Moran Wealth Management LLC Buys 35,389 Shares of Vale S.A. (NYSE:VALE)

Moran Wealth Management LLC lifted its stake in Vale S.A. (NYSE:VALE - Free Report) by 161.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,297 shares of the basic materials company's stock after purchasing an additional 35,389 shares during the period. Moran Wealth Management LLC's holdings in Vale were worth $572,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in Vale by 206.4% during the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock worth $26,000 after acquiring an additional 1,938 shares in the last quarter. Atlas Capital Advisors Inc. grew its holdings in Vale by 68.3% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock worth $35,000 after acquiring an additional 1,623 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in Vale during the 4th quarter worth about $80,000. EverSource Wealth Advisors LLC lifted its position in shares of Vale by 88.8% during the fourth 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 last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of Vale by 30.9% in 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 in the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Stock Performance

VALE opened at $9.48 on Friday. 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 capitalization of $43.03 billion, a PE ratio of 6.87, a P/E/G ratio of 0.29 and a beta of 0.76. The firm has a 50 day moving average of $9.46 and a two-hundred day moving average of $9.37. Vale S.A. has a 12-month low of $8.06 and a 12-month high of $12.05.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on VALE. UBS Group reduced their price objective on shares of Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. CICC Research began coverage on shares of Vale in a research note on Monday, May 12th. They set an "outperform" rating and a $11.30 price objective for the company. Wall Street Zen began coverage on shares of Vale in a research note on Wednesday, May 7th. They set a "hold" rating for the company. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $11.00 price objective (down previously from $12.00) on shares of Vale in a research note on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Vale presently has an average rating of "Hold" and a consensus price target of $12.04.

Vale Company Profile

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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