Sobrinho Sami Arap Acquires 12,990 Shares of Vale (NYSE:VALE) Stock

Vale S.A. (NYSE:VALE) VP Sobrinho Sami Arap purchased 12,990 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was acquired at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the completion of the transaction, the vice president owned 12,990 shares in the company, valued at approximately $209,268.90. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Vale Stock Down 0.0%

VALE opened at $16.18 on Friday. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $17.72. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $73.45 billion, a price-to-earnings ratio of 28.90 and a beta of 0.53. The business has a 50 day moving average of $16.00 and a 200-day moving average of $13.68.

Vale (NYSE:VALE) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($1.42). Vale had a return on equity of 20.16% and a net margin of 6.12%.The company had revenue of $11.06 billion during the quarter, compared to analyst estimates of $10.86 billion. As a group, sell-side analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

Hedge Funds Weigh In On Vale

A number of hedge funds have recently made changes to their positions in VALE. Hsbc Holdings PLC boosted its position in shares of Vale by 6.4% during the 4th quarter. Hsbc Holdings PLC now owns 2,216,984 shares of the basic materials company’s stock valued at $28,890,000 after acquiring an additional 133,229 shares in the last quarter. World Investment Advisors raised its position in Vale by 115.2% in the fourth quarter. World Investment Advisors now owns 33,546 shares of the basic materials company’s stock worth $437,000 after purchasing an additional 17,955 shares in the last quarter. Larry Mathis Financial Planning LLC bought a new position in Vale during the fourth quarter worth about $261,000. Rehmann Capital Advisory Group lifted its stake in Vale by 49.6% during the fourth quarter. Rehmann Capital Advisory Group now owns 16,509 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 5,477 shares during the period. Finally, Walser Wealth Management Company A Ltd Liability Co acquired a new stake in Vale during the fourth quarter valued at approximately $280,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VALE shares. Zacks Research downgraded shares of Vale from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Royal Bank Of Canada cut shares of Vale from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $14.50 to $15.50 in a research note on Thursday, March 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vale in a research report on Monday, December 29th. The Goldman Sachs Group upped their price target on Vale from $13.80 to $18.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, Wells Fargo & Company reiterated a “cautious” rating and issued a $15.50 price objective on shares of Vale in a research report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Vale currently has an average rating of “Moderate Buy” and a consensus price target of $15.25.

About Vale

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.