Insigneo Advisory Services LLC Increases Stock Position in Vale S.A. (NYSE:VALE)

Insigneo Advisory Services LLC grew its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 284.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 197,085 shares of the basic materials company's stock after buying 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 SEC filing.

Other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc grew its stake in shares of Vale by 206.4% during the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock valued at $26,000 after buying an additional 1,938 shares during the period. Atlas Capital Advisors Inc. grew its stake in shares of Vale by 68.3% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock valued at $35,000 after buying an additional 1,623 shares during the period. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Vale during the 4th quarter valued at $80,000. EverSource Wealth Advisors LLC grew its stake in shares of Vale by 88.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,738 shares of the basic materials company's stock valued at $86,000 after buying an additional 4,580 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of Vale by 30.9% during the 4th quarter. Lindbrook Capital LLC now owns 9,827 shares of the basic materials company's stock valued at $87,000 after buying an additional 2,317 shares during the period. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Stock Performance

NYSE:VALE opened at $9.80 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The firm has a 50-day moving average of $9.43 and a two-hundred day moving average of $9.39. The stock has a market cap of $44.46 billion, a P/E ratio of 6.80, a PEG ratio of 0.31 and a beta of 0.76. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $12.05.

Vale (NYSE:VALE - Get Free Report) last posted 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). The firm had revenue of $8.12 billion during the quarter, compared to analysts' expectations of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. On average, research analysts expect that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on VALE shares. Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and upped their price target for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. CICC Research started coverage on shares of Vale in a research report on Monday, May 12th. They set an "outperform" rating and a $11.30 price target for the company. UBS Group decreased their price target on shares of Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Wall Street Zen started coverage on shares of Vale in a research report on Wednesday, May 7th. They set a "hold" rating for the company. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $11.00 price target (down from $12.00) on shares of Vale in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Vale presently has an average rating of "Hold" and an average target price of $12.04.

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.

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