Hsbc Holdings PLC Acquires 133,229 Shares of Vale S.A. $VALE

Hsbc Holdings PLC lifted its holdings in shares of Vale S.A. (NYSE:VALE) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,216,984 shares of the basic materials company’s stock after acquiring an additional 133,229 shares during the period. Hsbc Holdings PLC’s holdings in Vale were worth $28,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of VALE. Robeco Institutional Asset Management B.V. raised its position in 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 acquiring an additional 9,103,727 shares during the period. Aberdeen Group plc grew its position in shares of Vale by 2.4% during the 4th quarter. Aberdeen Group plc now owns 2,838,991 shares of the basic materials company’s stock valued at $36,992,000 after acquiring an additional 66,896 shares during the period. Surience Private Wealth LLC bought a new position in shares of Vale during the 4th quarter valued at approximately $2,218,000. Euro Pacific Asset Management LLC increased its stake in shares of Vale by 575.2% during the 4th quarter. Euro Pacific Asset Management LLC now owns 488,718 shares of the basic materials company’s stock worth $6,368,000 after purchasing an additional 416,339 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Vale by 55.0% during the 4th quarter. Jennison Associates LLC now owns 1,603,391 shares of the basic materials company’s stock worth $20,892,000 after purchasing an additional 568,637 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VALE has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a research note on Friday, April 10th. JPMorgan Chase & Co. raised their target price on Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Barclays boosted their target price on Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Bank of America raised Vale from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.00 to $19.00 in a research report on Thursday, April 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

Insider Buying and Selling

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

Vale Trading Down 3.0%

Shares of VALE opened at $14.85 on Thursday. The business’s 50-day moving average price is $16.35 and its 200-day moving average price is $15.56. Vale S.A. has a twelve month low of $8.97 and a twelve month high of $17.94. The stock has a market cap of $67.38 billion, a PE ratio of 22.16 and a beta of 0.46. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48.

Vale (NYSE:VALE) last released its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. On average, equities analysts forecast that Vale S.A. will post 2.15 EPS for the current fiscal year.

Vale Profile

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.