Vale S.A. (NYSE:VALE) Shares Bought by Creative Planning

Creative Planning raised its holdings in Vale S.A. (NYSE:VALE) by 9.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,491 shares of the basic materials company’s stock after purchasing an additional 6,481 shares during the period. Creative Planning’s holdings in Vale were worth $882,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Vale by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,464,965 shares of the basic materials company’s stock worth $30,048,000 after acquiring an additional 24,552 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Vale in the first quarter worth approximately $2,073,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Vale by 180.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 683,428 shares of the basic materials company’s stock worth $8,331,000 after acquiring an additional 439,733 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Vale by 27.2% in the first quarter. GSA Capital Partners LLP now owns 158,811 shares of the basic materials company’s stock worth $1,936,000 after acquiring an additional 33,957 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of Vale by 73.1% in the first quarter. Pzena Investment Management LLC now owns 229,345 shares of the basic materials company’s stock worth $2,796,000 after acquiring an additional 96,850 shares during the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Price Performance

NYSE:VALE opened at $10.59 on Friday. Vale S.A. has a 52 week low of $9.66 and a 52 week high of $16.08. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $47.48 billion, a P/E ratio of 4.90, a P/E/G ratio of 0.30 and a beta of 0.93. The stock’s fifty day moving average is $10.79 and its two-hundred day moving average is $11.24.

Vale (NYSE:VALE) last posted its earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $9.61 billion. During the same quarter in the previous year, the business earned $0.66 earnings per share. Equities analysts expect that Vale S.A. will post 2.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VALE. Morgan Stanley lowered their price target on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research note on Thursday, September 19th. Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. StockNews.com started coverage on Vale in a research note on Friday, October 18th. They set a “buy” rating on the stock. Scotiabank lowered their price objective on Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. Finally, UBS Group lowered their price objective on Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, July 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.17.

About Vale

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.