Vale S.A. (NYSE:VALE) Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC raised its position in Vale S.A. (NYSE:VALE) by 5.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 73,037 shares of the basic materials company’s stock after acquiring an additional 4,007 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Vale were worth $853,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Vale by 3,692.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company’s stock worth $212,576,000 after buying an additional 17,720,100 shares during the period. SPX Gestao de Recursos Ltda grew its stake in shares of Vale by 60.6% in the second quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company’s stock worth $245,404,000 after acquiring an additional 8,288,112 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Vale during the third quarter worth $80,300,000. Itau Unibanco Holding S.A. raised its stake in shares of Vale by 123.4% in the third quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company’s stock valued at $140,859,000 after acquiring an additional 6,660,933 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Vale by 395.3% in the second quarter. Marshall Wace LLP now owns 7,152,069 shares of the basic materials company’s stock valued at $79,889,000 after purchasing an additional 5,707,969 shares during the period. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Trading Up 5.2 %

NYSE VALE opened at $9.85 on Tuesday. The firm’s fifty day moving average price is $10.49 and its 200 day moving average price is $10.79. Vale S.A. has a 12 month low of $9.33 and a 12 month high of $16.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The company has a market capitalization of $44.14 billion, a price-to-earnings ratio of 4.56, a price-to-earnings-growth ratio of 0.26 and a beta of 0.91.

Vale (NYSE:VALE) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The company had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter last year, the company posted $0.66 earnings per share. On average, sell-side analysts expect that Vale S.A. will post 2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on VALE. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and reduced their price target for the company from $14.00 to $11.50 in a research report on Monday, November 11th. Barclays decreased their price target on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Scotiabank lowered their price target on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, November 20th. JPMorgan Chase & Co. reduced their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Monday, September 23rd. Finally, Morgan Stanley lowered their target price on shares of Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.91.

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.