Bessemer Group Inc. increased its stake in Vale S.A. (NYSE:VALE – Free Report) by 10,216.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,571,671 shares of the basic materials company’s stock after purchasing an additional 2,546,742 shares during the quarter. Bessemer Group Inc.’s holdings in Vale were worth $40,916,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new position in Vale during the fourth quarter valued at $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its stake in shares of Vale by 128.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after buying an additional 1,155 shares during the period. Bruce G. Allen Investments LLC bought a new stake in shares of Vale in the fourth quarter valued at $33,000. Triumph Capital Management purchased a new position in shares of Vale during the 3rd quarter valued at $34,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of Vale by 15,360.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after buying an additional 3,072 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on VALE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a research note on Wednesday, July 8th. Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $18.00 to $19.00 in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price objective on shares of Vale in a report on Friday, May 15th. UBS Group increased their target price on shares of Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Finally, Scotiabank set a $19.00 target price on shares of Vale in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.54.
Vale Trading Down 0.1%
Shares of Vale stock opened at $14.20 on Friday. The company’s 50-day moving average price is $15.56 and its 200-day moving average price is $15.74. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. Vale S.A. has a 12-month low of $9.36 and a 12-month high of $17.94. The company has a market cap of $64.47 billion, a price-to-earnings ratio of 21.20 and a beta of 0.46.
Vale (NYSE:VALE – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The business had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. On average, equities analysts expect that Vale S.A. will post 1.98 earnings per share for the current fiscal year.
Vale Profile
Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.
Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.
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