Steward Partners Investment Advisory LLC bought a new position in shares of Vale SA (NYSE:VALE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,183 shares of the basic materials company’s stock, valued at approximately $217,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. American Beacon Advisors Inc. bought a new stake in Vale during the first quarter valued at $35,000. Enterprise Financial Services Corp raised its holdings in shares of Vale by 338.7% during the first quarter. Enterprise Financial Services Corp now owns 4,124 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 3,184 shares during the period. Investors Research Corp acquired a new position in shares of Vale during the first quarter valued at about $72,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vale by 360.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,940 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 4,650 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in shares of Vale during the first quarter valued at about $128,000. 19.20% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:VALE opened at $11.70 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 1.24. The stock has a market cap of $58.96 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. Vale SA has a 52 week low of $10.89 and a 52 week high of $16.13. The company has a 50-day moving average price of $13.11.
Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.34). The firm had revenue of $9.19 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Vale had a net margin of 9.30% and a return on equity of 21.11%. Analysts expect that Vale SA will post 1.39 earnings per share for the current year.
VALE has been the topic of several research reports. ValuEngine upgraded shares of Vale from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. TheStreet lowered shares of Vale from a “b-” rating to a “c” rating in a report on Thursday, May 16th. Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and upped their target price for the stock from $14.50 to $15.50 in a report on Friday, May 24th. BMO Capital Markets set a $13.00 target price on shares of Vale and gave the stock a “hold” rating in a report on Tuesday, May 14th. Finally, Deutsche Bank set a $15.00 target price on shares of Vale and gave the stock a “hold” rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.22.
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. 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; and provides related logistic services.
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