Vale S.A. (NYSE:VALE) Shares Acquired by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC raised its stake in shares of Vale S.A. (NYSE:VALE) by 113.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,205 shares of the basic materials company’s stock after purchasing an additional 25,065 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in Vale were worth $551,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Vale by 18.2% in the 3rd quarter. FMR LLC now owns 36,605,338 shares of the basic materials company’s stock worth $427,550,000 after purchasing an additional 5,635,167 shares during the period. SPX Gestao de Recursos Ltda raised its holdings in Vale by 60.6% in the second quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company’s stock valued at $245,404,000 after buying an additional 8,288,112 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Vale by 3,692.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company’s stock valued at $212,576,000 after buying an additional 17,720,100 shares during the period. Fisher Asset Management LLC lifted its position in Vale by 10.7% during the third quarter. Fisher Asset Management LLC now owns 17,404,942 shares of the basic materials company’s stock valued at $203,290,000 after buying an additional 1,682,544 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Vale by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,906,975 shares of the basic materials company’s stock worth $139,073,000 after buying an additional 53,061 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Shares of NYSE VALE opened at $9.87 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a 1 year low of $9.64 and a 1 year high of $16.08. The stock’s 50-day simple moving average is $10.69 and its 200-day simple moving average is $10.95. The firm has a market cap of $44.23 billion, a price-to-earnings ratio of 4.57, a PEG ratio of 0.27 and a beta of 0.94.

Vale (NYSE:VALE) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The firm had revenue of $9.55 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same quarter last year, the firm earned $0.66 EPS. As a group, equities analysts anticipate that Vale S.A. will post 2.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VALE has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research note on Thursday, September 19th. Scotiabank cut their price objective on Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 20th. StockNews.com assumed coverage on Vale in a research note on Friday, October 18th. They set a “buy” rating on the stock. JPMorgan Chase & Co. lowered their target price on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research note on Monday, September 23rd. Finally, Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Vale 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.