Vale SA (NYSE:VALE) Shares Purchased by Capital International Sarl

Capital International Sarl boosted its stake in Vale SA (NYSE:VALE) by 15.5% in the 4th quarter, Holdings Channel reports. The firm owned 379,333 shares of the basic materials company’s stock after buying an additional 50,826 shares during the quarter. Capital International Sarl’s holdings in Vale were worth $5,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors lifted its position in shares of Vale by 2.9% during the fourth quarter. Capital International Investors now owns 62,577,030 shares of the basic materials company’s stock worth $826,017,000 after purchasing an additional 1,787,612 shares during the last quarter. Capital Research Global Investors boosted its holdings in Vale by 1.5% during the fourth quarter. Capital Research Global Investors now owns 225,652,937 shares of the basic materials company’s stock worth $2,978,618,000 after buying an additional 3,429,054 shares in the last quarter. Profund Advisors LLC boosted its holdings in Vale by 34.1% during the fourth quarter. Profund Advisors LLC now owns 393,813 shares of the basic materials company’s stock worth $5,198,000 after buying an additional 100,216 shares in the last quarter. Centenus Global Management LP bought a new stake in Vale during the fourth quarter worth approximately $4,130,000. Finally, Alliancebernstein L.P. boosted its holdings in Vale by 1.4% during the fourth quarter. Alliancebernstein L.P. now owns 637,235 shares of the basic materials company’s stock worth $8,412,000 after buying an additional 8,498 shares in the last quarter. Hedge funds and other institutional investors own 18.08% of the company’s stock.

A number of analysts recently weighed in on the stock. Barclays restated a “buy” rating and set a $11.65 target price on shares of Vale in a report on Wednesday, December 11th. Jefferies Financial Group raised shares of Vale from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $16.00 in a research note on Wednesday, December 11th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “hold” rating on shares of Vale in a research note on Wednesday, February 19th. Citigroup raised shares of Vale from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $14.00 to $12.00 in a research note on Tuesday, March 17th. Finally, Deutsche Bank raised shares of Vale from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Friday, March 20th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $13.64.

Shares of NYSE:VALE traded up $0.09 during trading on Thursday, reaching $8.13. 11,611,509 shares of the company traded hands, compared to its average volume of 50,694,632. The firm has a fifty day simple moving average of $10.07 and a 200 day simple moving average of $11.65. The firm has a market cap of $38.46 billion, a P/E ratio of -24.64 and a beta of 1.26. Vale SA has a 1-year low of $6.49 and a 1-year high of $14.19. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 0.34.

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. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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