Park Avenue Securities LLC Raises Holdings in Vale S.A. (NYSE:VALE)

Park Avenue Securities LLC lifted its stake in Vale S.A. (NYSE:VALE) by 6.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 59,302 shares of the basic materials company’s stock after acquiring an additional 3,783 shares during the period. Park Avenue Securities LLC’s holdings in Vale were worth $723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Greenleaf Trust raised its holdings in shares of Vale by 2.8% during the fourth quarter. Greenleaf Trust now owns 30,283 shares of the basic materials company’s stock valued at $480,000 after acquiring an additional 827 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in Vale by 7.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 14,010 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 915 shares in the last quarter. Blue Trust Inc. boosted its stake in Vale by 10.2% during the 4th quarter. Blue Trust Inc. now owns 10,097 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 932 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Vale by 6.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company’s stock worth $296,000 after buying an additional 1,146 shares in the last quarter. Finally, Capital Analysts LLC raised its position in shares of Vale by 28.9% in the fourth quarter. Capital Analysts LLC now owns 5,581 shares of the basic materials company’s stock valued at $89,000 after buying an additional 1,252 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Trading Up 0.1 %

NYSE VALE opened at $11.16 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.12 and a quick ratio of 0.79. The stock has a market capitalization of $50.01 billion, a P/E ratio of 6.16, a PEG ratio of 4.90 and a beta of 0.98. The firm’s 50-day moving average is $12.04 and its two-hundred day moving average is $13.08. Vale S.A. has a 12 month low of $10.99 and a 12 month high of $16.08.

Vale (NYSE:VALE) last issued its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Vale had a return on equity of 19.59% and a net margin of 18.72%. The company had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.35 billion. On average, sell-side analysts anticipate that Vale S.A. will post 2.18 earnings per share for the current year.

Wall Street Analyst Weigh In

VALE has been the topic of a number of recent research reports. Bank of America restated a “neutral” rating and set a $13.00 price target (down from $20.00) on shares of Vale in a research report on Tuesday, April 9th. Morgan Stanley cut their price target on Vale from $18.00 to $15.50 and set an “overweight” rating for the company in a report on Friday, June 21st. Barclays boosted their price objective on Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. StockNews.com initiated coverage on Vale in a research note on Saturday, March 30th. They issued a “buy” rating for the company. Finally, UBS Group upgraded Vale from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $15.00 in a report on Tuesday, May 7th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.55.

About Vale

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.