Impala Asset Management LLC Invests $2.09 Million in Vale S.A. $VALE

Impala Asset Management LLC purchased a new position in Vale S.A. (NYSE:VALE) during the 4th quarter, HoldingsChannel reports. The fund purchased 160,000 shares of the basic materials company’s stock, valued at approximately $2,085,000. Vale accounts for 1.3% of Impala Asset Management LLC’s holdings, making the stock its 16th largest position.

Several other institutional investors have also recently made changes to their positions in the company. Capital World Investors increased its holdings in shares of Vale by 58.2% in the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock worth $1,163,896,000 after purchasing an additional 32,864,929 shares during the period. GQG Partners LLC increased its holdings in shares of Vale by 42.4% in the fourth quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock worth $848,677,000 after purchasing an additional 19,397,396 shares during the period. Capital International Investors increased its holdings 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 purchasing an additional 1,910,266 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Vale by 2,239.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock worth $541,996,000 after purchasing an additional 39,818,066 shares during the period. Finally, Invesco Ltd. increased its holdings 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 purchasing an additional 4,151,563 shares during the period. Institutional investors own 21.85% of the company’s stock.

Vale Stock Up 2.1%

Shares of NYSE:VALE opened at $15.68 on Friday. Vale S.A. has a 52-week low of $8.97 and a 52-week high of $17.94. The firm has a fifty day moving average of $16.51 and a 200 day moving average of $15.38. The firm has a market capitalization of $71.19 billion, a PE ratio of 23.41 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.

Vale (NYSE:VALE) last announced its 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 return on equity of 21.10% and a net margin of 7.21%.The company had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.53 billion. As a group, research analysts anticipate that Vale S.A. will post 2.15 EPS for the current fiscal year.

Insider Buying and Selling at Vale

In related news, insider Parenti Grazielle Tallia bought 10,464 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was bought at an average cost of $16.11 per share, for a total transaction of $168,575.04. Following the completion of the transaction, the insider owned 10,464 shares of the company’s stock, valued at approximately $168,575.04. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sobrinho Sami Arap bought 12,990 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 12,990 shares of the company’s stock, valued at $209,268.90. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VALE. Wall Street Zen cut shares of Vale from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. JPMorgan Chase & Co. upped their price target on shares of Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a report on Friday. Royal Bank Of Canada cut shares of Vale from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $14.50 to $15.50 in a report on Thursday, March 12th. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $19.00 in a report on Thursday, April 2nd. Finally, UBS Group upped their target price on shares of Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. One 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.77.

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.