Pursuit Wealth Management LLC Takes Position in Vale S.A. $VALE

Pursuit Wealth Management LLC purchased a new position in shares of Vale S.A. (NYSE:VALE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 56,658 shares of the basic materials company’s stock, valued at approximately $738,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC grew its position in shares of Vale by 60.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,030 shares during the last quarter. Triumph Capital Management purchased a new stake in Vale in the 3rd quarter valued at $34,000. Huntington National Bank boosted its stake in Vale by 36.3% during the 3rd quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 1,256 shares during the period. IFP Advisors Inc grew its position in Vale by 171.6% during the 3rd quarter. IFP Advisors Inc now owns 4,951 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 3,128 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Vale during the 3rd quarter worth $59,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

NYSE VALE opened at $17.64 on Thursday. The stock has a market capitalization of $80.05 billion, a price-to-earnings ratio of 31.49 and a beta of 0.53. The business’s 50 day moving average is $16.06 and its two-hundred day moving average is $14.03. Vale S.A. has a 12-month low of $8.93 and a 12-month high of $17.83. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53.

Vale (NYSE:VALE) last posted its quarterly earnings results 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 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%. Research analysts expect that Vale S.A. will post 1.85 EPS for the current year.

Analysts Set New Price Targets

VALE has been the subject of a number of research reports. Royal Bank Of Canada cut shares of Vale from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $14.50 to $15.50 in a report on Thursday, March 12th. UBS Group upped their price objective on Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, March 27th. Scotiabank reaffirmed a “sector perform” rating and set a $16.50 price objective on shares of Vale in a research report on Monday, February 9th. Wells Fargo & Company boosted their target price on Vale from $15.50 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Wall Street Zen raised Vale from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vale presently has a consensus rating of “Moderate Buy” and an average target price of $16.02.

Insiders Place Their Bets

In related news, insider Parenti Grazielle Tallia purchased 10,464 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was acquired at an average price of $16.11 per share, for a total transaction of $168,575.04. Following the acquisition, the insider directly owned 10,464 shares of the company’s stock, valued at $168,575.04. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sobrinho Sami Arap acquired 12,990 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were bought at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the acquisition, the vice president owned 12,990 shares of the company’s stock, valued at $209,268.90. This represents a ? increase in their position. The SEC filing for this purchase provides additional information.

Vale 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.