Vale S.A. (NYSE:VALE) Shares Bought by Ping Capital Management Inc.

Ping Capital Management Inc. increased its stake in Vale S.A. (NYSE:VALE) by 76.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,000 shares of the basic materials company’s stock after purchasing an additional 32,000 shares during the quarter. Ping Capital Management Inc.’s holdings in Vale were worth $656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ninety One North America Inc. grew its position in Vale by 0.7% during the 4th quarter. Ninety One North America Inc. now owns 2,820,592 shares of the basic materials company’s stock worth $25,019,000 after purchasing an additional 20,692 shares in the last quarter. Caprock Group LLC bought a new stake in Vale during the fourth quarter valued at about $1,336,000. Robeco Institutional Asset Management B.V. increased its position in Vale by 106.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company’s stock worth $86,226,000 after buying an additional 5,001,228 shares during the period. R Squared Ltd bought a new stake in Vale in the 4th quarter valued at $41,000. Finally, Pacer Advisors Inc. raised its stake in shares of Vale by 10.1% in the 4th quarter. Pacer Advisors Inc. now owns 204,347 shares of the basic materials company’s stock valued at $1,813,000 after buying an additional 18,782 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VALE. Barclays decreased their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. UBS Group lowered shares of 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. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Jefferies Financial Group cut their price objective on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com began coverage on Vale in a research note on Friday, December 13th. They issued a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.89.

Vale Stock Performance

Shares of Vale stock opened at $9.43 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a 52 week low of $8.38 and a 52 week high of $13.77. The firm has a fifty day moving average of $9.11 and a two-hundred day moving average of $10.08. The stock has a market capitalization of $42.78 billion, a price-to-earnings ratio of 4.36, a PEG ratio of 0.29 and a beta of 0.91.

Vale Company 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.