Squadra Investments Gestao DE Recursos LTDA. Takes Position in Vale S.A. $VALE

Squadra Investments Gestao DE Recursos LTDA. purchased a new position in shares of Vale S.A. (NYSE:VALE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 240,000 shares of the basic materials company’s stock, valued at approximately $3,818,000. Vale comprises about 0.4% of Squadra Investments Gestao DE Recursos LTDA.’s holdings, making the stock its 6th largest holding.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in Vale by 4.9% in the first quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after acquiring an additional 3,704 shares during the period. Jones Financial Companies Lllp raised its position 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 during the period. Empowered Funds LLC acquired a new position in shares of Vale in the 1st quarter valued at $171,000. Strs Ohio acquired a new position in shares of Vale in the 1st quarter valued at $117,000. Finally, Sivia Capital Partners LLC purchased a new position in shares of Vale during the 2nd quarter worth $123,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VALE. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 price objective on shares of Vale in a report on Friday, May 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. The Goldman Sachs Group cut shares of Vale from a “buy” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $16.00 in a research report on Monday. Wall Street Zen downgraded shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vale in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Vale currently has a consensus rating of “Hold” and a consensus price target of $16.15.

Vale Stock Down 0.1%

VALE stock opened at $14.77 on Tuesday. The company’s 50 day moving average price is $15.31 and its 200 day moving average price is $15.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24. Vale S.A. has a fifty-two week low of $9.36 and a fifty-two week high of $17.94. The firm has a market capitalization of $67.03 billion, a price-to-earnings ratio of 22.04 and a beta of 0.46.

Vale (NYSE:VALE) last issued its 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). The firm had revenue of $9.26 billion for the quarter, compared to analyst estimates of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. On average, equities research analysts anticipate that Vale S.A. will post 1.91 EPS for the current fiscal 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.