Fisher Asset Management LLC Raises Stock Holdings in Vale S.A. (NYSE:VALE)

Fisher Asset Management LLC grew its position in shares of Vale S.A. (NYSE:VALEFree Report) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,162,145 shares of the basic materials company’s stock after acquiring an additional 30,257 shares during the quarter. Fisher Asset Management LLC owned about 0.41% of Vale worth $288,052,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VALE. Atria Wealth Solutions Inc. purchased a new position in Vale in the third quarter worth about $440,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Vale by 5.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 613,093 shares of the basic materials company’s stock worth $8,016,000 after purchasing an additional 32,460 shares during the period. Kestra Advisory Services LLC increased its position in shares of Vale by 50.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 58,596 shares of the basic materials company’s stock valued at $785,000 after purchasing an additional 19,597 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Vale during the 3rd quarter valued at $542,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Vale in the third quarter worth $269,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Stock Down 0.5 %

Shares of VALE traded down $0.06 during midday trading on Friday, reaching $11.26. 16,160,478 shares of the stock were exchanged, compared to its average volume of 24,861,486. The company has a market capitalization of $50.48 billion, a P/E ratio of 6.22, a PEG ratio of 4.98 and a beta of 0.98. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. Vale S.A. has a 52 week low of $11.07 and a 52 week high of $16.08. The company’s 50 day moving average is $12.19 and its two-hundred day moving average is $13.27.

Vale (NYSE:VALEGet Free Report) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Vale had a return on equity of 19.59% and a net margin of 18.72%. The business had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.35 billion. On average, sell-side analysts anticipate that Vale S.A. will post 2.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Bank of America reissued a “neutral” rating and issued a $13.00 price objective (down from $20.00) on shares of Vale in a research report on Tuesday, April 9th. Barclays upped their target price on Vale from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. StockNews.com assumed coverage on Vale in a research note on Saturday, March 30th. They set a “buy” rating for the company. Finally, UBS Group raised Vale from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.00 to $15.00 in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.67.

Check Out Our Latest Research Report on VALE

Vale Profile

(Free Report)

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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