Banque Cantonale Vaudoise Acquires New Holdings in Vale S.A. $VALE

Banque Cantonale Vaudoise acquired a new stake in shares of Vale S.A. (NYSE:VALE) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 36,199 shares of the basic materials company’s stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Vale during the fourth quarter valued at about $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised 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 during the last quarter. Bruce G. Allen Investments LLC bought a new position in Vale in the 4th quarter valued at approximately $33,000. Triumph Capital Management acquired a new stake in Vale during the 3rd quarter worth approximately $34,000. Finally, Cornerstone Planning Group LLC boosted its position in 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 worth $40,000 after buying an additional 3,072 shares during the period. Institutional investors own 21.85% of the company’s stock.

Insider Transactions at Vale

In related news, VP Sobrinho Sami Arap purchased 12,990 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The stock was bought at an average price of $16.11 per share, for a total transaction of $209,268.90. Following the completion of the transaction, the vice president owned 12,990 shares in the company, valued at $209,268.90. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Parenti Grazielle Tallia bought 10,464 shares of Vale stock in a transaction dated Wednesday, April 1st. The shares were bought at an average cost of $16.11 per share, with a total value of $168,575.04. Following the completion of the transaction, the insider directly owned 10,464 shares in the company, valued at approximately $168,575.04. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Wall Street Analyst Weigh In

VALE has been the topic of several analyst reports. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $18.00 to $19.00 in a research note on Thursday, April 2nd. UBS Group lifted their target price on Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $18.00 price target on shares of Vale in a research note on Friday, May 15th. Finally, Wells Fargo & Company lowered their price objective on Vale from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.85.

Vale Stock Performance

Shares of Vale stock opened at $15.09 on Monday. Vale S.A. has a one year low of $9.36 and a one year high of $17.94. The firm has a market capitalization of $68.49 billion, a price-to-earnings ratio of 22.52 and a beta of 0.46. The business has a 50-day simple moving average of $16.25 and a 200 day simple moving average of $15.59. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79.

Vale (NYSE:VALE) last announced its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS 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 business had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.53 billion. On average, research analysts anticipate that Vale S.A. will post 2.15 earnings per share for the current fiscal year.

About Vale

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.