Bridgewater Associates LP Acquires 1,788,205 Shares of Vale S.A. (NYSE:VALE)

Bridgewater Associates LP lifted its holdings in Vale S.A. (NYSE:VALE - Free Report) by 723.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,035,477 shares of the basic materials company's stock after acquiring an additional 1,788,205 shares during the period. Bridgewater Associates LP's holdings in Vale were worth $23,774,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of VALE. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Vale by 6.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company's stock valued at $92,868,000 after acquiring an additional 468,432 shares in the last quarter. International Assets Investment Management LLC raised its stake in Vale by 1,680.0% in the third quarter. International Assets Investment Management LLC now owns 242,514 shares of the basic materials company's stock valued at $2,833,000 after purchasing an additional 228,890 shares in the last quarter. Cetera Advisors LLC lifted its position in Vale by 109.1% during the first quarter. Cetera Advisors LLC now owns 101,406 shares of the basic materials company's stock worth $1,236,000 after purchasing an additional 52,906 shares during the period. Banco Santander S.A. grew its stake in Vale by 32.9% during the third quarter. Banco Santander S.A. now owns 382,082 shares of the basic materials company's stock worth $4,463,000 after buying an additional 94,585 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Vale by 395.3% in the 2nd quarter. Marshall Wace LLP now owns 7,152,069 shares of the basic materials company's stock valued at $79,889,000 after buying an additional 5,707,969 shares during the period. 21.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VALE has been the subject of a number of recent analyst reports. Morgan Stanley cut 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. StockNews.com started coverage on Vale in a research note on Friday, October 18th. They issued a "buy" rating on the stock. JPMorgan Chase & Co. decreased their target price on 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 note on Wednesday, October 9th. Finally, UBS Group downgraded shares of Vale from a "buy" rating to a "neutral" rating and reduced their price target for the company from $14.00 to $11.50 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Vale has an average rating of "Hold" and a consensus price target of $15.13.

Vale Trading Down 0.3 %

NYSE:VALE traded down $0.03 during trading hours on Thursday, hitting $9.87. 28,135,401 shares of the company were exchanged, compared to its average volume of 27,422,541. The stock has a market capitalization of $44.25 billion, a price-to-earnings ratio of 4.57, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94. Vale S.A. has a one year low of $9.66 and a one year high of $16.08. The company has a fifty day simple moving average of $10.70 and a 200 day simple moving average of $10.97. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

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