Integrated Wealth Concepts LLC Boosts Stake in Vale S.A. (NYSE:VALE)

Integrated Wealth Concepts LLC lifted its holdings in Vale S.A. (NYSE:VALE) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,037 shares of the basic materials company’s stock after purchasing an additional 4,007 shares during the period. Integrated Wealth Concepts LLC’s holdings in Vale were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Vale by 6.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company’s stock valued at $92,868,000 after purchasing an additional 468,432 shares in the last quarter. Bank of Montreal Can raised its position in shares of Vale by 274.4% during the 3rd quarter. Bank of Montreal Can now owns 162,453 shares of the basic materials company’s stock worth $1,915,000 after purchasing an additional 119,061 shares during the last quarter. Bridgewater Associates LP raised its position in shares of Vale by 723.2% during the 3rd quarter. Bridgewater Associates LP now owns 2,035,477 shares of the basic materials company’s stock worth $23,774,000 after purchasing an additional 1,788,205 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Vale by 1,680.0% in the 3rd quarter. International Assets Investment Management LLC now owns 242,514 shares of the basic materials company’s stock valued at $2,833,000 after buying an additional 228,890 shares in the last quarter. Finally, Banco Santander S.A. boosted its holdings in Vale by 32.9% in the 3rd quarter. Banco Santander S.A. now owns 382,082 shares of the basic materials company’s stock worth $4,463,000 after buying an additional 94,585 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

Shares of Vale stock opened at $9.85 on Tuesday. The firm has a market cap of $44.14 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of 0.26 and a beta of 0.91. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale S.A. has a 52 week low of $9.33 and a 52 week high of $16.08. The business’s fifty day simple moving average is $10.49 and its 200-day simple moving average is $10.79.

Vale (NYSE:VALE) last posted its earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The company had revenue of $9.55 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. Equities analysts forecast that Vale S.A. will post 2.08 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on VALE shares. JPMorgan Chase & Co. reduced their target price on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Monday, September 23rd. Scotiabank reduced their price objective on Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 20th. Barclays lowered their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Morgan Stanley dropped their target price on shares of Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a report on Thursday, September 19th. Finally, StockNews.com initiated coverage on shares of Vale in a research report on Friday, October 18th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.91.

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.