Savant Capital LLC Buys 39,915 Shares of Vale S.A. $VALE

Savant Capital LLC increased its stake in Vale S.A. (NYSE:VALE) by 234.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,966 shares of the basic materials company’s stock after purchasing an additional 39,915 shares during the quarter. Savant Capital LLC’s holdings in Vale were worth $553,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its position in Vale by 59.5% in the second quarter. Vontobel Holding Ltd. now owns 97,506 shares of the basic materials company’s stock worth $947,000 after purchasing an additional 36,372 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Vale by 37.8% in the first quarter. Royal Bank of Canada now owns 1,463,665 shares of the basic materials company’s stock worth $14,608,000 after buying an additional 401,614 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Vale by 11.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 529,967 shares of the basic materials company’s stock valued at $5,019,000 after buying an additional 55,543 shares during the period. Ascent Group LLC grew its position in Vale by 197.2% during the first quarter. Ascent Group LLC now owns 59,968 shares of the basic materials company’s stock valued at $598,000 after buying an additional 39,791 shares during the period. Finally, Rhumbline Advisers increased its holdings in Vale by 25.9% during the first quarter. Rhumbline Advisers now owns 166,125 shares of the basic materials company’s stock valued at $1,658,000 after buying an additional 34,185 shares during the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Vale from $13.80 to $14.50 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Hsbc Global Res upgraded Vale to a “strong-buy” rating in a research report on Friday, October 17th. Clarkson Capital began coverage on Vale in a report on Wednesday, September 3rd. They set a “buy” rating and a $12.00 price target for the company. Zacks Research raised Vale from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vale in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.61.

Vale Stock Down 0.6%

NYSE VALE opened at $12.31 on Friday. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $12.60. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. The stock has a market cap of $55.86 billion, a PE ratio of 10.00 and a beta of 0.82. The stock’s 50 day moving average is $11.30 and its 200 day moving average is $10.30.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, October 30th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.14. Vale had a net margin of 14.23% and a return on equity of 18.14%. The firm had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.39 billion. Research analysts predict that Vale S.A. will post 1.85 EPS for the current fiscal year.

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.