Healthcare of Ontario Pension Plan Trust Fund Has $212.58 Million Stake in Vale S.A. (NYSE:VALE)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Vale S.A. (NYSE:VALE) by 3,692.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,200,000 shares of the basic materials company’s stock after buying an additional 17,720,100 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.41% of Vale worth $212,576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Ballentine Partners LLC raised its stake in shares of 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 purchasing an additional 987 shares during the period. Legacy Capital Group California Inc. boosted its stake in Vale by 6.9% in the second quarter. Legacy Capital Group California Inc. now owns 17,932 shares of the basic materials company’s stock worth $200,000 after buying an additional 1,154 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Vale by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock worth $693,000 after buying an additional 1,187 shares in the last quarter. IFG Advisory LLC boosted 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 buying an additional 1,296 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in Vale by 5.0% in the third quarter. Pinnacle Associates Ltd. now owns 28,754 shares of the basic materials company’s stock valued at $336,000 after purchasing an additional 1,375 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Monday, September 23rd. UBS Group cut Vale from a “buy” rating to a “neutral” rating and cut their target price for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Morgan Stanley dropped their price objective on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. StockNews.com began coverage on Vale in a report on Friday, October 18th. They issued a “buy” rating on the stock. Finally, Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vale presently has an average rating of “Hold” and a consensus target price of $15.13.

Vale Trading Down 1.7 %

Shares of NYSE VALE opened at $9.90 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $10.73 and a two-hundred day simple moving average of $10.98. The firm has a market cap of $44.36 billion, a PE ratio of 4.58, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94. Vale S.A. has a twelve month low of $9.66 and a twelve month high of $16.08.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. The firm had revenue of $9.55 billion during the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same period in the previous year, the company posted $0.66 EPS. Analysts expect 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.