Vale S.A. $VALE Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. cut its stake in shares of Vale S.A. (NYSE:VALE) by 87.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,503 shares of the basic materials company’s stock after selling 188,621 shares during the period. Capital Group Private Client Services Inc.’s holdings in Vale were worth $288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VALE. Assenagon Asset Management S.A. purchased a new stake in shares of Vale in the third quarter worth about $20,754,000. Advisory Resource Group purchased a new stake in shares of Vale during the 3rd quarter valued at about $1,434,000. Ninety One North America Inc. raised its holdings in shares of Vale by 35.6% during the 3rd quarter. Ninety One North America Inc. now owns 3,377,582 shares of the basic materials company’s stock valued at $36,681,000 after buying an additional 886,214 shares during the period. Lazard Asset Management LLC lifted its position in Vale by 5.3% during the 2nd quarter. Lazard Asset Management LLC now owns 20,080,222 shares of the basic materials company’s stock worth $194,978,000 after acquiring an additional 1,002,588 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its position in Vale by 493.9% during the 3rd 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 in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Stock Performance

Vale stock opened at $15.35 on Thursday. The company has a fifty day moving average price of $15.75 and a two-hundred day moving average price of $13.12. The company has a quick ratio of 0.78, a current ratio of 1.15 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.

Vale (NYSE:VALE) last issued its earnings results on Thursday, February 12th. 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 return on equity of 20.16% and a net margin of 6.12%. On average, equities analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

VALE has been the subject of several recent research reports. Bank of America downgraded shares of Vale from a “buy” rating to a “neutral” rating and increased their price objective for the company from $17.00 to $18.00 in a research report on Thursday, February 26th. Barclays raised their price target on shares of Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a report on Monday, March 2nd. UBS Group boosted their price objective on shares of Vale from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Royal Bank Of Canada raised shares of Vale from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $11.00 to $14.20 in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Vale in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Vale currently has a consensus rating of “Moderate Buy” and an average price target of $14.46.

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.