approximately 1.0% of Commons Capital LLC’s investment portfolio, making the stock its 25th largest position. Commons Capital LLC’s holdings in Vale were worth $1,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. HighPoint Advisor Group LLC boosted its position in Vale by 3.5% in the 3rd quarter. HighPoint Advisor Group LLC now owns 29,114 shares of the basic materials company’s stock worth $316,000 after purchasing an additional 982 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Vale by 60.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,030 shares during the period. Fullcircle Wealth LLC boosted its holdings in Vale by 8.7% during the third quarter. Fullcircle Wealth LLC now owns 13,800 shares of the basic materials company’s stock worth $165,000 after buying an additional 1,100 shares in the last quarter. Busey Bank boosted its holdings in Vale by 8.5% during the third quarter. Busey Bank now owns 15,901 shares of the basic materials company’s stock worth $173,000 after buying an additional 1,244 shares in the last quarter. Finally, Huntington National Bank grew its position in 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 buying an additional 1,256 shares during the period. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Price Performance

VALE stock opened at $17.18 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. Vale S.A. has a 12-month low of $8.06 and a 12-month high of $17.72. The business’s 50-day moving average is $15.34 and its 200 day moving average is $12.80.

Vale (NYSE:VALE) last announced its earnings results on Thursday, February 12th. The basic materials company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42). Vale had a net margin of 6.12% and a return on equity of 20.16%. As a group, equities analysts expect that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group set a $15.00 target price on shares of Vale and gave the stock a “buy” rating in a research note on Monday, November 3rd. Wall Street Zen cut Vale from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Zacks Research lowered Vale from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. The Goldman Sachs Group boosted their price objective on Vale from $13.80 to $18.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company reaffirmed a “cautious” rating and set a $15.50 target price on shares of Vale in a research note on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.38.

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.