Vale S.A. $VALE Stock Position Lowered by Longfellow Investment Management Co. LLC

Longfellow Investment Management Co. LLC lessened its holdings in Vale S.A. (NYSE:VALE) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,430 shares of the basic materials company’s stock after selling 36,655 shares during the period. Vale comprises approximately 0.7% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 18th biggest position. Longfellow Investment Management Co. LLC’s holdings in Vale were worth $3,120,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Vale by 77.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock worth $271,145,000 after buying an additional 9,103,727 shares during the period. Aberdeen Group plc boosted its position in Vale by 2.4% during the fourth quarter. Aberdeen Group plc now owns 2,838,991 shares of the basic materials company’s stock valued at $36,992,000 after purchasing an additional 66,896 shares during the last quarter. Surience Private Wealth LLC acquired a new stake in Vale during the fourth quarter valued at $2,218,000. Euro Pacific Asset Management LLC boosted its position in Vale by 575.2% during the fourth quarter. Euro Pacific Asset Management LLC now owns 488,718 shares of the basic materials company’s stock valued at $6,368,000 after purchasing an additional 416,339 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in Vale during the third quarter valued at $2,352,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Price Performance

Shares of NYSE:VALE opened at $15.20 on Friday. Vale S.A. has a fifty-two week low of $8.97 and a fifty-two week high of $17.94. The business has a 50-day moving average of $16.53 and a two-hundred day moving average of $15.27. The stock has a market capitalization of $68.97 billion, a P/E ratio of 22.68 and a beta of 0.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Vale from $18.50 to $19.50 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Wall Street Zen cut Vale from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Bank of America raised Vale from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $19.00 in a research report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price objective on shares of Vale in a research report on Friday, May 15th. Finally, Barclays boosted their price target on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.65.

Insider Transactions at Vale

In other Vale news, VP Sobrinho Sami Arap acquired 12,990 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were acquired at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the completion of the purchase, the vice president owned 12,990 shares of the company’s stock, valued at approximately $209,268.90. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Parenti Grazielle Tallia acquired 10,464 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was acquired at an average price of $16.11 per share, for a total transaction of $168,575.04. Following the completion of the purchase, the insider directly owned 10,464 shares of the company’s stock, valued at $168,575.04. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing.

Vale Company 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.