Todd Asset Management LLC Purchases 2,124,412 Shares of Vale S.A. $VALE

Todd Asset Management LLC boosted its stake in shares of Vale S.A. (NYSE:VALE) by 51.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,239,516 shares of the basic materials company’s stock after acquiring an additional 2,124,412 shares during the period. Vale makes up about 1.6% of Todd Asset Management LLC’s portfolio, making the stock its 4th largest holding. Todd Asset Management LLC’s holdings in Vale were worth $81,301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in Vale during the fourth quarter valued at approximately $26,000. Cary Street Partners Investment Advisory LLC grew its position in Vale by 60.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,030 shares in the last quarter. Cornerstone Planning Group LLC grew its position in Vale by 15,360.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 3,072 shares in the last quarter. Triumph Capital Management purchased a new position in Vale during the third quarter valued at approximately $34,000. Finally, Huntington National Bank grew its position in Vale by 36.3% during the third quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 1,256 shares in the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VALE has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Vale from $18.00 to $19.50 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Zacks Research cut shares of Vale from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. UBS Group boosted their price objective on shares of Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, March 27th. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vale from $18.50 to $19.50 and gave the company an “overweight” rating in a research note on Friday. One equities research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.54.

Insider Buying and Selling

In other news, VP Sobrinho Sami Arap purchased 12,990 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were acquired at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the transaction, the vice president directly owned 12,990 shares of the company’s stock, valued at approximately $209,268.90. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Parenti Grazielle Tallia bought 10,464 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were bought at an average price of $16.11 per share, for a total transaction of $168,575.04. Following the completion of the acquisition, the insider directly owned 10,464 shares in the company, valued at approximately $168,575.04. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Vale Stock Down 0.2%

VALE opened at $16.46 on Monday. The firm’s 50-day simple moving average is $16.24 and its 200-day simple moving average is $15.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24. Vale S.A. has a twelve month low of $8.97 and a twelve month high of $17.94. The firm has a market cap of $74.69 billion, a price-to-earnings ratio of 24.56 and a beta of 0.46.

Vale (NYSE:VALE) last posted its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). Vale had a return on equity of 21.10% and a net margin of 7.21%.The firm had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.53 billion. Equities research analysts anticipate that Vale S.A. will post 2.12 EPS for the current fiscal year.

About Vale

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.