Vale (NYSE:VALE) VP Sobrinho Sami Arap Buys 12,990 Shares

Vale S.A. (NYSE:VALE) VP Sobrinho Sami Arap bought 12,990 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were purchased at an average cost of $16.11 per share, with a total value of $209,268.90. Following the purchase, the vice president directly owned 12,990 shares of the company’s stock, valued at $209,268.90. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Vale Stock Down 0.0%

NYSE:VALE traded down $0.01 during mid-day trading on Friday, hitting $16.18. 20,021,498 shares of the company’s stock were exchanged, compared to its average volume of 32,424,218. Vale S.A. has a one year low of $8.06 and a one year high of $17.72. 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 company has a market cap of $73.45 billion, a PE ratio of 28.90 and a beta of 0.53. The business has a fifty day moving average price of $16.00 and a 200 day moving average price of $13.63.

Vale (NYSE:VALE) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.52 by ($1.42). The business 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 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VALE shares. Barclays boosted their price objective on Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. raised their price target on shares of Vale from $17.50 to $18.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. The Goldman Sachs Group boosted their price target on Vale from $13.80 to $18.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $19.00 in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.25.

Institutional Trading of Vale

Institutional investors have recently modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new stake in Vale during the fourth quarter worth $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its position in shares of Vale by 128.3% during the 4th 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 during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Vale in the 4th quarter worth about $33,000. Cary Street Partners Investment Advisory LLC raised its stake in Vale by 60.0% in 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 holdings in Vale by 15,360.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 3,072 shares during the last quarter. Institutional investors and hedge funds 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.