Massachusetts Financial Services Co. MA Has $139.07 Million Stock Position in Vale S.A. (NYSE:VALE)

Massachusetts Financial Services Co. MA raised its position in Vale S.A. (NYSE:VALE - Free Report) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,906,975 shares of the basic materials company's stock after acquiring an additional 53,061 shares during the period. Massachusetts Financial Services Co. MA owned about 0.27% of Vale worth $139,073,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its holdings in shares of Vale by 15.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 238,220 shares of the basic materials company's stock worth $2,782,000 after acquiring an additional 32,462 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Vale by 6.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company's stock worth $92,868,000 after purchasing an additional 468,432 shares during the period. Jennison Associates LLC bought a new position in Vale during the third quarter worth about $4,606,000. Northwest Bancshares Inc. acquired a new stake in Vale during the third quarter valued at approximately $4,663,000. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Vale by 62.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 108,774 shares of the basic materials company's stock valued at $1,270,000 after purchasing an additional 41,800 shares during the period. Institutional investors own 21.85% of the company's stock.

Vale Trading Up 0.6 %

Shares of VALE traded up $0.06 during trading hours on Friday, hitting $10.02. 19,121,394 shares of the stock traded hands, compared to its average volume of 31,259,516. The business has a fifty day moving average of $10.76 and a 200-day moving average of $11.02. 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 firm has a market capitalization of $44.92 billion, a PE ratio of 4.64, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94. Vale S.A. has a 1-year low of $9.66 and a 1-year high of $16.08.

Vale (NYSE:VALE - Get Free Report) last issued its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. The company had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter last year, the firm earned $0.66 EPS. Analysts expect that Vale S.A. will post 2.12 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley cut their target price on Vale from $16.00 to $15.50 and set an "overweight" rating for the company in a research report on Thursday, September 19th. JPMorgan Chase & Co. reduced their target price on shares of Vale from $16.50 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, September 23rd. Scotiabank lowered their target price on shares of Vale from $16.00 to $14.00 and set a "sector perform" rating on the stock in a report on Wednesday. UBS Group downgraded shares of Vale from a "buy" rating to a "neutral" rating and cut their price target for the company from $14.00 to $11.50 in a report on Monday, November 11th. Finally, Wolfe Research cut shares of Vale from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Vale presently has a consensus rating of "Hold" and a consensus target price of $15.13.

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.