Thrivent Financial for Lutherans Reduces Stock Holdings in Vale S.A. $VALE

Thrivent Financial for Lutherans lowered its position in Vale S.A. (NYSE:VALE) by 28.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 378,799 shares of the basic materials company’s stock after selling 147,234 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vale were worth $4,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VALE. Mondrian Investment Partners LTD purchased a new stake in shares of Vale in the third quarter valued at about $123,532,000. Robeco Institutional Asset Management B.V. lifted 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 valued at $271,145,000 after buying an additional 9,103,727 shares during the last quarter. SPX Gestao de Recursos Ltda lifted 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 valued at $120,203,000 after buying an additional 8,327,112 shares during the last quarter. Truist Financial Corp lifted 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 valued at $105,662,000 after buying an additional 8,059,415 shares during the last quarter. Finally, Capital World Investors lifted 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 valued at $613,086,000 after buying an additional 6,643,125 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research firms have commented on VALE. UBS Group upped their target price on shares of Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, March 27th. JPMorgan Chase & Co. upped their target price on shares of Vale from $18.00 to $18.50 and gave the company an “overweight” rating in a research report on Friday, April 10th. Wall Street Zen raised shares of Vale from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Royal Bank Of Canada cut shares of Vale from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $14.50 to $15.50 in a research report on Thursday, March 12th. Finally, Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $19.00 in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Vale has a consensus rating of “Moderate Buy” and an average target price of $16.46.

Vale Stock Up 0.8%

VALE stock opened at $16.49 on Friday. 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 S.A. has a twelve month low of $8.97 and a twelve month high of $17.94. The company’s 50 day moving average is $16.22 and its two-hundred day moving average is $14.98. The stock has a market cap of $74.83 billion, a P/E ratio of 24.60 and a beta of 0.46.

Vale (NYSE:VALE) last released its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share 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 company had revenue of $9.26 billion for the quarter, compared to analyst estimates of $9.53 billion. Research analysts expect that Vale S.A. will post 2.12 earnings per share 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.