Banco Santander S.A. Has $4.46 Million Stock Position in Vale S.A. (NYSE:VALE)

Banco Santander S.A. boosted its position in Vale S.A. (NYSE:VALE) by 32.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 382,082 shares of the basic materials company’s stock after buying an additional 94,585 shares during the quarter. Banco Santander S.A.’s holdings in Vale were worth $4,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in Vale by 28.6% in the 1st quarter. Advisors Asset Management Inc. now owns 182,222 shares of the basic materials company’s stock valued at $2,221,000 after acquiring an additional 40,485 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of Vale by 20.1% in the first quarter. 1832 Asset Management L.P. now owns 99,900 shares of the basic materials company’s stock valued at $1,218,000 after purchasing an additional 16,700 shares in the last quarter. Lazard Asset Management LLC lifted its position in Vale by 4.1% in the first quarter. Lazard Asset Management LLC now owns 12,269,261 shares of the basic materials company’s stock worth $149,561,000 after purchasing an additional 485,702 shares during the period. Absolute Gestao de Investimentos Ltda. acquired a new stake in Vale during the first quarter worth $610,000. Finally, Tidal Investments LLC increased its holdings in Vale by 17.1% in the 1st quarter. Tidal Investments LLC now owns 288,419 shares of the basic materials company’s stock valued at $3,515,000 after buying an additional 42,118 shares during the period. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Stock Down 0.7 %

Shares of VALE opened at $9.96 on Friday. The firm has a market capitalization of $44.65 billion, a price-to-earnings ratio of 4.61, a PEG ratio of 0.27 and a beta of 0.94. Vale S.A. has a 52 week low of $9.66 and a 52 week high of $16.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The business’s fifty day moving average price is $10.77 and its two-hundred day moving average price is $11.06.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating 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 quarter last year, the business earned $0.66 earnings per share. On average, analysts predict that Vale S.A. will post 2.12 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on VALE. Scotiabank lowered their target price on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Wednesday. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and decreased their price target for the company from $14.00 to $11.50 in a research note on Monday, November 11th. JPMorgan Chase & Co. lowered their target price on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Monday, September 23rd. Wolfe Research lowered shares of Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley reduced their target price on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.13.

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.