Robeco Institutional Asset Management B.V. Acquires 210,674 Shares of Vale S.A. (NYSE:VALE)

Robeco Institutional Asset Management B.V. grew its stake in shares of Vale S.A. (NYSE:VALE) by 4.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,719,838 shares of the basic materials company’s stock after buying an additional 210,674 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.11% of Vale worth $55,128,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ballentine Partners LLC grew its position in Vale by 7.8% during the 3rd quarter. Ballentine Partners LLC now owns 13,627 shares of the basic materials company’s stock worth $159,000 after acquiring an additional 987 shares during the last quarter. Legacy Capital Group California Inc. raised its holdings in Vale by 6.9% during the 2nd quarter. Legacy Capital Group California Inc. now owns 17,932 shares of the basic materials company’s stock valued at $200,000 after buying an additional 1,154 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Vale by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock valued at $693,000 after acquiring an additional 1,187 shares during the last quarter. Inspire Advisors LLC lifted its holdings in Vale by 6.8% in the 1st quarter. Inspire Advisors LLC now owns 19,277 shares of the basic materials company’s stock worth $235,000 after buying an additional 1,226 shares during the period. Finally, IFG Advisory LLC lifted its stake in Vale by 6.1% in the second quarter. IFG Advisory LLC now owns 22,702 shares of the basic materials company’s stock worth $254,000 after acquiring an additional 1,296 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VALE shares. Scotiabank reduced their price target on Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. dropped their target price on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Monday, September 23rd. Morgan Stanley lowered their price target on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research report on Thursday, September 19th. StockNews.com began coverage on shares of Vale in a research note on Friday, October 18th. They issued a “buy” rating on the stock. Finally, Wolfe Research lowered shares of Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.17.

Vale Stock Performance

Shares of NYSE VALE opened at $10.78 on Tuesday. The firm’s 50-day moving average price is $10.79 and its 200-day moving average price is $11.23. Vale S.A. has a 52-week low of $9.66 and a 52-week high of $16.08. The company has a market cap of $48.33 billion, a PE ratio of 4.99, a PEG ratio of 0.29 and a beta of 0.95. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. The business had revenue of $9.55 billion for the quarter, compared to analysts’ expectations of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same period last year, the firm posted $0.66 earnings per share. As a group, analysts anticipate that Vale S.A. will post 2.1 EPS for the current year.

Vale 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.