Blue Trust Inc. Purchases 7,159 Shares of Vale S.A. (NYSE:VALE)

Blue Trust Inc. grew its position in Vale S.A. (NYSE:VALE) by 41.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,628 shares of the basic materials company’s stock after purchasing an additional 7,159 shares during the period. Blue Trust Inc.’s holdings in Vale were worth $218,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Vale in the third quarter valued at about $28,000. Brooklyn Investment Group raised its holdings in Vale by 215.9% during the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 1,900 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Vale during the third quarter worth about $36,000. Cornerstone Planning Group LLC raised its holdings in Vale by 3,092.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 3,092 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in Vale during the fourth quarter worth about $30,000. 21.85% of the stock is currently owned by institutional investors.

Vale Price Performance

Vale stock opened at $9.76 on Thursday. Vale S.A. has a 12 month low of $8.38 and a 12 month high of $13.76. The stock’s 50 day moving average is $9.08 and its 200-day moving average is $9.99. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $44.28 billion, a price-to-earnings ratio of 4.52, a PEG ratio of 0.30 and a beta of 0.91.

Analysts Set New Price Targets

Several analysts recently issued reports on VALE shares. StockNews.com started coverage on Vale in a report on Friday, December 13th. They set a “buy” rating on the stock. Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Scotiabank dropped their target price on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, January 6th. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $11.50 in a report on Monday, November 11th. Finally, Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.26.

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.