Nomura Asset Management Co. Ltd. Cuts Stock Holdings in Vale S.A. (NYSE:VALE)

Nomura Asset Management Co. Ltd. lowered its position in Vale S.A. (NYSE:VALEFree Report) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,230 shares of the basic materials company’s stock after selling 10,167 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Vale were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. lifted its position in Vale by 21.1% in the third quarter. Invesco Ltd. now owns 17,752,878 shares of the basic materials company’s stock valued at $237,889,000 after purchasing an additional 3,092,376 shares during the last quarter. RWC Asset Advisors US LLC lifted its position in Vale by 0.7% in the fourth quarter. RWC Asset Advisors US LLC now owns 10,837,103 shares of the basic materials company’s stock valued at $171,876,000 after purchasing an additional 75,726 shares during the last quarter. Wellington Management Group LLP lifted its position in Vale by 1.1% in the third quarter. Wellington Management Group LLP now owns 10,090,415 shares of the basic materials company’s stock valued at $135,212,000 after purchasing an additional 111,826 shares during the last quarter. Oaktree Capital Management LP lifted its position in Vale by 11.7% in the third quarter. Oaktree Capital Management LP now owns 8,694,367 shares of the basic materials company’s stock valued at $116,505,000 after purchasing an additional 911,385 shares during the last quarter. Finally, Ninety One UK Ltd lifted its position in Vale by 36.0% in the fourth quarter. Ninety One UK Ltd now owns 8,396,322 shares of the basic materials company’s stock valued at $133,166,000 after purchasing an additional 2,220,317 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Shares of Vale stock opened at $12.06 on Friday. The stock has a 50 day moving average price of $12.32 and a 200-day moving average price of $13.56. Vale S.A. has a one year low of $11.52 and a one year high of $16.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 1.12. The stock has a market cap of $54.04 billion, a price-to-earnings ratio of 6.66, a price-to-earnings-growth ratio of 5.36 and a beta of 0.97.

Vale (NYSE:VALEGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Vale had a net margin of 18.72% and a return on equity of 19.59%. The business had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Equities analysts expect that Vale S.A. will post 2.18 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group upgraded Vale from a “neutral” rating to a “buy” rating and upped their target price for the company from $13.00 to $15.00 in a report on Tuesday, May 7th. JPMorgan Chase & Co. cut their target price on Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Vale in a research report on Monday, February 12th. Finally, Bank of America reaffirmed a “neutral” rating and set a $13.00 price objective (down from $20.00) on shares of Vale in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.67.

Check Out Our Latest Report on VALE

Vale Company Profile

(Free Report)

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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