GSA Capital Partners LLP Has $1.63 Million Stock Position in Vale S.A. $VALE

GSA Capital Partners LLP lifted its holdings in shares of Vale S.A. (NYSE:VALE) by 54.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 124,869 shares of the basic materials company’s stock after purchasing an additional 43,924 shares during the quarter. GSA Capital Partners LLP’s holdings in Vale were worth $1,627,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Mondrian Investment Partners LTD acquired a new position in shares of Vale during the 3rd quarter worth about $123,532,000. Robeco Institutional Asset Management B.V. boosted its stake in Vale by 77.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock valued at $271,145,000 after purchasing an additional 9,103,727 shares during the period. SPX Gestao de Recursos Ltda grew its holdings in Vale by 303.8% in the 3rd quarter. SPX Gestao de Recursos Ltda now owns 11,068,403 shares of the basic materials company’s stock valued at $120,203,000 after buying an additional 8,327,112 shares during the last quarter. Truist Financial Corp grew its holdings in Vale by 16,205.4% in the 4th quarter. Truist Financial Corp now owns 8,109,148 shares of the basic materials company’s stock valued at $105,662,000 after buying an additional 8,059,415 shares during the last quarter. Finally, Capital World Investors increased its position in Vale by 13.3% in the 3rd quarter. Capital World Investors now owns 56,457,332 shares of the basic materials company’s stock worth $613,086,000 after buying an additional 6,643,125 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Down 1.9%

Vale stock opened at $16.01 on Wednesday. The business has a 50 day moving average price of $16.18 and a two-hundred day moving average price of $14.92. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. The stock has a market cap of $72.65 billion, a price-to-earnings ratio of 23.89 and a beta of 0.46. Vale S.A. has a 12 month low of $8.97 and a 12 month high of $17.94.

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 the consensus estimate of $0.52 by ($0.08). The firm had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. As a group, equities analysts forecast that Vale S.A. will post 2.12 EPS for the current year.

Analyst Upgrades and Downgrades

VALE has been the subject of several research reports. Wells Fargo & Company reduced their price objective on Vale from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Zacks Research lowered shares of Vale from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Scotiabank reiterated a “sector perform” rating and set a $16.50 target price on shares of Vale in a research note on Monday, February 9th. JPMorgan Chase & Co. increased their price target on shares of Vale from $18.00 to $18.50 and gave the company an “overweight” rating in a report on Friday, April 10th. Finally, Barclays raised 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.46.

Insider Activity at Vale

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

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.