Vale S.A. (NYSE:VALE) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,951,020 shares of the basic materials company's stock after purchasing an additional 468,432 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.18% of Vale worth $92,868,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC bought a new position in shares of Vale in the third quarter valued at approximately $4,606,000. Northwest Bancshares Inc. bought a new stake in Vale in the third quarter valued at about $4,663,000. Segall Bryant & Hamill LLC raised its holdings in shares of Vale by 62.4% in the third quarter. Segall Bryant & Hamill LLC now owns 108,774 shares of the basic materials company's stock valued at $1,270,000 after buying an additional 41,800 shares during the last quarter. West Family Investments Inc. grew its position in shares of Vale by 20.4% during the 3rd quarter. West Family Investments Inc. now owns 20,256 shares of the basic materials company's stock worth $237,000 after buying an additional 3,431 shares during the period. Finally, AM Squared Ltd bought a new stake in Vale in the 3rd quarter valued at approximately $1,493,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VALE has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Vale from $16.00 to $15.50 and set an "overweight" rating on the stock in a research report on Thursday, September 19th. UBS Group downgraded Vale from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Scotiabank dropped their price objective on shares of Vale from $16.00 to $14.00 and set a "sector perform" rating for the company in a research note on Wednesday. Wolfe Research downgraded Vale from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $15.61.

Vale Stock Up 0.1 %

Shares of NYSE VALE traded up $0.01 during mid-day trading on Wednesday, reaching $10.03. The company had a trading volume of 18,701,135 shares, compared to its average volume of 27,493,268. 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 S.A. has a 52-week low of $9.66 and a 52-week high of $16.08. The stock has a market cap of $44.97 billion, a P/E ratio of 4.65, a PEG ratio of 0.26 and a beta of 0.94. The firm has a 50 day simple moving average of $10.78 and a two-hundred day simple moving average of $11.07.

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 for the quarter, topping analysts' consensus estimates of $0.41 by $0.15. The firm 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 period last year, the firm posted $0.66 earnings per share. Sell-side analysts predict that Vale S.A. will post 2.12 earnings per share for the current 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.