Abbington Investment Group Has $2.31 Million Stock Holdings in Vale S.A. $VALE

Abbington Investment Group grew its holdings in Vale S.A. (NYSE:VALE) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 176,989 shares of the basic materials company’s stock after buying an additional 29,290 shares during the quarter. Vale makes up 1.6% of Abbington Investment Group’s portfolio, making the stock its 21st largest position. Abbington Investment Group’s holdings in Vale were worth $2,306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. bought a new stake in shares of Vale during the third quarter worth $20,754,000. Advisory Resource Group bought a new stake in shares of Vale during the third quarter worth $1,434,000. Ninety One North America Inc. raised its position in shares of Vale by 35.6% during the third quarter. Ninety One North America Inc. now owns 3,377,582 shares of the basic materials company’s stock worth $36,681,000 after acquiring an additional 886,214 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in shares of Vale by 493.9% during the third quarter. Campbell & CO Investment Adviser LLC now owns 308,126 shares of the basic materials company’s stock worth $3,346,000 after acquiring an additional 256,244 shares during the last quarter. Finally, Kawa Capital Management Inc raised its position in shares of Vale by 50.0% during the third quarter. Kawa Capital Management Inc now owns 1,020,000 shares of the basic materials company’s stock worth $11,077,000 after acquiring an additional 340,000 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vale

In other news, insider Parenti Grazielle Tallia bought 10,464 shares of the 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 $168,575.04. Following the completion of the purchase, 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 at the SEC website. Also, VP Sobrinho Sami Arap bought 12,990 shares of the 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 $209,268.90. Following the purchase, the vice president directly owned 12,990 shares of the company’s stock, valued at approximately $209,268.90. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing.

Vale Stock Performance

Shares of Vale stock opened at $17.68 on Wednesday. The firm has a fifty day moving average of $16.05 and a two-hundred day moving average of $14.00. The stock has a market capitalization of $80.25 billion, a price-to-earnings ratio of 31.57 and a beta of 0.53. Vale S.A. has a 52 week low of $8.93 and a 52 week high of $17.77. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 1.15.

Vale (NYSE:VALE) last issued its earnings results on Friday, February 13th. The basic materials company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.52 by ($1.42). The business 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 predict that Vale S.A. will post 1.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VALE. JPMorgan Chase & Co. boosted their target price on Vale from $18.00 to $18.50 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Zacks Research downgraded Vale from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Wells Fargo & Company restated a “cautious” rating and set a $15.50 target price on shares of Vale in a research report on Monday, February 16th. Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, Scotiabank restated a “sector perform” rating and set a $16.50 target price on shares of Vale in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.91.

Vale 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.