Capital International Inc. CA Sells 414,587 Shares of Vale S.A. $VALE

Capital International Inc. CA lessened its holdings in shares of Vale S.A. (NYSE:VALE) by 69.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 180,335 shares of the basic materials company’s stock after selling 414,587 shares during the period. Capital International Inc. CA’s holdings in Vale were worth $2,350,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of VALE. Mondrian Investment Partners LTD bought a new stake in shares of Vale during the 3rd quarter valued at about $123,532,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Vale by 77.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock valued at $271,145,000 after acquiring an additional 9,103,727 shares during the last quarter. SPX Gestao de Recursos Ltda boosted its position in shares of Vale by 303.8% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 11,068,403 shares of the basic materials company’s stock valued at $120,203,000 after acquiring an additional 8,327,112 shares during the last quarter. Truist Financial Corp boosted its position in shares of Vale by 16,205.4% during the 4th quarter. Truist Financial Corp now owns 8,109,148 shares of the basic materials company’s stock valued at $105,662,000 after acquiring an additional 8,059,415 shares during the last quarter. Finally, Capital World Investors boosted its position in shares of Vale by 13.3% during the 3rd quarter. Capital World Investors now owns 56,457,332 shares of the basic materials company’s stock valued at $613,086,000 after acquiring an additional 6,643,125 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Shares of Vale stock opened at $15.00 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79. The business’s 50 day simple moving average is $16.53 and its two-hundred day simple moving average is $15.31. The stock has a market capitalization of $68.07 billion, a P/E ratio of 22.38 and a beta of 0.46. Vale S.A. has a one year low of $8.97 and a one year high of $17.94.

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VALE. UBS Group lifted their price target on Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, March 27th. Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $19.00 in a research report on Thursday, April 2nd. Morgan Stanley lifted their price target on Vale from $18.00 to $19.50 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a research report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price target on shares of Vale in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.65.

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.