Orion Portfolio Solutions LLC Buys 10,376 Shares of Vale S.A. (NYSE:VALE)

Orion Portfolio Solutions LLC boosted its stake in shares of Vale S.A. (NYSE:VALEFree Report) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,174 shares of the basic materials company’s stock after purchasing an additional 10,376 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Vale were worth $843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its holdings in shares of Vale by 21.1% during the third quarter. Invesco Ltd. now owns 17,752,878 shares of the basic materials company’s stock worth $237,889,000 after buying an additional 3,092,376 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Vale by 49,161.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,413 shares of the basic materials company’s stock worth $38,705,000 after buying an additional 2,435,459 shares in the last quarter. Ninety One UK Ltd raised its stake in Vale by 36.0% in the fourth quarter. Ninety One UK Ltd now owns 8,396,322 shares of the basic materials company’s stock valued at $133,166,000 after purchasing an additional 2,220,317 shares in the last quarter. AQR Capital Management LLC raised its stake in Vale by 112.4% in the third quarter. AQR Capital Management LLC now owns 3,996,496 shares of the basic materials company’s stock valued at $53,553,000 after purchasing an additional 2,115,137 shares in the last quarter. Finally, Fourth Sail Capital LP acquired a new position in Vale in the fourth quarter valued at about $22,007,000. 21.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VALE has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Barclays boosted their price target on Vale from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft dropped their price target on Vale from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, April 4th. UBS Group raised Vale from a “neutral” rating to a “buy” rating and boosted their price target for the company from $13.00 to $15.00 in a research note on Tuesday, May 7th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $13.00 price target (down previously from $20.00) on shares of Vale in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.67.

Read Our Latest Research Report on VALE

Vale Stock Performance

NYSE:VALE opened at $11.54 on Wednesday. The stock has a market cap of $51.71 billion, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 5.33 and a beta of 0.98. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock’s 50-day moving average is $12.30 and its 200-day moving average is $13.49. Vale S.A. has a 1-year low of $11.52 and a 1-year high of $16.08.

Vale (NYSE:VALEGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.35 billion. Vale had a return on equity of 19.59% and a net margin of 18.72%. Equities research analysts anticipate that Vale S.A. will post 2.18 earnings per share for the current year.

Vale Company Profile

(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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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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