Mondrian Investment Partners LTD Raises Holdings in Vale S.A. $VALE

Mondrian Investment Partners LTD lifted its holdings in shares of Vale S.A. (NYSE:VALE) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,419,957 shares of the basic materials company’s stock after buying an additional 45,022 shares during the period. Vale comprises 2.3% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 15th biggest holding. Mondrian Investment Partners LTD’s holdings in Vale were worth $148,802,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Vale during the 4th quarter worth $26,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Vale by 60.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,030 shares during the period. Triumph Capital Management acquired a new position in shares of Vale during the 3rd quarter worth $34,000. Cornerstone Planning Group LLC lifted its stake in shares of Vale by 15,360.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 3,072 shares during the period. Finally, Huntington National Bank lifted its stake in shares of Vale by 36.3% in the third quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 1,256 shares during the period. 21.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Parenti Grazielle Tallia bought 10,464 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The shares were purchased at an average price of $16.11 per share, with a total value of $168,575.04. Following the purchase, the insider owned 10,464 shares in the company, valued at $168,575.04. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Sobrinho Sami Arap bought 12,990 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The stock was bought at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the purchase, the vice president owned 12,990 shares in the company, valued at $209,268.90. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Vale Price Performance

Shares of NYSE:VALE opened at $16.46 on Friday. The business’s 50 day simple moving average is $16.24 and its 200-day simple moving average is $14.99. The firm has a market capitalization of $74.69 billion, a price-to-earnings ratio of 24.56 and a beta of 0.46. 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 S.A. has a 12 month low of $8.97 and a 12 month high of $17.94.

Vale (NYSE:VALE) last announced its quarterly 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 return on equity of 21.10% and a net margin of 7.21%.The firm had revenue of $9.26 billion for the quarter, compared to analysts’ expectations of $9.53 billion. As a group, equities analysts forecast that Vale S.A. will post 2.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Vale from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Zacks Research cut shares of Vale from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. boosted their price target on Vale from $18.50 to $19.50 and gave the stock an “overweight” rating in a research note on Friday. Scotiabank reissued a “sector perform” rating and set a $16.50 price target on shares of Vale in a research note on Monday, February 9th. Finally, Barclays boosted their price target on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vale has an average rating of “Moderate Buy” and a consensus price target of $16.54.

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.