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

Fiduciary Financial Group LLC purchased a new position in Vale S.A. (NYSE:VALE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 26,639 shares of the basic materials company’s stock, valued at approximately $226,000.

Several other hedge funds have also bought and sold shares of VALE. Ballentine Partners LLC grew its holdings 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 during the last quarter. Bank of New York Mellon Corp grew its holdings 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 during the last quarter. Pinnacle Associates Ltd. grew its holdings 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 during the last quarter. Keynote Financial Services LLC grew its holdings 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 during the last quarter. Finally, Principal Financial Group Inc. grew its holdings 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 during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. 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 report on Wednesday, December 4th. Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. StockNews.com started coverage on shares of Vale in a research note on Friday, December 13th. They issued a “buy” rating on the stock. Jefferies Financial Group dropped their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Vale presently has a consensus rating of “Hold” and an average price target of $13.89.

Vale Price Performance

Shares of VALE opened at $8.77 on Thursday. The company has a 50 day moving average price of $9.43 and a 200-day moving average price of $10.31. Vale S.A. has a fifty-two week low of $8.38 and a fifty-two week high of $14.54. The stock has a market capitalization of $39.32 billion, a PE ratio of 4.06, a PEG 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.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The firm had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the prior year, the company earned $0.66 EPS. Equities analysts predict that Vale S.A. will post 2.08 earnings per share for the current fiscal year.

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.