Wellington Management Group LLP Acquires 2,224,756 Shares of Vale S.A. (NYSE:VALE)

Wellington Management Group LLP grew its holdings in shares of Vale S.A. (NYSE:VALE) by 22.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,315,171 shares of the basic materials company’s stock after acquiring an additional 2,224,756 shares during the quarter. Wellington Management Group LLP owned about 0.27% of Vale worth $195,319,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of VALE. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Vale by 85.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 491,207 shares of the basic materials company’s stock valued at $7,791,000 after buying an additional 225,806 shares in the last quarter. Oaktree Capital Management LP raised its holdings in shares of Vale by 8.1% during the 4th quarter. Oaktree Capital Management LP now owns 9,399,887 shares of the basic materials company’s stock valued at $149,082,000 after buying an additional 705,520 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Vale by 10.2% during the 4th quarter. Blue Trust Inc. now owns 10,097 shares of the basic materials company’s stock valued at $160,000 after buying an additional 932 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Vale by 49,161.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,413 shares of the basic materials company’s stock valued at $38,705,000 after buying an additional 2,435,459 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in shares of Vale during the 4th quarter valued at about $190,000. Institutional investors own 21.85% of the company’s stock.

Vale Price Performance

VALE opened at $11.18 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 1.12. Vale S.A. has a 52-week low of $11.02 and a 52-week high of $16.08. The stock has a market capitalization of $50.10 billion, a PE ratio of 6.17, a price-to-earnings-growth ratio of 4.98 and a beta of 0.98. The stock’s 50 day moving average price is $12.13 and its 200-day moving average price is $13.21.

Vale (NYSE:VALE) last released its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Vale had a net margin of 18.72% and a return on equity of 19.59%. The firm had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.35 billion. On average, equities research analysts predict that Vale S.A. will post 2.18 EPS for the current year.

Wall Street Analysts Forecast Growth

VALE has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, April 4th. Bank of America reaffirmed a “neutral” rating and issued a $13.00 price target (down from $20.00) on shares of Vale in a research note on Tuesday, April 9th. Barclays lifted their price target on Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. decreased their price target on Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, StockNews.com initiated coverage on Vale in a research note on Saturday, March 30th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.67.

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.