Global Assets Advisory LLC Makes New Investment in Vale S.A. (NYSE:VALE)

Global Assets Advisory LLC bought a new stake in Vale S.A. (NYSE:VALE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,578 shares of the basic materials company’s stock, valued at approximately $373,000.

A number of other hedge funds have also recently modified their holdings of the business. Richardson Financial Services Inc. bought a new position in shares of Vale in the 4th quarter worth $31,000. Whittier Trust Co. grew its position in Vale by 423.1% during the fourth quarter. Whittier Trust Co. now owns 1,951 shares of the basic materials company’s stock valued at $31,000 after buying an additional 1,578 shares during the period. Rakuten Securities Inc. purchased a new position in shares of Vale in the 4th quarter valued at about $31,000. GAMMA Investing LLC acquired a new position in shares of Vale during the 4th quarter worth approximately $32,000. Finally, Versant Capital Management Inc purchased a new position in Vale during the first quarter valued at $26,000. Institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. StockNews.com started coverage on Vale in a report on Saturday, March 30th. They set a “buy” rating for the company. UBS Group upgraded Vale from a “neutral” rating to a “buy” rating and upped their target price for the company from $13.00 to $15.00 in a research note on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Vale from $18.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, April 4th. Finally, Bank of America restated a “neutral” rating and set a $13.00 price objective (down previously from $20.00) on shares of Vale in a research note on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vale presently has a consensus rating of “Moderate Buy” and an average price target of $16.55.

Vale Stock Performance

VALE opened at $11.16 on Friday. The firm has a market cap of $50.01 billion, a P/E ratio of 6.16, a PEG ratio of 4.90 and a beta of 0.98. The company has a 50 day simple moving average of $12.04 and a two-hundred day simple moving average of $13.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.12 and a quick ratio of 0.79. Vale S.A. has a 1-year low of $10.99 and a 1-year high of $16.08.

Vale (NYSE:VALE) last posted its earnings results on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Vale had a net margin of 18.72% and a return on equity of 19.59%. Equities analysts forecast that Vale S.A. will post 2.18 earnings per share for the current fiscal year.

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.