Robeco Institutional Asset Management B.V. Purchases 210,674 Shares of Vale S.A. (NYSE:VALE)

Robeco Institutional Asset Management B.V. lifted its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 4.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,719,838 shares of the basic materials company's stock after acquiring an additional 210,674 shares during the period. Robeco Institutional Asset Management B.V. owned 0.11% of Vale worth $55,128,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of VALE. Pacifica Partners Inc. acquired a new position in Vale during the 2nd quarter worth $27,000. Lowe Wealth Advisors LLC bought a new position in Vale in the 2nd quarter valued at about $45,000. Deuterium Capital Management LLC acquired a new position in Vale during the 1st quarter valued at about $122,000. Keynote Financial Services LLC bought a new position in shares of Vale in the first quarter valued at approximately $126,000. Finally, Phillips Wealth Planners LLC acquired a new position in shares of Vale during the third quarter valued at approximately $118,000. Institutional investors and hedge funds own 21.85% of the company's stock.

Wall Street Analyst Weigh In

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

Vale Stock Performance

VALE stock traded up $0.03 on Tuesday, reaching $10.81. 17,833,354 shares of the company were exchanged, compared to its average volume of 27,344,172. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. Vale S.A. has a 12 month low of $9.66 and a 12 month high of $16.08. The stock's fifty day moving average price is $10.79 and its 200 day moving average price is $11.23. The firm has a market capitalization of $48.46 billion, a PE ratio of 4.97, a PEG ratio of 0.29 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 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The business had revenue of $9.55 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, research analysts anticipate that Vale S.A. will post 2.12 EPS for the current fiscal year.

About Vale

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.