Wilmington Savings Fund Society FSB Invests $79,000 in Vale S.A. (NYSE:VALE)

Wilmington Savings Fund Society FSB purchased a new position in Vale S.A. (NYSE:VALE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,725 shares of the basic materials company’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Vale by 3,692.5% during the 3rd 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 during the period. SPX Gestao de Recursos Ltda raised its stake in Vale by 60.6% during the second quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company’s stock worth $245,404,000 after purchasing an additional 8,288,112 shares during the period. Holocene Advisors LP acquired a new position in Vale in the 3rd quarter valued at about $80,300,000. Itau Unibanco Holding S.A. boosted its holdings in Vale by 123.4% in 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 purchasing an additional 6,660,933 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of 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 currently owned by institutional investors and hedge funds.

Vale Stock Performance

NYSE VALE opened at $8.90 on Friday. The business has a 50 day moving average price of $10.11 and a 200 day moving average price of $10.63. The company has a market capitalization of $39.90 billion, a P/E ratio of 4.12, a PEG ratio of 0.27 and a beta of 0.91. Vale S.A. has a 1-year low of $8.69 and a 1-year high of $16.08. 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 (NYSE:VALE) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The business had revenue of $9.55 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the business earned $0.66 earnings per share. Sell-side analysts expect that Vale S.A. will post 2.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VALE shares. StockNews.com initiated coverage on Vale in a research report on Friday, December 13th. They issued a “buy” rating on the stock. UBS Group lowered shares of Vale from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $14.00 to $11.50 in a report on Monday, November 11th. Scotiabank lowered their target price 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, November 20th. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.50 to $11.30 in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.38.

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.