Vale S.A. (NYSE:VALE) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in Vale S.A. (NYSE:VALE) by 28.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,222 shares of the basic materials company’s stock after purchasing an additional 40,485 shares during the period. Advisors Asset Management Inc.’s holdings in Vale were worth $2,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VALE. Raymond James Financial Services Advisors Inc. grew its holdings in Vale by 28.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 142,814 shares of the basic materials company’s stock valued at $2,265,000 after purchasing an additional 31,684 shares during the period. Pacer Advisors Inc. grew its stake in Vale by 3.1% during the fourth quarter. Pacer Advisors Inc. now owns 92,624 shares of the basic materials company’s stock worth $1,469,000 after buying an additional 2,750 shares during the period. Schechter Investment Advisors LLC purchased a new stake in Vale during the fourth quarter worth approximately $233,000. IFG Advisory LLC grew its stake in Vale by 11.5% during the fourth quarter. IFG Advisory LLC now owns 20,887 shares of the basic materials company’s stock worth $331,000 after buying an additional 2,156 shares during the period. Finally, Blue Trust Inc. grew its stake in Vale by 10.2% during the fourth quarter. Blue Trust Inc. now owns 10,097 shares of the basic materials company’s stock worth $160,000 after buying an additional 932 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Up 1.5 %

VALE stock opened at $10.86 on Friday. 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 $10.64 and a 1-year high of $16.08. The firm has a fifty day moving average price of $11.51 and a two-hundred day moving average price of $12.43. The firm has a market cap of $48.69 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 3.62 and a beta of 0.96.

Vale (NYSE:VALE) last released 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). Vale had a net margin of 23.07% and a return on equity of 22.03%. The business had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.35 billion. Research analysts predict that Vale S.A. will post 2.18 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Vale in a research note on Saturday, March 30th. They set a “buy” rating for the company. Morgan Stanley reduced their target price on shares of Vale from $18.00 to $15.50 and set an “overweight” rating on the stock in a research report on Friday, June 21st. BNP Paribas raised shares of Vale from an “underperform” rating to a “neutral” rating in a research report on Friday, June 21st. JPMorgan Chase & Co. reduced their target price on shares of Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Bank of America reissued a “neutral” rating and set a $13.00 target price (down from $20.00) on shares of Vale in a research report on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Vale presently has a consensus rating of “Moderate Buy” and an average target price of $16.85.

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.