Assenagon Asset Management S.A. Has $249.21 Million Holdings in Vale S.A. $VALE

Assenagon Asset Management S.A. grew its holdings in Vale S.A. (NYSE:VALE) by 15,202.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,663,641 shares of the basic materials company’s stock after purchasing an additional 15,561,279 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Vale were worth $249,209,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in shares of Vale during the fourth quarter worth approximately $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in Vale by 128.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 1,155 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Vale by 60.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,030 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in Vale during the 4th quarter worth $33,000. Finally, Triumph Capital Management bought a new stake in shares of Vale during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Down 3.0%

VALE opened at $14.85 on Thursday. The firm’s fifty day moving average is $16.35 and its two-hundred day moving average is $15.56. The firm has a market cap of $67.38 billion, a PE ratio of 22.16 and a beta of 0.46. Vale S.A. has a twelve month low of $8.97 and a twelve month high of $17.94. 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 quarterly 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 net margin of 7.21% and a return on equity of 21.10%. The firm had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. Equities research analysts anticipate that Vale S.A. will post 2.15 EPS for the current year.

Insider Buying and Selling at Vale

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VALE. Wells Fargo & Company cut their price target on Vale from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Barclays lifted their price objective on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vale in a report on Monday, June 15th. Morgan Stanley increased their target price on Vale from $18.00 to $19.50 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vale in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.85.

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.