World Investment Advisors LLC Boosts Stake in Vale S.A. (NYSE:VALE)

World Investment Advisors LLC raised its holdings in shares of Vale S.A. (NYSE:VALE) by 89.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,376 shares of the basic materials company’s stock after purchasing an additional 9,161 shares during the quarter. World Investment Advisors LLC’s holdings in Vale were worth $226,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Stock Yards Bank & Trust Co. lifted its position in shares of Vale by 16.8% during the third quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company’s stock worth $140,000 after purchasing an additional 1,725 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Vale by 0.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,007,410 shares of the basic materials company’s stock valued at $23,446,000 after buying an additional 14,100 shares in the last quarter. Impala Asset Management LLC boosted its position in Vale by 6.7% in the 3rd quarter. Impala Asset Management LLC now owns 160,000 shares of the basic materials company’s stock valued at $1,869,000 after buying an additional 10,000 shares during the period. Public Employees Retirement System of Ohio bought a new position in Vale in the 3rd quarter worth about $10,148,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Vale during the third quarter worth approximately $13,233,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Stock Performance

VALE stock opened at $8.78 on Friday. Vale S.A. has a one year low of $8.69 and a one year high of $16.08. The firm has a market cap of $39.36 billion, a price-to-earnings ratio of 4.06, a PEG ratio of 0.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The firm has a 50-day simple moving average of $10.16 and a two-hundred day simple moving average of $10.65.

Vale (NYSE:VALE) last posted its earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The company had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. On average, equities analysts forecast that Vale S.A. will post 2.08 EPS for the current fiscal year.

Analyst Ratings Changes

VALE has been the subject of a number of research reports. Scotiabank lowered their price target on Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, November 20th. StockNews.com began coverage on Vale in a report on Friday, December 13th. They issued a “buy” rating for the company. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and cut their price target for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Morgan Stanley lowered shares of Vale from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Finally, Wolfe Research lowered shares of Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.38.

About Vale

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.