Kapitalo Investimentos Ltda Makes New Investment in Vale S.A. $VALE

Kapitalo Investimentos Ltda bought a new position in Vale S.A. (NYSE:VALE) in the first quarter, Holdings Channel reports. The firm bought 657,036 shares of the basic materials company’s stock, valued at approximately $10,453,000. Vale makes up about 2.0% of Kapitalo Investimentos Ltda’s investment portfolio, making the stock its 17th largest position.

Other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new position in shares of Vale during the 4th quarter worth $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its stake in Vale by 128.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 1,155 shares during the period. Bruce G. Allen Investments LLC bought a new stake in Vale in the 4th quarter valued at about $33,000. Triumph Capital Management purchased a new stake in Vale during the third quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Vale by 15,360.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 3,072 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

VALE has been the subject of several recent research reports. Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $18.00 to $19.00 in a research note on Thursday, April 2nd. Scotiabank cut their price objective on shares of Vale from $19.00 to $16.00 and set a “sector perform” rating for the company in a report on Monday. Morgan Stanley reiterated an “equal weight” rating and issued a $16.50 price objective (down from $19.50) on shares of Vale in a research note on Wednesday, July 8th. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised their price target on Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.31.

Vale Trading Down 0.7%

Shares of VALE opened at $14.10 on Tuesday. Vale S.A. has a twelve month low of $9.36 and a twelve month high of $17.94. The stock has a market cap of $63.98 billion, a PE ratio of 21.04 and a beta of 0.46. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $15.50 and its 200-day moving average price is $15.77.

Vale (NYSE:VALE) last released its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. On average, equities analysts forecast that Vale S.A. will post 1.98 EPS for the current fiscal year.

Vale 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.