SG Americas Securities LLC Buys 402,921 Shares of Vale S.A. $VALE

SG Americas Securities LLC raised its stake in Vale S.A. (NYSE:VALE) by 99.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 808,326 shares of the basic materials company’s stock after acquiring an additional 402,921 shares during the period. SG Americas Securities LLC’s holdings in Vale were worth $10,532,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of VALE. Invesco Ltd. increased its position in shares of Vale by 1,534.8% in the second quarter. Invesco Ltd. now owns 24,810,285 shares of the basic materials company’s stock worth $240,908,000 after purchasing an additional 23,292,629 shares during the period. Mondrian Investment Partners LTD acquired a new position in Vale in the third quarter valued at about $123,532,000. SPX Gestao de Recursos Ltda lifted its position in Vale by 303.8% during the third quarter. SPX Gestao de Recursos Ltda now owns 11,068,403 shares of the basic materials company’s stock worth $120,203,000 after purchasing an additional 8,327,112 shares during the period. Capital World Investors grew its stake in Vale by 13.3% during the third 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 in the last quarter. Finally, Bank of America Corp DE grew its stake in Vale by 59.6% during the third quarter. Bank of America Corp DE now owns 16,961,051 shares of the basic materials company’s stock worth $184,197,000 after buying an additional 6,332,760 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on VALE. Weiss Ratings reissued a “hold (c-)” rating on shares of Vale in a report on Monday, December 29th. Scotiabank reiterated a “sector perform” rating and set a $16.50 price target on shares of Vale in a research report on Monday, February 9th. Bank of America cut shares of Vale from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $17.00 to $18.00 in a research note on Thursday, February 26th. Barclays boosted their price objective on shares of Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.18.

Vale Stock Down 0.0%

VALE stock opened at $15.03 on Monday. The stock has a market capitalization of $68.20 billion, a P/E ratio of 26.83 and a beta of 0.52. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $17.72. The firm has a 50-day moving average price of $15.95 and a 200-day moving average price of $13.52.

Vale (NYSE:VALE) last announced its quarterly earnings results on Friday, February 13th. The basic materials company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($1.42). The company had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.86 billion. Vale had a net margin of 6.12% and a return on equity of 20.16%. As a group, equities research analysts anticipate that Vale S.A. will post 1.85 EPS for the current fiscal 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.