Waverly Advisors LLC Grows Stock Holdings in Vale S.A. $VALE

Waverly Advisors LLC increased its position in Vale S.A. (NYSE:VALE) by 1,714.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 262,682 shares of the basic materials company’s stock after buying an additional 248,205 shares during the quarter. Waverly Advisors LLC’s holdings in Vale were worth $4,179,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of VALE. Renaissance Technologies LLC raised its holdings in Vale by 27.3% during the first quarter. Renaissance Technologies LLC now owns 14,053,337 shares of the basic materials company’s stock valued at $223,589,000 after acquiring an additional 3,012,700 shares during the period. Compound Planning Inc. lifted its position in shares of Vale by 9.6% in the first quarter. Compound Planning Inc. now owns 105,911 shares of the basic materials company’s stock valued at $1,685,000 after acquiring an additional 9,259 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vale by 15.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 47,947,703 shares of the basic materials company’s stock worth $762,848,000 after acquiring an additional 6,351,703 shares during the period. Bank of Nova Scotia boosted its stake in shares of Vale by 91.1% in the first quarter. Bank of Nova Scotia now owns 107,067 shares of the basic materials company’s stock worth $1,704,000 after acquiring an additional 51,034 shares during the period. Finally, State of Wyoming boosted its stake in shares of Vale by 78.6% in the first quarter. State of Wyoming now owns 28,798 shares of the basic materials company’s stock worth $458,000 after acquiring an additional 12,678 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Trading Down 0.5%

Shares of Vale stock opened at $14.70 on Wednesday. Vale S.A. has a twelve month low of $9.36 and a twelve month high of $17.94. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $15.28 and a 200-day moving average price of $15.82. The firm has a market cap of $66.74 billion, a price-to-earnings ratio of 21.95 and a beta of 0.46.

Vale (NYSE:VALE) last posted its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). Vale had a return on equity of 21.10% and a net margin of 7.21%.The firm had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Equities research analysts anticipate that Vale S.A. will post 1.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VALE shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. The Goldman Sachs Group downgraded Vale from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $16.00 in a research note on Monday. JPMorgan Chase & Co. increased their price objective on shares of Vale from $19.50 to $21.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price objective on shares of Vale in a research report on Friday, May 15th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $16.50 target price (down from $19.50) on shares of Vale in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.15.

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.