Natixis Advisors LLC Raises Stock Position in Vale S.A. (NYSE:VALE)

Natixis Advisors LLC grew its holdings in shares of Vale S.A. (NYSE:VALE) by 50.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589,452 shares of the basic materials company’s stock after purchasing an additional 197,154 shares during the period. Natixis Advisors LLC’s holdings in Vale were worth $6,885,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VALE. Advisors Asset Management Inc. increased its stake in shares of Vale by 28.6% during the first quarter. Advisors Asset Management Inc. now owns 182,222 shares of the basic materials company’s stock worth $2,221,000 after buying an additional 40,485 shares during the period. 1832 Asset Management L.P. boosted its holdings in Vale by 20.1% in the first quarter. 1832 Asset Management L.P. now owns 99,900 shares of the basic materials company’s stock valued at $1,218,000 after purchasing an additional 16,700 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Vale by 4.1% in the first quarter. Lazard Asset Management LLC now owns 12,269,261 shares of the basic materials company’s stock valued at $149,561,000 after purchasing an additional 485,702 shares in the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Vale in the first quarter valued at approximately $610,000. Finally, Tidal Investments LLC boosted its holdings in shares of Vale by 17.1% in the first quarter. Tidal Investments LLC now owns 288,419 shares of the basic materials company’s stock valued at $3,515,000 after acquiring an additional 42,118 shares during the period. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VALE has been the subject of several research analyst reports. StockNews.com initiated coverage on Vale in a report on Friday, October 18th. They issued a “buy” rating for the company. Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price target on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research note on Monday, September 23rd. Scotiabank cut their price target on Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, Morgan Stanley cut their price target on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.13.

Vale Trading Down 0.7 %

NYSE:VALE opened at $9.96 on Friday. The stock has a fifty day moving average price of $10.77 and a two-hundred day moving average price of $11.06. The stock has a market capitalization of $44.65 billion, a price-to-earnings ratio of 4.61, a PEG ratio of 0.27 and a beta of 0.94. 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 1 year low of $9.66 and a 1 year high of $16.08.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share 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 business had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter last year, the business posted $0.66 earnings per share. As a group, sell-side analysts anticipate that Vale S.A. will post 2.12 earnings per share for the current fiscal year.

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.