Assetmark Inc. Has $3.77 Million Stake in Vale S.A. $VALE

Assetmark Inc. increased its position in shares of Vale S.A. (NYSE:VALE) by 11.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 289,337 shares of the basic materials company’s stock after acquiring an additional 28,562 shares during the period. Assetmark Inc.’s holdings in Vale were worth $3,770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VALE. Capital World Investors boosted its stake in shares of Vale by 13.3% during 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 purchasing an additional 6,643,125 shares in the last quarter. Capital International Investors increased its stake in shares of Vale by 4.3% in the third quarter. Capital International Investors now owns 46,215,387 shares of the basic materials company’s stock valued at $501,715,000 after buying an additional 1,910,266 shares during the period. Invesco Ltd. raised its holdings in Vale by 16.7% in the 3rd quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock valued at $314,526,000 after buying an additional 4,151,563 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Vale by 10.9% in the 3rd quarter. Lazard Asset Management LLC now owns 22,272,507 shares of the basic materials company’s stock valued at $241,879,000 after buying an additional 2,192,285 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Vale by 77.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock worth $271,145,000 after buying an additional 9,103,727 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

VALE has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Vale from $15.50 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday. Barclays raised their price target on shares of Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Zacks Research cut shares of Vale from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Bank of America raised Vale from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.00 to $19.00 in a research report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Vale currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.02.

Vale Stock Performance

NYSE:VALE opened at $17.81 on Monday. 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 S.A. has a fifty-two week low of $8.97 and a fifty-two week high of $17.94. The company has a 50 day simple moving average of $16.12 and a two-hundred day simple moving average of $14.14. The company has a market capitalization of $80.84 billion, a PE ratio of 31.80 and a beta of 0.53.

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

Insiders Place Their Bets

In other Vale news, VP Sobrinho Sami Arap purchased 12,990 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was purchased at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the acquisition, the vice president owned 12,990 shares in the company, valued at approximately $209,268.90. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Parenti Grazielle Tallia purchased 10,464 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were acquired at an average price of $16.11 per share, with a total value of $168,575.04. Following the completion of the acquisition, the insider owned 10,464 shares in the company, valued at approximately $168,575.04. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing.

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.