Pendal Group Ltd Sells 654,014 Shares of Vale (VALE)

Pendal Group Ltd lowered its holdings in shares of Vale (NYSE:VALE) by 38.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,040,237 shares of the basic materials company’s stock after selling 654,014 shares during the period. Pendal Group Ltd’s holdings in Vale were worth $13,232,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in VALE. KCS Wealth Advisory bought a new position in shares of Vale during the 4th quarter valued at $125,000. Bank of Montreal Can grew its holdings in shares of Vale by 13.4% during the 4th quarter. Bank of Montreal Can now owns 598,762 shares of the basic materials company’s stock valued at $7,323,000 after purchasing an additional 70,728 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Vale by 43.7% during the 4th quarter. Acadian Asset Management LLC now owns 20,382,633 shares of the basic materials company’s stock valued at $249,279,000 after purchasing an additional 6,199,051 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Vale by 49.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 25,592 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 8,517 shares during the last quarter. Finally, Cornerstone Investment Partners LLC grew its holdings in shares of Vale by 100.0% during the 4th quarter. Cornerstone Investment Partners LLC now owns 132,000 shares of the basic materials company’s stock valued at $1,614,000 after purchasing an additional 66,000 shares during the last quarter. 19.03% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on VALE shares. Deutsche Bank lowered shares of Vale from a “buy” rating to a “hold” rating and raised their price target for the stock from $12.00 to $12.50 in a report on Tuesday, January 16th. Credit Suisse Group reissued a “buy” rating and issued a $16.00 price target on shares of Vale in a report on Wednesday, January 24th. Jefferies Group reissued a “hold” rating and issued a $14.00 price target on shares of Vale in a report on Thursday, February 15th. Zacks Investment Research raised shares of Vale from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Monday, February 19th. Finally, Cowen reissued a “market perform” rating and issued a $15.00 price target (up previously from $11.00) on shares of Vale in a report on Thursday, March 1st. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $13.63.



Shares of VALE opened at $14.61 on Monday. The stock has a market cap of $76.23 billion, a PE ratio of 10.82 and a beta of 1.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.53. Vale has a 1-year low of $7.47 and a 1-year high of $14.95.

Vale (NYSE:VALE) last announced its earnings results on Tuesday, February 27th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. The firm had revenue of $9.17 billion for the quarter. Vale had a net margin of 13.53% and a return on equity of 14.68%. research analysts expect that Vale will post 1.46 EPS for the current year.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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