Arrowstreet Capital Limited Partnership Has $542 Million Stock Holdings in Vale S.A. $VALE

Arrowstreet Capital Limited Partnership raised its stake in Vale S.A. (NYSE:VALE) by 2,239.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,596,000 shares of the basic materials company’s stock after purchasing an additional 39,818,066 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Vale were worth $541,996,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of VALE. NewEdge Advisors LLC grew its stake in Vale by 4.9% in the first quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock valued at $792,000 after purchasing an additional 3,704 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Vale by 46.6% in the first quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 11,964 shares in the last quarter. Empowered Funds LLC bought a new position in Vale in the first quarter valued at approximately $171,000. Strs Ohio bought a new position in Vale in the first quarter valued at approximately $117,000. Finally, Sivia Capital Partners LLC bought a new position in Vale in the second quarter valued at approximately $123,000. 21.85% of the stock is currently owned by institutional investors.

Insider Transactions at Vale

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

Analyst Ratings Changes

A number of research analysts have weighed in on VALE shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 price target on shares of Vale in a research note on Friday, May 15th. Scotiabank raised their price target on Vale from $16.50 to $18.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 27th. Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $19.00 in a report on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a report on Friday, April 10th. Finally, Barclays lifted their price target on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a report on Monday, March 2nd. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.77.

Vale Trading Up 2.1%

Vale stock opened at $15.68 on Friday. Vale S.A. has a 52 week low of $8.97 and a 52 week high of $17.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24. The stock has a market capitalization of $71.19 billion, a P/E ratio of 23.41 and a beta of 0.46. The stock has a 50-day simple moving average of $16.51 and a 200 day simple moving average of $15.38.

Vale (NYSE:VALE) last posted its quarterly earnings results 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). Vale had a return on equity of 21.10% and a net margin of 7.21%.The business had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.53 billion. Analysts expect that Vale S.A. will post 2.15 earnings per share for the current year.

Vale Company 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.