Robeco Institutional Asset Management B.V. raised its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 106.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,721,066 shares of the basic materials company's stock after buying an additional 5,001,228 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Vale were worth $86,226,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Ballentine Partners LLC increased its stake in shares of Vale by 7.8% in the 3rd quarter. Ballentine Partners LLC now owns 13,627 shares of the basic materials company's stock worth $159,000 after purchasing an additional 987 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Vale by 5.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 28,754 shares of the basic materials company's stock worth $336,000 after purchasing an additional 1,375 shares in the last quarter. Keynote Financial Services LLC increased its stake in shares of Vale by 13.5% in the 3rd quarter. Keynote Financial Services LLC now owns 11,737 shares of the basic materials company's stock worth $137,000 after purchasing an additional 1,400 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Vale by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company's stock worth $1,852,000 after purchasing an additional 1,494 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. increased its stake in shares of Vale by 16.8% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company's stock worth $140,000 after purchasing an additional 1,725 shares in the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Barclays reduced their price objective on Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a research note on Wednesday, December 4th. Jefferies Financial Group dropped their target price on shares of Vale from $14.00 to $11.00 and set a "buy" rating for the company in a report on Monday, January 6th. UBS Group downgraded shares of Vale from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $14.00 to $11.50 in a report on Monday, November 11th. StockNews.com began coverage on shares of Vale in a report on Friday, December 13th. They issued a "buy" rating for the company. Finally, Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vale presently has a consensus rating of "Hold" and an average price target of $13.89.
Get Our Latest Research Report on VALE
Vale Price Performance
Shares of VALE traded up $0.33 during midday trading on Thursday, hitting $9.40. 49,196,250 shares of the company traded hands, compared to its average volume of 40,211,672. The firm has a 50 day moving average of $9.15 and a 200-day moving average of $10.13. Vale S.A. has a 52 week low of $8.38 and a 52 week high of $13.89. The stock has a market cap of $39.76 billion, a price-to-earnings ratio of 4.35, a PEG ratio of 0.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91.
About Vale
(
Free Report)
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.
See Also
Before you consider Vale, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vale wasn't on the list.
While Vale currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
