Wellington Management Group LLP Purchases 2,224,756 Shares of Vale S.A. (NYSE:VALE)

Wellington Management Group LLP raised its position in shares of Vale S.A. (NYSE:VALE) by 22.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,315,171 shares of the basic materials company’s stock after purchasing an additional 2,224,756 shares during the period. Wellington Management Group LLP’s holdings in Vale were worth $195,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whittier Trust Co. raised its position in shares of Vale by 423.1% in the 4th quarter. Whittier Trust Co. now owns 1,951 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 1,578 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of Vale in the 4th quarter worth $31,000. Richardson Financial Services Inc. bought a new position in shares of Vale in the 4th quarter worth $31,000. GAMMA Investing LLC bought a new position in shares of Vale in the 4th quarter worth $32,000. Finally, Sound Income Strategies LLC raised its position in shares of Vale by 2,502.8% in the 4th quarter. Sound Income Strategies LLC now owns 2,837 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 2,728 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Stock Up 0.1 %

Vale stock opened at $11.18 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 1.12. The business’s 50-day simple moving average is $12.13 and its two-hundred day simple moving average is $13.21. The company has a market cap of $50.10 billion, a PE ratio of 6.17, a PEG ratio of 4.98 and a beta of 0.98. Vale S.A. has a fifty-two week low of $11.02 and a fifty-two week high of $16.08.

Vale (NYSE:VALE) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Vale had a net margin of 18.72% and a return on equity of 19.59%. Equities analysts anticipate that Vale S.A. will post 2.18 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on VALE. Bank of America reissued a “neutral” rating and issued a $13.00 price target (down from $20.00) on shares of Vale in a research report on Tuesday, April 9th. UBS Group upgraded Vale from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $15.00 in a research note on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, April 4th. StockNews.com started coverage on Vale in a research note on Saturday, March 30th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Vale currently has an average rating of “Moderate Buy” and a consensus price target of $16.67.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.