SPX Gestao de Recursos Ltda Has $88.14 Million Stock Position in Vale S.A. $VALE

SPX Gestao de Recursos Ltda raised its position in Vale S.A. (NYSE:VALE) by 1,302.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,539,608 shares of the basic materials company’s stock after buying an additional 5,144,590 shares during the period. Vale comprises approximately 7.3% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 4th largest holding. SPX Gestao de Recursos Ltda’s holdings in Vale were worth $88,135,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in Vale by 2.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 28,913 shares of the basic materials company’s stock valued at $377,000 after purchasing an additional 632 shares during the period. Chesapeake Capital Corp IL grew its holdings in Vale by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 72,358 shares of the basic materials company’s stock worth $943,000 after acquiring an additional 646 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of Vale by 1.8% in the 4th quarter. Checchi Capital Advisers LLC now owns 38,134 shares of the basic materials company’s stock valued at $497,000 after purchasing an additional 675 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Vale by 1.3% in the 4th quarter. Quadrant Capital Group LLC now owns 66,870 shares of the basic materials company’s stock valued at $871,000 after purchasing an additional 853 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Vale by 5.4% in the 3rd quarter. Parallel Advisors LLC now owns 17,350 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 885 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

Shares of Vale stock opened at $14.20 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79. The firm has a market cap of $64.47 billion, a price-to-earnings ratio of 21.20 and a beta of 0.46. The stock’s 50-day moving average is $15.56 and its 200-day moving average is $15.74. Vale S.A. has a one year low of $9.36 and a one year high of $17.94.

Vale (NYSE:VALE) last posted its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). Vale had a return on equity of 21.10% and a net margin of 7.21%.The firm had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.53 billion. Equities analysts predict that Vale S.A. will post 1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

VALE has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Wall Street Zen cut shares of Vale from a “buy” rating to a “hold” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 target price on shares of Vale in a report on Friday, May 15th. Royal Bank Of Canada restated a “sector perform” rating on shares of Vale in a research report on Monday, June 15th. Finally, Bank of America raised Vale from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $19.00 in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Vale has a consensus rating of “Moderate Buy” and a consensus price target of $16.54.

Vale Profile

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.