International Assets Investment Management LLC Acquires 228,890 Shares of Vale S.A. (NYSE:VALE)

International Assets Investment Management LLC increased its stake in Vale S.A. (NYSE:VALE - Free Report) by 1,680.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 242,514 shares of the basic materials company's stock after buying an additional 228,890 shares during the quarter. International Assets Investment Management LLC's holdings in Vale were worth $2,833,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in VALE. SPX Gestao de Recursos Ltda raised its stake in shares of Vale by 60.6% in the second quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company's stock valued at $245,404,000 after buying an additional 8,288,112 shares during the period. Lazard Asset Management LLC increased its holdings in Vale by 4.1% in the 1st quarter. Lazard Asset Management LLC now owns 12,269,261 shares of the basic materials company's stock worth $149,561,000 after acquiring an additional 485,702 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Vale by 27.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,853,914 shares of the basic materials company's stock valued at $132,408,000 after acquiring an additional 2,578,900 shares during the period. Mondrian Investment Partners LTD lifted its holdings in Vale by 20.4% during the second quarter. Mondrian Investment Partners LTD now owns 10,950,729 shares of the basic materials company's stock valued at $118,815,000 after purchasing an additional 1,854,940 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Vale by 395.3% during the second quarter. Marshall Wace LLP now owns 7,152,069 shares of the basic materials company's stock valued at $79,889,000 after purchasing an additional 5,707,969 shares during the last quarter. Institutional investors own 21.85% of the company's stock.

Vale Price Performance

Shares of VALE traded down $0.10 during trading hours on Friday, reaching $10.60. 20,467,720 shares of the company's stock traded hands, compared to its average volume of 30,329,428. The firm's 50 day simple moving average is $10.79 and its 200-day simple moving average is $11.24. The stock has a market cap of $47.52 billion, a PE ratio of 4.91, a price-to-earnings-growth ratio of 0.29 and a beta of 0.95. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 0.39. Vale S.A. has a 12 month low of $9.66 and a 12 month high of $16.08.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.15. The business had revenue of $9.55 billion during the quarter, compared to analysts' expectations of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter in the previous year, the company earned $0.66 EPS. Equities analysts expect that Vale S.A. will post 2.1 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Vale from $16.50 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, September 23rd. Wolfe Research downgraded Vale from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, October 9th. Scotiabank reduced their price target on Vale from $17.00 to $16.00 and set a "sector perform" rating for the company in a research report on Tuesday, October 15th. Morgan Stanley decreased their price objective on Vale from $16.00 to $15.50 and set an "overweight" rating on the stock in a research note on Thursday, September 19th. Finally, StockNews.com began coverage on Vale in a research note on Friday, October 18th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.17.

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.