Burney Co. Invests $2.75 Million in Vale S.A. $VALE

Burney Co. acquired a new position in Vale S.A. (NYSE:VALE) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 173,192 shares of the basic materials company’s stock, valued at approximately $2,755,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors grew its stake in Vale by 58.2% in the 4th quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock worth $1,163,896,000 after buying an additional 32,864,929 shares in the last quarter. GQG Partners LLC increased its holdings in shares of Vale by 42.4% in the 4th quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock worth $848,677,000 after buying an additional 19,397,396 shares during the last quarter. Capital International Investors raised its position in shares of Vale by 4.3% during the 3rd quarter. Capital International Investors now owns 46,215,387 shares of the basic materials company’s stock valued at $501,715,000 after buying an additional 1,910,266 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vale by 2,239.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock worth $541,996,000 after acquiring an additional 39,818,066 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Vale by 16.7% during the 3rd quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock worth $314,526,000 after acquiring an additional 4,151,563 shares during the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VALE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vale in a research note on Friday, April 10th. Scotiabank set a $19.00 price objective on Vale in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 target price on shares of Vale in a research report on Friday, May 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. Finally, Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and increased their target price for the company from $18.00 to $19.00 in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Vale has an average rating of “Moderate Buy” and an average target price of $16.85.

Vale Stock Down 2.6%

Shares of Vale stock opened at $14.70 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. Vale S.A. has a 12-month low of $9.36 and a 12-month high of $17.94. The company has a market cap of $66.70 billion, a P/E ratio of 21.93 and a beta of 0.46. The company’s fifty day simple moving average is $15.89 and its two-hundred day simple moving average is $15.69.

Vale (NYSE:VALE) last posted its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate 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%. Research analysts anticipate that Vale S.A. will post 2.15 EPS for the current 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.