Arrowstreet Capital Limited Partnership Increases Stock Position in Vale S.A. $VALE

Arrowstreet Capital Limited Partnership raised its stake in shares of Vale S.A. (NYSE:VALE) by 15.3% in the first quarter, Holdings Channel.com reports. The fund owned 47,947,703 shares of the basic materials company’s stock after purchasing an additional 6,351,703 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Vale were worth $762,848,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Capital World Investors raised its position in 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 during the period. GQG Partners LLC boosted its position in shares of 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 during the period. Assenagon Asset Management S.A. boosted its position in shares of Vale by 15,202.2% during the first quarter. Assenagon Asset Management S.A. now owns 15,663,641 shares of the basic materials company’s stock worth $249,209,000 after buying an additional 15,561,279 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Vale by 77.8% in the fourth 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 buying an additional 9,103,727 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Vale by 826.7% in the fourth quarter. AQR Capital Management LLC now owns 9,530,954 shares of the basic materials company’s stock valued at $124,188,000 after buying an additional 8,502,501 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Stock Down 0.2%

Vale stock opened at $14.81 on Friday. Vale S.A. has a twelve month low of $9.36 and a twelve month high of $17.94. The stock’s fifty day simple moving average is $15.37 and its 200-day simple moving average is $15.80. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $67.25 billion, a P/E ratio of 22.11 and a beta of 0.46.

Vale (NYSE:VALE) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. As a group, equities analysts expect that Vale S.A. will post 1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank decreased their target price on Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Monday. UBS Group lifted their target price on Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, March 27th. Wells Fargo & Company cut their price target on shares of Vale from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. Morgan Stanley reissued an “equal weight” rating and set a $16.50 price target (down from $19.50) on shares of Vale in a research report on Wednesday, July 8th. Finally, Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $19.00 in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Vale currently has an average rating of “Moderate Buy” and an average price target of $16.31.

About Vale

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.