First Trust Advisors LP Has $2.19 Million Position in Vale SA (VALE)

First Trust Advisors LP lessened its position in Vale SA (NYSE:VALE) by 15.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,576 shares of the basic materials company’s stock after selling 27,572 shares during the quarter. First Trust Advisors LP’s holdings in Vale were worth $2,190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. United Services Automobile Association raised its holdings in Vale by 27.1% in the 2nd quarter. United Services Automobile Association now owns 18,763 shares of the basic materials company’s stock worth $241,000 after acquiring an additional 3,999 shares during the period. 180 Wealth Advisors LLC raised its holdings in Vale by 22.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 25,572 shares of the basic materials company’s stock worth $328,000 after acquiring an additional 4,720 shares during the period. Johnson Financial Group Inc. raised its holdings in Vale by 84.1% in the 2nd quarter. Johnson Financial Group Inc. now owns 11,600 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 5,300 shares during the period. Commonwealth Equity Services LLC raised its holdings in Vale by 26.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 31,422 shares of the basic materials company’s stock worth $403,000 after acquiring an additional 6,541 shares during the period. Finally, Cookson Peirce & Co. Inc. raised its holdings in Vale by 0.9% in the 3rd quarter. Cookson Peirce & Co. Inc. now owns 1,143,370 shares of the basic materials company’s stock worth $16,968,000 after acquiring an additional 9,900 shares during the period. Hedge funds and other institutional investors own 20.21% of the company’s stock.

NYSE:VALE opened at $13.70 on Friday. Vale SA has a 52-week low of $10.55 and a 52-week high of $16.13. The company has a current ratio of 1.65, a quick ratio of 1.21 and a debt-to-equity ratio of 0.37. The stock has a market cap of $70.28 billion, a PE ratio of 10.15 and a beta of 1.52.

Vale (NYSE:VALE) last issued its earnings results on Wednesday, October 24th. The basic materials company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Vale had a net margin of 10.70% and a return on equity of 17.87%. The business had revenue of $9.54 billion for the quarter, compared to analyst estimates of $8.97 billion. On average, research analysts expect that Vale SA will post 1.59 earnings per share for the current year.

Several research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Vale from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Zacks Investment Research upgraded shares of Vale from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Monday, October 15th. Macquarie boosted their price objective on shares of Vale from $14.75 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, September 11th. Deutsche Bank set a $15.00 price objective on shares of Vale and gave the stock a “hold” rating in a report on Tuesday, October 2nd. Finally, Citigroup downgraded shares of Vale from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $15.41.

COPYRIGHT VIOLATION NOTICE: “First Trust Advisors LP Has $2.19 Million Position in Vale SA (VALE)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.com-unik.info/2018/12/02/first-trust-advisors-lp-has-2-19-million-position-in-vale-sa-vale.html.

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.

Featured Story: What is a Leveraged Buyout (LBO)?

Want to see what other hedge funds are holding VALE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vale SA (NYSE:VALE).

Institutional Ownership by Quarter for Vale (NYSE:VALE)

Receive News & Ratings for Vale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vale and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit