White Knight Strategic Wealth Advisors LLC increased its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 124.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,020 shares of the basic materials company's stock after acquiring an additional 58,815 shares during the quarter. White Knight Strategic Wealth Advisors LLC's holdings in Vale were worth $940,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Merit Financial Group LLC bought a new stake in Vale in the 4th quarter valued at about $128,000. Brooklyn Investment Group raised its holdings in shares of Vale by 215.9% during the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock valued at $25,000 after buying an additional 1,900 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in Vale by 12.5% in the 4th quarter. Arkadios Wealth Advisors now owns 72,855 shares of the basic materials company's stock worth $646,000 after buying an additional 8,117 shares in the last quarter. Ellsworth Advisors LLC bought a new position in Vale in the 4th quarter worth approximately $1,107,000. Finally, Ballentine Partners LLC boosted its position in Vale by 162.5% during the 4th quarter. Ballentine Partners LLC now owns 35,772 shares of the basic materials company's stock worth $317,000 after acquiring an additional 22,145 shares during the period. Institutional investors own 21.85% of the company's stock.
Vale Trading Up 0.2%
Shares of NYSE:VALE traded up $0.02 during midday trading on Friday, reaching $9.60. The company had a trading volume of 31,060,868 shares, compared to its average volume of 30,816,908. The company has a fifty day simple moving average of $9.50 and a two-hundred day simple moving average of $9.46. The firm has a market cap of $43.55 billion, a price-to-earnings ratio of 6.66, a price-to-earnings-growth ratio of 0.31 and a beta of 0.83. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $12.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91.
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 the consensus estimate of $0.37 by ($0.02). The firm had revenue of $8.12 billion for the quarter, compared to analysts' expectations of $8.39 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. Research analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.
Wall Street Analyst Weigh In
VALE has been the subject of a number of recent analyst reports. Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and increased their target price for the company from $11.00 to $11.50 in a research report on Thursday, April 10th. Wall Street Zen assumed coverage on Vale in a report on Wednesday, May 7th. They set a "hold" rating on the stock. UBS Group lowered their price target on Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. CICC Research initiated coverage on Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective on the stock. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $11.00 price objective (down previously from $12.00) on shares of Vale in a report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $12.04.
Check Out Our Latest Research Report on VALE
Vale Profile
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Free Report)
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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