Fiduciary Financial Group LLC Buys New Stake in Vale S.A. (NYSE:VALE)

Fiduciary Financial Group LLC bought a new stake in shares of Vale S.A. (NYSE:VALE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,639 shares of the basic materials company’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ballentine Partners LLC increased its stake in Vale by 7.8% during the 3rd quarter. Ballentine Partners LLC now owns 13,627 shares of the basic materials company’s stock valued at $159,000 after purchasing an additional 987 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Vale by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock valued at $693,000 after purchasing an additional 1,187 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in Vale by 5.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 28,754 shares of the basic materials company’s stock valued at $336,000 after purchasing an additional 1,375 shares in the last quarter. Keynote Financial Services LLC increased its stake in Vale by 13.5% during the 3rd quarter. Keynote Financial Services LLC now owns 11,737 shares of the basic materials company’s stock valued at $137,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Vale by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company’s stock valued at $1,852,000 after purchasing an additional 1,494 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Stock Up 1.7 %

VALE stock opened at $8.77 on Thursday. The firm has a market cap of $39.32 billion, a PE ratio of 4.06, a P/E/G ratio of 0.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The firm’s fifty day moving average is $9.43 and its 200 day moving average is $10.31. Vale S.A. has a one year low of $8.38 and a one year high of $14.54.

Vale (NYSE:VALE) last released its quarterly earnings results 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. The company had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter last year, the business earned $0.66 earnings per share. On average, research analysts forecast that Vale S.A. will post 2.08 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on VALE shares. Barclays cut their price target on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Morgan Stanley lowered shares of Vale from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Scotiabank cut their price objective on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th. UBS Group lowered shares of Vale from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Finally, Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.89.

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.