Private Advisor Group LLC Purchases 10,730 Shares of Vale S.A. (NYSE:VALE)

Private Advisor Group LLC boosted its position in shares of Vale S.A. (NYSE:VALE) by 50.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,802 shares of the basic materials company’s stock after purchasing an additional 10,730 shares during the quarter. Private Advisor Group LLC’s holdings in Vale were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC raised its holdings in Vale by 109.1% during the 1st quarter. Cetera Advisors LLC now owns 101,406 shares of the basic materials company’s stock worth $1,236,000 after purchasing an additional 52,906 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Vale by 395.3% in the 2nd quarter. Marshall Wace LLP now owns 7,152,069 shares of the basic materials company’s stock valued at $79,889,000 after acquiring an additional 5,707,969 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Vale in the 1st quarter valued at about $1,379,000. Itau Unibanco Holding S.A. increased its stake in shares of Vale by 10.4% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 5,398,881 shares of the basic materials company’s stock valued at $58,690,000 after acquiring an additional 508,100 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Vale by 49.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,642,469 shares of the basic materials company’s stock valued at $42,544,000 after acquiring an additional 1,200,786 shares during the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Trading Up 0.2 %

NYSE VALE opened at $10.81 on Wednesday. The company has a market cap of $48.44 billion, a PE ratio of 5.00, a PEG ratio of 0.29 and a beta of 0.94. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. Vale S.A. has a 12 month low of $9.66 and a 12 month high of $16.08. The stock has a 50 day moving average of $10.79 and a 200-day moving average of $11.22.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The company had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, equities research analysts anticipate that Vale S.A. will post 2.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley lowered their price target on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday, September 19th. StockNews.com initiated coverage on Vale in a research report on Friday, October 18th. They issued a “buy” rating for the company. Scotiabank decreased their price objective on Vale from $17.00 to $16.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 15th. Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price target on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vale presently has an average rating of “Moderate Buy” and a consensus target price of $16.17.

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.