Insigneo Advisory Services LLC Has $1.97 Million Stock Position in Vale S.A. (NYSE:VALE)

Insigneo Advisory Services LLC increased its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 284.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 197,085 shares of the basic materials company's stock after acquiring an additional 145,797 shares during the period. Insigneo Advisory Services LLC's holdings in Vale were worth $1,967,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Stephens Inc. AR acquired a new stake in shares of Vale in the fourth quarter valued at about $188,000. Blue Trust Inc. boosted its stake in Vale by 41.0% during the 4th quarter. Blue Trust Inc. now owns 24,628 shares of the basic materials company's stock valued at $218,000 after purchasing an additional 7,159 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in Vale in the 4th quarter valued at approximately $97,000. State of New Jersey Common Pension Fund D increased its position in Vale by 63.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 793,898 shares of the basic materials company's stock worth $7,042,000 after buying an additional 308,679 shares during the period. Finally, Truist Financial Corp increased its position in Vale by 18.2% in the 4th quarter. Truist Financial Corp now owns 33,704 shares of the basic materials company's stock worth $299,000 after buying an additional 5,189 shares during the period. 21.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VALE shares. CICC Research assumed coverage on shares of Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective on the stock. UBS Group decreased their price target on shares of Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada restated a "sector perform" rating and set a $11.00 price objective (down previously from $12.00) on shares of Vale in a report on Thursday, April 17th. Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and upped their price objective for the company from $11.00 to $11.50 in a research report on Thursday, April 10th. Finally, Wall Street Zen assumed coverage on Vale in a research report on Wednesday, May 7th. They set a "hold" rating on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $12.04.

Vale Price Performance

NYSE VALE traded down $0.26 on Friday, reaching $9.05. The company's stock had a trading volume of 64,675,833 shares, compared to its average volume of 31,487,013. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $12.05. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.49. The firm has a market cap of $41.06 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.30 and a beta of 0.76. The business has a 50-day moving average price of $9.45 and a 200 day moving average price of $9.38.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). Vale had a net margin of 15.54% and a return on equity of 17.65%. The company had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.39 billion. Sell-side analysts expect that Vale S.A. will post 1.85 EPS for the current year.

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.