Fisher Asset Management LLC Sells 145,128 Shares of Vale S.A. $VALE

Fisher Asset Management LLC lessened its position in Vale S.A. (NYSE:VALE) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,597,376 shares of the basic materials company’s stock after selling 145,128 shares during the period. Fisher Asset Management LLC’s holdings in Vale were worth $281,414,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in Vale in the 4th quarter worth $26,000. Cary Street Partners Investment Advisory LLC grew its holdings in Vale by 60.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,030 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in Vale by 15,360.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 3,072 shares during the last quarter. Triumph Capital Management bought a new stake in Vale in the 3rd quarter worth $34,000. Finally, Huntington National Bank grew its holdings in Vale by 36.3% in the 3rd quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 1,256 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Insider Transactions at Vale

In other Vale news, VP Sobrinho Sami Arap purchased 12,990 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was bought at an average cost of $16.11 per share, with a total value of $209,268.90. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Parenti Grazielle Tallia purchased 10,464 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were acquired at an average cost of $16.11 per share, with a total value of $168,575.04. Following the completion of the transaction, the insider owned 10,464 shares in the company, valued at $168,575.04. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Vale in a report on Friday, April 10th. Morgan Stanley raised their target price on shares of Vale from $18.00 to $19.50 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Zacks Research cut shares of Vale from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Wall Street Zen raised shares of Vale from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Vale from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $16.54.

Vale Trading Down 0.2%

NYSE:VALE opened at $16.46 on Tuesday. The company has a 50-day moving average price of $16.27 and a 200-day moving average price of $15.04. Vale S.A. has a 12 month low of $8.97 and a 12 month high of $17.94. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The stock has a market cap of $74.69 billion, a price-to-earnings ratio of 24.56 and a beta of 0.46.

Vale (NYSE:VALE) last posted 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 company had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Equities analysts predict that Vale S.A. will post 2.12 EPS 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.