Parenti Grazielle Tallia Purchases 10,464 Shares of Vale (NYSE:VALE) Stock

Vale S.A. (NYSE:VALE) insider Parenti Grazielle Tallia bought 10,464 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was bought at an average cost of $16.11 per share, for a total transaction of $168,575.04. Following the acquisition, the insider owned 10,464 shares of the company’s stock, valued at approximately $168,575.04. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Vale Price Performance

Vale stock opened at $16.18 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.78. The business has a 50 day simple moving average of $16.00 and a 200-day simple moving average of $13.68. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $17.72. The stock has a market capitalization of $73.45 billion, a PE ratio of 28.90 and a beta of 0.53.

Vale (NYSE:VALE) last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42). The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.86 billion. Vale had a net margin of 6.12% and a return on equity of 20.16%. Equities analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VALE shares. Barclays boosted their price target on shares of Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Royal Bank Of Canada lowered Vale from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $14.50 to $15.50 in a report on Thursday, March 12th. Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Bank of America raised Vale from a “neutral” rating to a “buy” rating and increased their target price for the stock from $18.00 to $19.00 in a research note on Thursday. Finally, UBS Group raised their price target on Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.25.

Hedge Funds Weigh In On Vale

Large investors have recently made changes to their positions in the stock. N.E.W. Advisory Services LLC acquired a new stake in shares of Vale in the fourth quarter valued at about $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its holdings in Vale by 128.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after buying an additional 1,155 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in Vale in the fourth quarter valued at about $33,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of Vale by 60.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,030 shares during the period. Finally, Cornerstone Planning Group LLC lifted its position in shares of Vale by 15,360.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 3,072 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Company Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.