MML Investors Services LLC Has $4.13 Million Stock Holdings in Vale S.A. (NYSE:VALE)

MML Investors Services LLC grew its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 31.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 353,778 shares of the basic materials company's stock after purchasing an additional 85,044 shares during the quarter. MML Investors Services LLC's holdings in Vale were worth $4,132,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC lifted its stake in shares of Vale by 18.2% in the 3rd quarter. FMR LLC now owns 36,605,338 shares of the basic materials company's stock worth $427,550,000 after acquiring an additional 5,635,167 shares during the period. SPX Gestao de Recursos Ltda increased its position in shares of Vale by 60.6% during the 2nd 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 purchasing an additional 8,288,112 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Vale by 3,692.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company's stock worth $212,576,000 after acquiring an additional 17,720,100 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Vale by 10.7% in the 3rd quarter. Fisher Asset Management LLC now owns 17,404,942 shares of the basic materials company's stock worth $203,290,000 after purchasing an additional 1,682,544 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Vale by 123.4% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company's stock valued at $140,859,000 after acquiring an additional 6,660,933 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Stock Performance

VALE traded down $0.21 during trading on Friday, hitting $9.26. The stock had a trading volume of 27,085,145 shares, compared to its average volume of 27,648,803. 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 12 month low of $9.22 and a 12 month high of $16.08. The company has a 50 day simple moving average of $10.33 and a 200-day simple moving average of $10.73. The firm has a market cap of $41.51 billion, a PE ratio of 4.28, a P/E/G ratio of 0.27 and a beta of 0.91.

Vale (NYSE:VALE - Get Free Report) last released its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.15. The firm had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter last year, the firm posted $0.66 EPS. Analysts expect that Vale S.A. will post 2.08 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on VALE. StockNews.com began coverage on Vale in a report on Friday. They set a "buy" rating on the stock. Barclays reduced their price target on shares of Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a research report on Wednesday, December 4th. Wolfe Research cut shares of Vale from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, October 9th. UBS Group lowered shares of Vale from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Vale from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $14.38.

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.