Caprock Group LLC Has $3.58 Million Stock Position in Vale S.A. $VALE

Caprock Group LLC grew its position in Vale S.A. (NYSE:VALE) by 22.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 270,326 shares of the basic materials company’s stock after buying an additional 48,856 shares during the quarter. Caprock Group LLC’s holdings in Vale were worth $3,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VALE. Mondrian Investment Partners LTD acquired a new position in shares of Vale in the third quarter worth about $123,532,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Vale by 77.8% in the fourth 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. SPX Gestao de Recursos Ltda grew its stake in Vale by 303.8% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 11,068,403 shares of the basic materials company’s stock valued at $120,203,000 after acquiring an additional 8,327,112 shares in the last quarter. Capital World Investors grew its stake in Vale by 13.3% during the 3rd quarter. Capital World Investors now owns 56,457,332 shares of the basic materials company’s stock valued at $613,086,000 after acquiring 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 3rd quarter. Bank of America Corp DE now owns 16,961,051 shares of the basic materials company’s stock valued at $184,197,000 after acquiring an additional 6,332,760 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Stock Performance

Shares of NYSE:VALE opened at $17.14 on Friday. The business’s fifty day moving average price is $16.15 and its two-hundred day moving average price is $14.28. Vale S.A. has a fifty-two week low of $8.97 and a fifty-two week high of $17.94. The stock has a market capitalization of $77.81 billion, a price-to-earnings ratio of 30.61 and a beta of 0.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.78.

Vale (NYSE:VALE) last announced its quarterly earnings results on Friday, February 13th. The basic materials company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42). Vale had a net margin of 6.12% and a return on equity of 20.16%. The company had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.86 billion. As a group, analysts predict that Vale S.A. will post 2.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays lifted their target price on 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 Vale from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vale in a research note on Friday, April 10th. Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, The Goldman Sachs Group lifted their price target on Vale from $13.80 to $18.00 and gave the company a “buy” rating in a report on Friday, January 30th. One equities research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.02.

Insiders Place Their Bets

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

About Vale

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.