Barclays PLC Purchases 72,766 Shares of Vale S.A. (NYSE:VALE)

Barclays PLC lifted its holdings in shares of Vale S.A. (NYSE:VALEFree Report) by 9.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 877,551 shares of the basic materials company’s stock after acquiring an additional 72,766 shares during the quarter. Barclays PLC’s holdings in Vale were worth $11,760,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new position in Vale in the third quarter worth about $235,000. abrdn plc increased its stake in Vale by 3.4% in the 3rd quarter. abrdn plc now owns 3,962,267 shares of the basic materials company’s stock worth $53,094,000 after acquiring an additional 131,287 shares during the last quarter. Mondrian Investment Partners LTD increased its stake in Vale by 1.7% in the 3rd quarter. Mondrian Investment Partners LTD now owns 9,254,277 shares of the basic materials company’s stock worth $124,007,000 after acquiring an additional 150,918 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Vale by 281.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 794,993 shares of the basic materials company’s stock worth $10,653,000 after acquiring an additional 586,663 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Vale by 13.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 117,397 shares of the basic materials company’s stock worth $1,573,000 after acquiring an additional 13,868 shares during the last quarter. Institutional investors own 16.90% of the company’s stock.

Vale Price Performance

Shares of NYSE VALE opened at $13.42 on Wednesday. The firm has a market capitalization of $60.16 billion, a P/E ratio of 6.42 and a beta of 1.00. Vale S.A. has a one year low of $12.22 and a one year high of $17.55. The company’s fifty day moving average is $14.77 and its two-hundred day moving average is $14.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.70 and a current ratio of 1.08.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup upgraded Vale from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $16.00 in a research note on Monday, October 30th. The Goldman Sachs Group raised Vale from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.20 to $19.50 in a report on Tuesday, November 21st. Deutsche Bank Aktiengesellschaft lowered Vale from a “buy” rating to a “hold” rating and dropped their target price for the stock from $18.00 to $17.00 in a report on Thursday, November 16th. Barclays cut their price objective on Vale from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, December 6th. Finally, Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Vale currently has an average rating of “Moderate Buy” and an average target price of $16.67.

View Our Latest Stock Report on VALE

Vale Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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