Vale S.A. (NYSE:VALE) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its position in Vale S.A. (NYSE:VALE) by 195.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,355 shares of the basic materials company’s stock after purchasing an additional 42,565 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Vale were worth $751,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC lifted its stake in shares of Vale by 10.7% in the 3rd quarter. Fisher Asset Management LLC now owns 17,404,942 shares of the basic materials company’s stock valued at $203,290,000 after purchasing an additional 1,682,544 shares in the last quarter. Banco Santander S.A. lifted its stake in shares of Vale by 32.9% in the 3rd quarter. Banco Santander S.A. now owns 382,082 shares of the basic materials company’s stock valued at $4,463,000 after purchasing an additional 94,585 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Vale by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,906,975 shares of the basic materials company’s stock worth $139,073,000 after acquiring an additional 53,061 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Vale by 15.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 238,220 shares of the basic materials company’s stock worth $2,782,000 after acquiring an additional 32,462 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Vale by 6.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company’s stock worth $92,868,000 after acquiring an additional 468,432 shares in the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Price Performance

VALE stock opened at $9.87 on Friday. Vale S.A. has a 52-week low of $9.66 and a 52-week high of $16.08. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $44.25 billion, a PE ratio of 4.57, a P/E/G ratio of 0.27 and a beta of 0.94. The stock’s 50 day moving average is $10.70 and its two-hundred day moving average is $10.97.

Vale (NYSE:VALE) last issued its quarterly earnings results 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 business had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the previous year, the business earned $0.66 EPS. Analysts predict that Vale S.A. will post 2.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VALE has been the topic of several recent research reports. Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. Morgan Stanley reduced their price target on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. Scotiabank reduced their price target 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. JPMorgan Chase & Co. reduced their price target on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, September 23rd. Finally, StockNews.com started coverage on Vale in a 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.13.

Vale Company 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.