Richard P Slaughter Associates Inc Has $2.51 Million Holdings in Vale S.A. (NYSE:VALE)

Richard P Slaughter Associates Inc lifted its holdings in Vale S.A. (NYSE:VALE) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,130 shares of the basic materials company’s stock after purchasing an additional 5,260 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in Vale were worth $2,511,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VALE. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Vale by 3,692.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company’s stock worth $212,576,000 after buying an additional 17,720,100 shares during the last quarter. SPX Gestao de Recursos Ltda raised its holdings in Vale by 60.6% during the second quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company’s stock worth $245,404,000 after acquiring an additional 8,288,112 shares in the last quarter. Holocene Advisors LP acquired a new position in Vale during the third quarter valued at approximately $80,300,000. Itau Unibanco Holding S.A. grew its stake in Vale by 123.4% in the third quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company’s stock valued at $140,859,000 after purchasing an additional 6,660,933 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Vale by 395.3% during the 2nd quarter. Marshall Wace LLP now owns 7,152,069 shares of the basic materials company’s stock worth $79,889,000 after purchasing an additional 5,707,969 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

NYSE VALE opened at $8.62 on Wednesday. The firm has a 50-day moving average price of $9.43 and a two-hundred day moving average price of $10.31. Vale S.A. has a 12-month low of $8.38 and a 12-month high of $14.54. The company has a market capitalization of $38.64 billion, a P/E ratio of 3.99, a P/E/G ratio of 0.25 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 (NYSE:VALE) last issued 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. Vale had a return on equity of 21.07% and a net margin of 22.59%. The business had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same period in the previous year, the company posted $0.66 earnings per share. Analysts anticipate that Vale S.A. will post 2.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VALE shares. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Scotiabank lowered their price objective on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th. Morgan Stanley cut shares of Vale from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Jefferies Financial Group lowered their price target on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com began coverage on Vale in a research report on Friday, December 13th. They issued a “buy” rating for the company. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Vale presently has a consensus rating of “Hold” and a consensus price target of $13.89.

About Vale

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.