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

Hsbc Holdings PLC grew its position in Vale S.A. (NYSE:VALE) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VALE. Capital World Investors raised its stake in shares of Vale by 58.2% in the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock valued at $1,163,896,000 after purchasing an additional 32,864,929 shares in the last quarter. GQG Partners LLC boosted its stake in Vale by 42.4% during the fourth 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 in the last quarter. Capital International Investors boosted its stake in Vale by 4.3% during the third quarter. Capital International Investors now owns 46,215,387 shares of the basic materials company’s stock worth $501,715,000 after buying an additional 1,910,266 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Vale by 2,239.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock valued at $541,996,000 after buying an additional 39,818,066 shares during the period. Finally, Invesco Ltd. increased its holdings in Vale by 16.7% in the 3rd quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock valued at $314,526,000 after buying an additional 4,151,563 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Vale from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Vale from $19.50 to $21.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Morgan Stanley increased their price target on shares of Vale from $18.00 to $19.50 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. UBS Group raised their price target on shares of Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price objective on shares of Vale in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.85.

Vale Stock Performance

Vale stock opened at $15.09 on Tuesday. The firm has a market capitalization of $68.49 billion, a P/E ratio of 22.52 and a beta of 0.46. The stock has a fifty day moving average price of $15.98 and a two-hundred day moving average price of $15.66. Vale S.A. has a 52-week low of $9.36 and a 52-week high of $17.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79.

Vale (NYSE:VALE) last issued 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). 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. As a group, analysts anticipate that Vale S.A. will post 2.15 EPS for the current fiscal year.

Vale Company 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.