Foundations Investment Advisors LLC purchased a new position in Vale S.A. (NYSE:VALE – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,264,002 shares of the basic materials company’s stock, valued at approximately $16,470,000.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Huntington National Bank grew its stake in shares of Vale by 72.3% in the fourth quarter. Huntington National Bank now owns 8,121 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 3,408 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of Vale in the fourth quarter worth $2,228,000. Bleakley Financial Group LLC grew its stake in shares of Vale by 6.7% in the fourth quarter. Bleakley Financial Group LLC now owns 22,984 shares of the basic materials company’s stock worth $299,000 after purchasing an additional 1,444 shares in the last quarter. SLT Holdings LLC bought a new position in shares of Vale in the fourth quarter worth $238,000. Finally, Hantz Financial Services Inc. grew its stake in shares of Vale by 53.7% in the fourth quarter. Hantz Financial Services Inc. now owns 179,919 shares of the basic materials company’s stock worth $2,344,000 after purchasing an additional 62,885 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.
Insiders Place Their Bets
In other Vale news, VP Sobrinho Sami Arap acquired 12,990 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The stock was purchased at an average cost of $16.11 per share, with a total value of $209,268.90. Following the purchase, the vice president owned 12,990 shares in the company, valued at approximately $209,268.90. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Parenti Grazielle Tallia acquired 10,464 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The stock was acquired at an average cost of $16.11 per share, with a total value of $168,575.04. Following the completion of the purchase, the insider owned 10,464 shares in the company, valued at approximately $168,575.04. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.
Vale Trading Down 0.1%
Vale (NYSE:VALE – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). Vale had a net margin of 7.21% and a return on equity of 21.10%. The company had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. Sell-side analysts forecast that Vale S.A. will post 2.12 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have recently issued reports on VALE. Barclays increased their price target on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. UBS Group increased their price target on Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, March 27th. Wall Street Zen raised Vale from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Wells Fargo & Company decreased their price target on Vale from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 target price on shares of Vale in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Vale presently has an average rating of “Moderate Buy” and a consensus price target of $16.65.
Check Out Our Latest Research Report on VALE
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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