Aberdeen Group plc Acquires 66,896 Shares of Vale S.A. $VALE

Aberdeen Group plc lifted its holdings in Vale S.A. (NYSE:VALE) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,838,991 shares of the basic materials company’s stock after acquiring an additional 66,896 shares during the quarter. Aberdeen Group plc’s holdings in Vale were worth $36,992,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in shares of Vale by 4.9% in the first quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after buying an additional 3,704 shares during the period. Jones Financial Companies Lllp increased its position in shares of Vale by 46.6% in the first quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 11,964 shares during the period. Empowered Funds LLC bought a new position in shares of Vale during the first quarter valued at about $171,000. Strs Ohio bought a new position in shares of Vale during the first quarter valued at about $117,000. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Vale during the second quarter worth about $123,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank Of Canada cut Vale from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $14.50 to $15.50 in a research note on Thursday, March 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vale in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on Vale from $17.50 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, March 26th. Bank of America upgraded 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 report on Thursday. Finally, UBS Group lifted their price target on shares of Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.25.

Vale Stock Down 0.0%

VALE stock opened at $16.18 on Friday. The business has a 50 day moving average of $16.00 and a 200 day moving average of $13.68. The firm has a market cap of $73.45 billion, a PE ratio of 28.90 and a beta of 0.53. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $17.72. 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 (NYSE:VALE) last announced 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). The firm had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.86 billion. Vale had a return on equity of 20.16% and a net margin of 6.12%. On average, research analysts forecast that Vale S.A. will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Parenti Grazielle Tallia purchased 10,464 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were purchased at an average price of $16.11 per share, for a total transaction of $168,575.04. Following the completion of the acquisition, the insider directly owned 10,464 shares in the company, valued at $168,575.04. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sobrinho Sami Arap purchased 12,990 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The shares were purchased at an average cost of $16.11 per share, with a total value of $209,268.90. Following the transaction, the vice president directly owned 12,990 shares of the company’s stock, valued at $209,268.90. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

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.