463,376 Shares in Vale S.A. $VALE Bought by Leonteq Securities AG

Leonteq Securities AG purchased a new position in Vale S.A. (NYSE:VALEFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 463,376 shares of the basic materials company’s stock, valued at approximately $6,038,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital World Investors increased its stake in shares of Vale by 13.3% in the third quarter. Capital World Investors now owns 56,457,332 shares of the basic materials company’s stock worth $613,086,000 after buying an additional 6,643,125 shares during the last quarter. Capital International Investors increased its stake in shares of Vale by 4.3% in the third quarter. Capital International Investors now owns 46,215,387 shares of the basic materials company’s stock worth $501,715,000 after buying an additional 1,910,266 shares during the last quarter. Invesco Ltd. increased its stake in shares of Vale by 16.7% in the third quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock worth $314,526,000 after buying an additional 4,151,563 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Vale by 10.9% in the third quarter. Lazard Asset Management LLC now owns 22,272,507 shares of the basic materials company’s stock worth $241,879,000 after buying an additional 2,192,285 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Vale by 77.8% in 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 buying an additional 9,103,727 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Insider Buying and Selling at Vale

In other news, VP Sobrinho Sami Arap purchased 12,990 shares of Vale stock in a transaction dated Wednesday, April 1st. The stock was bought at an average price of $16.11 per share, with a total value of $209,268.90. Following the completion of the acquisition, the vice president owned 12,990 shares in the company, valued at $209,268.90. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Parenti Grazielle Tallia purchased 10,464 shares of Vale stock in a transaction dated Wednesday, April 1st. The shares were purchased at an average cost of $16.11 per share, with a total value of $168,575.04. Following the acquisition, the insider owned 10,464 shares of the company’s stock, valued at approximately $168,575.04. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Vale from $18.00 to $18.50 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Zacks Research lowered shares of Vale from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. The Goldman Sachs Group boosted their target price on shares of Vale from $13.80 to $18.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Wells Fargo & Company lowered their target price on shares of Vale from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Finally, Scotiabank reiterated a “sector perform” rating and set a $16.50 target price on shares of Vale in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.46.

Read Our Latest Stock Report on Vale

Vale Stock Up 2.2%

VALE stock opened at $16.36 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79. Vale S.A. has a 1-year low of $8.97 and a 1-year high of $17.94. The firm has a fifty day moving average price of $16.20 and a two-hundred day moving average price of $14.95. The firm has a market cap of $74.24 billion, a price-to-earnings ratio of 24.41 and a beta of 0.46.

Vale (NYSE:VALEGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). Vale had a net margin of 7.21% and a return on equity of 21.10%. The firm had revenue of $9.26 billion for the quarter, compared to analyst estimates of $9.53 billion. Research analysts predict that Vale S.A. will post 2.12 EPS for the current year.

Vale Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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