Vale S.A. (NYSE:VALE) Stake Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 10.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,404,942 shares of the basic materials company's stock after acquiring an additional 1,682,544 shares during the period. Fisher Asset Management LLC owned approximately 0.39% of Vale worth $203,290,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. acquired a new stake in Vale during the 2nd quarter worth approximately $27,000. Lowe Wealth Advisors LLC purchased a new position in shares of Vale in the 2nd quarter valued at $45,000. Keynote Financial Services LLC acquired a new position in shares of Vale during the 1st quarter valued at $126,000. Phillips Wealth Planners LLC purchased a new stake in Vale during the 3rd quarter worth $118,000. Finally, Vawter Financial Ltd. acquired a new stake in Vale in the 2nd quarter valued at $124,000. Hedge funds and other institutional investors own 21.85% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VALE shares. Wolfe Research downgraded Vale from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, October 9th. Scotiabank decreased their price target on Vale from $16.00 to $14.00 and set a "sector perform" rating for the company in a report on Wednesday, November 20th. StockNews.com began coverage on shares of Vale in a research note on Friday, October 18th. They set a "buy" rating on the stock. JPMorgan Chase & Co. decreased their target price on shares of Vale from $16.50 to $15.00 and set an "overweight" rating for the company in a research note on Monday, September 23rd. Finally, Morgan Stanley lowered their price target on shares of Vale from $16.00 to $15.50 and set an "overweight" rating for the company in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Vale currently has a consensus rating of "Hold" and an average target price of $15.13.

Vale Price Performance

VALE stock traded down $0.18 during trading hours on Tuesday, hitting $9.90. 23,540,945 shares of the stock traded hands, compared to its average volume of 27,416,744. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The stock has a 50-day simple moving average of $10.75 and a 200 day simple moving average of $11.00. Vale S.A. has a one year low of $9.66 and a one year high of $16.08. The company has a market cap of $44.36 billion, a P/E ratio of 4.66, a P/E/G ratio of 0.27 and a beta of 0.94.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The company had revenue of $9.55 billion for the quarter, compared to analysts' expectations of $9.61 billion. During the same quarter in the previous year, the company posted $0.66 EPS. Equities analysts forecast that Vale S.A. will post 2.12 earnings per share for the current year.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.