11,836 Shares in Vale S.A. $VALE Acquired by Midwest Trust Co

Midwest Trust Co bought a new stake in Vale S.A. (NYSE:VALE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,836 shares of the basic materials company’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GQG Partners LLC purchased a new position in shares of Vale during the first quarter worth $371,778,000. Orbis Allan Gray Ltd lifted its stake in Vale by 165.9% during the 1st quarter. Orbis Allan Gray Ltd now owns 31,257,989 shares of the basic materials company’s stock worth $311,955,000 after acquiring an additional 19,500,437 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in Vale during the 1st quarter worth about $36,118,000. Nuveen LLC purchased a new position in Vale during the 1st quarter valued at about $34,751,000. Finally, Davis Selected Advisers purchased a new position in Vale during the 1st quarter valued at about $27,280,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on VALE. Barclays boosted their price target on shares of Vale from $13.80 to $14.50 and gave the stock an “overweight” rating in a research note on Monday. Scotiabank upgraded shares of Vale from a “sector perform” rating to a “sector outperform” rating and set a $14.00 price objective for the company in a report on Thursday, September 18th. JPMorgan Chase & Co. upped their target price on shares of Vale from $13.50 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Clarkson Capital began coverage on shares of Vale in a report on Wednesday, September 3rd. They set a “buy” rating and a $12.00 target price on the stock. Finally, Hsbc Global Res upgraded shares of Vale to a “strong-buy” rating in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Vale has a consensus rating of “Moderate Buy” and a consensus target price of $12.61.

Vale Stock Performance

Shares of Vale stock opened at $12.39 on Friday. The business has a 50-day simple moving average of $11.26 and a 200-day simple moving average of $10.28. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.22. Vale S.A. has a one year low of $8.06 and a one year high of $12.60. The company has a market cap of $56.24 billion, a PE ratio of 10.07 and a beta of 0.82.

Vale (NYSE:VALE) last issued its earnings results on Thursday, October 30th. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.14. Vale had a net margin of 14.23% and a return on equity of 18.14%. The firm had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.39 billion. On average, equities research analysts forecast that Vale S.A. will post 1.85 EPS for the current fiscal year.

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.