SG Americas Securities LLC Buys 213,710 Shares of Vale S.A. $VALE

SG Americas Securities LLC increased its stake in shares of Vale S.A. (NYSE:VALE) by 26.4% in the first quarter, HoldingsChannel reports. The firm owned 1,022,036 shares of the basic materials company’s stock after buying an additional 213,710 shares during the period. SG Americas Securities LLC’s holdings in Vale were worth $16,261,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Capital World Investors raised its holdings in Vale by 58.2% in the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock worth $1,163,896,000 after purchasing an additional 32,864,929 shares in the last quarter. GQG Partners LLC boosted its holdings in shares of Vale by 42.4% in the 4th quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock valued at $848,677,000 after buying an additional 19,397,396 shares in the last quarter. Capital International Investors boosted its holdings in shares of Vale by 4.3% in the 3rd quarter. Capital International Investors now owns 46,215,387 shares of the basic materials company’s stock valued at $501,715,000 after buying an additional 1,910,266 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Vale by 2,239.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock worth $541,996,000 after buying an additional 39,818,066 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Vale by 16.7% during the 3rd quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock worth $314,526,000 after acquiring an additional 4,151,563 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays increased their target price on shares of Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Morgan Stanley lifted their price target on shares of Vale from $18.00 to $19.50 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price target on shares of Vale in a research report on Friday, May 15th. UBS Group increased their price objective on Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, March 27th. Finally, Bank of America raised Vale from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $19.00 in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.85.

Insider Buying and Selling

In related news, insider Parenti Grazielle Tallia purchased 10,464 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was acquired at an average price of $16.11 per share, with a total value of $168,575.04. Following the completion of the acquisition, the insider owned 10,464 shares in the company, valued at approximately $168,575.04. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Sobrinho Sami Arap acquired 12,990 shares of the stock in a transaction dated Wednesday, April 1st. The shares were bought at an average price of $16.11 per share, with a total value of $209,268.90. Following the completion of the purchase, the vice president directly owned 12,990 shares of the company’s stock, valued at approximately $209,268.90. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information.

Vale Stock Performance

VALE opened at $15.12 on Friday. The company has a market cap of $68.61 billion, a P/E ratio of 22.56 and a beta of 0.46. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $16.30 and its 200-day moving average price is $15.57. Vale S.A. has a 52-week low of $9.27 and a 52-week high of $17.94.

Vale (NYSE:VALE) last released its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The company had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. As a group, equities analysts anticipate that Vale S.A. will post 2.15 EPS for the current fiscal year.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.