RWC Asset Management LLP lifted its stake in shares of Vale S.A. (NYSE:VALE – Free Report) by 28.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,500,707 shares of the basic materials company’s stock after acquiring an additional 549,322 shares during the period. Vale makes up 1.6% of RWC Asset Management LLP’s holdings, making the stock its 17th biggest holding. RWC Asset Management LLP’s holdings in Vale were worth $32,584,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Capital World Investors grew its holdings in Vale by 58.2% during the 4th quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock valued at $1,163,896,000 after purchasing an additional 32,864,929 shares in the last quarter. Capital International Investors increased its stake in Vale by 4.3% during the third quarter. Capital International Investors now owns 46,215,387 shares of the basic materials company’s stock valued at $501,715,000 after purchasing an additional 1,910,266 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Vale by 16.7% during the third quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock worth $314,526,000 after purchasing an additional 4,151,563 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Vale by 10.9% in the 3rd quarter. Lazard Asset Management LLC now owns 22,272,507 shares of the basic materials company’s stock valued at $241,879,000 after buying an additional 2,192,285 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Vale by 77.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock worth $271,145,000 after acquiring an additional 9,103,727 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.
Vale Stock Down 0.2%
VALE opened at $15.20 on Monday. The firm has a market cap of $68.97 billion, a P/E ratio of 22.68 and a beta of 0.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24. The business has a 50 day moving average price of $16.53 and a 200 day moving average price of $15.29. Vale S.A. has a twelve month low of $8.97 and a twelve month high of $17.94.
Wall Street Analyst Weigh In
VALE has been the topic of several recent research reports. Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $19.00 in a research report on Thursday, April 2nd. UBS Group boosted their target price on Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price target on shares of Vale in a research note on Friday, May 15th. Scotiabank upped their price objective on Vale from $16.50 to $18.00 and gave the company a “sector perform” rating in a report on Wednesday, May 27th. Finally, Royal Bank Of Canada cut shares of Vale from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $14.50 to $15.50 in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Vale presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.65.
View Our Latest Report on Vale
Insider Buying and Selling
In related news, VP Sobrinho Sami Arap bought 12,990 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was acquired at an average cost of $16.11 per share, with a total value of $209,268.90. Following the acquisition, the vice president owned 12,990 shares in the company, valued at approximately $209,268.90. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Parenti Grazielle Tallia bought 10,464 shares of Vale stock in a transaction dated Wednesday, April 1st. The stock was purchased at an average price of $16.11 per share, for a total transaction of $168,575.04. Following the purchase, the insider directly owned 10,464 shares in the company, valued at $168,575.04. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.
Vale Company Profile
Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.
Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.
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