Assetmark Inc. Has $1.16 Million Stock Holdings in Vale S.A. $VALE

Assetmark Inc. trimmed its position in shares of Vale S.A. (NYSE:VALE) by 74.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,609 shares of the basic materials company’s stock after selling 216,728 shares during the period. Assetmark Inc.’s holdings in Vale were worth $1,155,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VALE. Capital World Investors boosted its stake in Vale by 58.2% during the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock worth $1,163,896,000 after buying an additional 32,864,929 shares in the last quarter. GQG Partners LLC raised its stake in shares of Vale by 42.4% in the 4th quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock valued at $848,677,000 after buying an additional 19,397,396 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Vale by 2,239.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock valued at $541,996,000 after buying an additional 39,818,066 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Vale by 16.7% during the 3rd quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock worth $314,526,000 after acquiring an additional 4,151,563 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of Vale by 0.9% during the 4th quarter. Lazard Asset Management LLC now owns 22,480,635 shares of the basic materials company’s stock worth $292,923,000 after acquiring an additional 208,128 shares during the period. Institutional investors own 21.85% of the company’s stock.

Vale Stock Down 0.2%

Shares of NYSE:VALE opened at $14.79 on Friday. The company’s fifty day moving average is $15.34 and its 200-day moving average is $15.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24. Vale S.A. has a 52 week low of $9.36 and a 52 week high of $17.94. The company has a market capitalization of $67.15 billion, a PE ratio of 22.08 and a beta of 0.46.

Vale (NYSE:VALE) last announced its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). Vale had a return on equity of 21.10% and a net margin of 7.21%.The firm had revenue of $9.26 billion for the quarter, compared to analyst estimates of $9.53 billion. Equities research analysts predict that Vale S.A. will post 1.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on VALE. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $19.00 in a research note on Thursday, April 2nd. Wall Street Zen cut shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Scotiabank decreased their price objective on Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a report on Monday, July 20th. Wells Fargo & Company lowered their price objective on Vale from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $16.50 price objective (down from $19.50) on shares of Vale in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Vale currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.31.

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.