Clear Street Group Inc. Purchases Shares of 31,581 Vale S.A. $VALE

Clear Street Group Inc. acquired a new position in shares of Vale S.A. (NYSE:VALE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,581 shares of the basic materials company’s stock, valued at approximately $412,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in Vale during the 4th quarter worth approximately $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its holdings in Vale by 128.3% in the 4th 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 in the last quarter. Bruce G. Allen Investments LLC bought a new position in Vale during the 4th quarter worth $33,000. Cary Street Partners Investment Advisory LLC increased its position in Vale by 60.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,030 shares during the period. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Vale by 15,360.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after buying an additional 3,072 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VALE shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vale in a research report on Monday. Morgan Stanley raised their price target on shares of Vale from $18.00 to $19.50 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. boosted their price objective on shares of Vale from $19.50 to $21.00 and gave the company an “overweight” rating in a report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research report on Friday, April 10th. Finally, Wall Street Zen cut shares of Vale from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.85.

Vale Stock Up 1.7%

Shares of NYSE VALE opened at $15.98 on Tuesday. The stock has a market capitalization of $72.52 billion, a P/E ratio of 23.84 and a beta of 0.46. The stock’s fifty day moving average is $16.51 and its 200 day moving average is $15.43. Vale S.A. has a 52 week low of $8.97 and a 52 week high of $17.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24.

Vale (NYSE:VALE) last announced 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). Vale had a return on equity of 21.10% and a net margin of 7.21%.The firm had revenue of $9.26 billion for the quarter, compared to analyst estimates of $9.53 billion. Sell-side analysts forecast that Vale S.A. will post 2.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Parenti Grazielle Tallia purchased 10,464 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The shares were acquired at an average price of $16.11 per share, for a total transaction of $168,575.04. Following the transaction, the insider owned 10,464 shares of the company’s stock, valued at approximately $168,575.04. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sobrinho Sami Arap acquired 12,990 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was purchased at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the completion of the purchase, the vice president directly owned 12,990 shares of the company’s stock, valued at $209,268.90. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Vale Company 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.