Qtron Investments LLC Has $1.94 Million Stock Position in Vale S.A. $VALE

by · The Markets Daily

Qtron Investments LLC increased its stake in Vale S.A. (NYSE:VALE – Free Report) by 79.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,116 shares of the basic materials company’s stock after purchasing an additional 66,093 shares during the period. Qtron Investments LLC’s holdings in Vale were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in Vale by 2.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 28,913 shares of the basic materials company’s stock worth $377,000 after purchasing an additional 632 shares during the period. Chesapeake Capital Corp IL boosted its stake in Vale by 0.9% in the 4th quarter. Chesapeake Capital Corp IL now owns 72,358 shares of the basic materials company’s stock worth $943,000 after purchasing an additional 646 shares during the period. Checchi Capital Advisers LLC boosted its stake in Vale by 1.8% in the 4th quarter. Checchi Capital Advisers LLC now owns 38,134 shares of the basic materials company’s stock worth $497,000 after purchasing an additional 675 shares during the period. Parallel Advisors LLC boosted its stake in 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 period. Finally, Carrera Capital Advisors boosted its stake in Vale by 7.4% in the 4th quarter. Carrera Capital Advisors now owns 13,961 shares of the basic materials company’s stock worth $191,000 after purchasing an additional 964 shares during the period. 21.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Vale from $18.50 to $19.50 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.00 to $19.00 in a research note on Thursday, April 2nd. Royal Bank Of Canada downgraded shares of Vale from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $14.50 to $15.50 in a research note on Thursday, March 12th. Barclays increased their price objective on shares of Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Finally, UBS Group increased their price objective on shares of Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Vale has a consensus rating of “Moderate Buy” and an average price target of $16.65.

View Our Latest Report on VALE

Vale Stock Up 3.0%

Shares of VALE stock opened at $15.38 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24. The firm’s 50-day moving average is $16.52 and its 200-day moving average is $15.38. The stock has a market cap of $69.81 billion, a price-to-earnings ratio of 22.96 and a beta of 0.46. Vale S.A. has a 52-week low of $8.97 and a 52-week high of $17.94.

Vale (NYSE:VALE – Get Free Report) last issued its earnings results 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). The firm had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. Sell-side analysts predict that Vale S.A. will post 2.15 EPS for the current year.

Insider Transactions at Vale

In other news, insider Parenti Grazielle Tallia bought 10,464 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were bought at an average cost of $16.11 per share, with a total value of $168,575.04. Following the acquisition, the insider owned 10,464 shares in the company, valued at $168,575.04. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sobrinho Sami Arap bought 12,990 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was purchased at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the completion of the acquisition, the vice president owned 12,990 shares in the company, valued at $209,268.90. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

About Vale

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding VALE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vale S.A. (NYSE:VALE – Free Report).