Nationwide Fund Advisors lifted its holdings in shares of Vale SA (NYSE:VALE) by 62.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 293,222 shares of the basic materials company’s stock after buying an additional 113,222 shares during the period. Nationwide Fund Advisors’ holdings in Vale were worth $2,953,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of VALE. Fisher Asset Management LLC acquired a new stake in Vale in the 3rd quarter valued at about $3,896,000. Eqis Capital Management Inc. lifted its stake in Vale by 606.8% in the 3rd quarter. Eqis Capital Management Inc. now owns 71,067 shares of the basic materials company’s stock valued at $716,000 after purchasing an additional 61,012 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Vale in the 2nd quarter valued at about $2,611,000. Verition Fund Management LLC acquired a new stake in Vale in the 2nd quarter valued at about $107,000. Finally, Capital Innovations LLC lifted its stake in Vale by 82.8% in the 2nd quarter. Capital Innovations LLC now owns 40,200 shares of the basic materials company’s stock valued at $352,000 after purchasing an additional 18,210 shares during the last quarter. Institutional investors own 18.89% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Vale from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Wednesday, October 18th. Macquarie upgraded shares of Vale from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 21st. BMO Capital Markets set a $11.00 target price on shares of Vale and gave the company a “hold” rating in a research note on Thursday, December 7th. Morgan Stanley assumed coverage on shares of Vale in a research note on Monday, September 25th. They issued a “weight” rating for the company. Finally, Royal Bank of Canada set a $15.00 target price on shares of Vale and gave the company a “buy” rating in a research note on Tuesday, December 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Vale has a consensus rating of “Buy” and an average price target of $11.08.

Vale SA (NYSE VALE) opened at $11.56 on Wednesday. Vale SA has a fifty-two week low of $7.47 and a fifty-two week high of $11.72. The company has a market cap of $60,263.88, a P/E ratio of 7.60, a PEG ratio of 0.78 and a beta of 1.57. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.52.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.15. Vale had a net margin of 15.25% and a return on equity of 19.02%. The company had revenue of $9.05 billion for the quarter. research analysts predict that Vale SA will post 1.21 EPS for the current fiscal year.

The firm also recently announced a None dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Tuesday, December 26th will be issued a dividend of $0.098 per share. The ex-dividend date is Friday, December 22nd. Vale’s dividend payout ratio is presently 23.76%.

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Vale Company Profile

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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