Hsbc Holdings PLC Has $28.89 Million Stake in Vale S.A. $VALE

Hsbc Holdings PLC increased its stake in Vale S.A. (NYSE:VALE) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,216,984 shares of the basic materials company’s stock after acquiring an additional 133,229 shares during the quarter. Hsbc Holdings PLC’s holdings in Vale were worth $28,890,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Rehmann Capital Advisory Group grew its holdings in Vale by 49.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 16,509 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 5,477 shares during the period. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in shares of Vale in the 4th quarter valued at about $280,000. Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in shares of Vale in the 4th quarter valued at about $652,000. Larch Capital Partners LLC bought a new stake in Vale in the 4th quarter valued at about $18,229,000. Finally, Compound Planning Inc. increased its position in Vale by 26.6% in the 4th quarter. Compound Planning Inc. now owns 96,652 shares of the basic materials company’s stock valued at $1,259,000 after buying an additional 20,319 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Down 3.0%

VALE stock opened at $14.85 on Thursday. The firm has a market capitalization 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 S.A. has a twelve month low of $8.97 and a twelve month high of $17.94. The stock’s 50 day moving average is $16.35 and its 200-day moving average is $15.56.

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). The company had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. Sell-side analysts expect that Vale S.A. will post 2.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on VALE shares. JPMorgan Chase & Co. increased their price target on Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Scotiabank set a $19.00 target price on Vale in a research report on Monday, June 15th. Wells Fargo & Company cut their target price on Vale from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Vale in a research report on Friday, April 10th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.85.

Insiders Place Their Bets

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

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.