UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires New Position in Vale S.A. (NYSE:VALE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Vale S.A. (NYSE:VALE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 96,400 shares of the basic materials company’s stock, valued at approximately $1,126,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Vale by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock worth $693,000 after buying an additional 1,187 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in Vale in the second quarter valued at approximately $125,000. Cambridge Investment Research Advisors Inc. lifted its stake in Vale by 32.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 844,016 shares of the basic materials company’s stock worth $9,428,000 after acquiring an additional 207,129 shares during the last quarter. Atomi Financial Group Inc. raised its stake in Vale by 46.5% in the second quarter. Atomi Financial Group Inc. now owns 35,959 shares of the basic materials company’s stock valued at $402,000 after buying an additional 11,417 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in Vale by 15.6% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 15,524 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 2,090 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VALE has been the subject of a number of research reports. Scotiabank reduced their price target on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lowered their target price on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, September 23rd. Morgan Stanley cut Vale from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and cut their price target for the stock from $14.00 to $11.50 in a report on Monday, November 11th. Finally, Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.38.

Vale Stock Down 4.9 %

Shares of NYSE VALE opened at $8.74 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. Vale S.A. has a 12-month low of $8.69 and a 12-month high of $16.08. The firm’s 50-day moving average is $10.20 and its two-hundred day moving average is $10.66. The company has a market capitalization of $39.18 billion, a PE ratio of 4.05, a price-to-earnings-growth ratio of 0.27 and a beta of 0.91.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The firm had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the previous year, the company posted $0.66 EPS. Equities analysts anticipate that Vale S.A. will post 2.08 EPS for the current fiscal year.

Vale Profile

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.