OneDigital Investment Advisors LLC Has $195,000 Stake in Vale S.A. (NYSE:VALE)

OneDigital Investment Advisors LLC lifted its position in shares of Vale S.A. (NYSE:VALE) by 62.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,683 shares of the basic materials company’s stock after purchasing an additional 6,443 shares during the period. OneDigital Investment Advisors LLC’s holdings in Vale were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VALE. SPX Gestao de Recursos Ltda boosted its holdings in Vale by 60.6% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company’s stock valued at $245,404,000 after purchasing an additional 8,288,112 shares during the period. Marshall Wace LLP boosted its stake in shares of 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 buying an additional 5,707,969 shares during the period. Van ECK Associates Corp grew its position in Vale by 110.9% during the second quarter. Van ECK Associates Corp now owns 5,459,485 shares of the basic materials company’s stock worth $60,983,000 after buying an additional 2,871,094 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Vale by 27.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,853,914 shares of the basic materials company’s stock worth $132,408,000 after acquiring an additional 2,578,900 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Vale in the 3rd quarter valued at $30,038,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Price Performance

Shares of NYSE:VALE opened at $10.02 on Friday. Vale S.A. has a one year low of $9.66 and a one year 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 cap of $44.92 billion, a price-to-earnings ratio of 4.64, a PEG ratio of 0.27 and a beta of 0.94. The firm has a 50 day simple moving average of $10.76 and a 200 day simple moving average of $11.03.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating 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 the consensus estimate of $9.61 billion. During the same quarter last year, the business posted $0.66 EPS. Research analysts predict that Vale S.A. will post 2.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Scotiabank reduced their price objective on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Wednesday. StockNews.com began coverage on shares of Vale in a report on Friday, October 18th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. cut their price target on shares of Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Monday, September 23rd. Finally, Morgan Stanley reduced their price target on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.13.

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.