Vale S.A. $VALE Shares Sold by Capital International Investors

Capital International Investors lowered its stake in Vale S.A. (NYSE:VALE) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,642,423 shares of the basic materials company’s stock after selling 18,572,964 shares during the quarter. Capital International Investors’ holdings in Vale were worth $360,298,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of VALE. Mondrian Investment Partners LTD acquired a new stake in Vale in the third quarter worth about $123,532,000. Robeco Institutional Asset Management B.V. raised its position in 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 acquiring an additional 9,103,727 shares in the last quarter. SPX Gestao de Recursos Ltda raised its position in Vale by 303.8% in the third quarter. SPX Gestao de Recursos Ltda now owns 11,068,403 shares of the basic materials company’s stock worth $120,203,000 after acquiring an additional 8,327,112 shares in the last quarter. Truist Financial Corp raised its position in Vale by 16,205.4% in the fourth quarter. Truist Financial Corp now owns 8,109,148 shares of the basic materials company’s stock worth $105,662,000 after acquiring an additional 8,059,415 shares in the last quarter. Finally, Capital World Investors raised its position in Vale by 13.3% in the third quarter. Capital World Investors now owns 56,457,332 shares of the basic materials company’s stock worth $613,086,000 after acquiring an additional 6,643,125 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen cut shares of Vale from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Wells Fargo & Company dropped their price target on shares of Vale from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. UBS Group boosted their price target on shares of Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Barclays boosted their price target on shares of Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.65.

Vale Price Performance

VALE stock opened at $15.20 on Monday. Vale S.A. has a one year low of $8.97 and a one year high of $17.94. The firm has a 50-day moving average of $16.53 and a two-hundred day moving average of $15.29. The firm has a market capitalization of $68.97 billion, a PE ratio of 22.68 and a beta of 0.46. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48.

Vale (NYSE:VALE) last announced its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). Vale had a return on equity of 21.10% and a net margin of 7.21%.The firm had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. On average, analysts forecast that Vale S.A. will post 2.15 earnings per share for the current year.

About Vale

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.