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

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

Vale Price Performance

NYSE VALE traded down $0.01 during trading hours on Friday, hitting $16.18. The company had a trading volume of 20,021,498 shares, compared to its average volume of 32,424,218. The firm has a 50 day simple moving average of $16.00 and a 200 day simple moving average of $13.63. The firm has a market capitalization of $73.45 billion, a price-to-earnings ratio of 28.90 and a beta of 0.53. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 1.15.

Vale (NYSE:VALE) last posted its earnings results 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 firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.86 billion. Equities research analysts expect that Vale S.A. will post 1.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $19.00 in a research report on Thursday. JPMorgan Chase & Co. upped their price target on Vale from $17.50 to $18.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. UBS Group upped their target price on Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, March 27th. Royal Bank Of Canada lowered shares of Vale from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $14.50 to $15.50 in a report on Thursday, March 12th. Finally, The Goldman Sachs Group upped their price objective on Vale from $13.80 to $18.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. 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 given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.25.

Institutional Trading of Vale

Several institutional investors have recently added to or reduced their stakes in VALE. Capital World Investors raised its stake in Vale by 58.2% during the 4th quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock worth $1,163,896,000 after acquiring an additional 32,864,929 shares in the last quarter. GQG Partners LLC lifted its position in shares of Vale by 42.4% during the fourth quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock worth $848,677,000 after purchasing an additional 19,397,396 shares in the last quarter. Capital International Investors raised its position in shares of Vale by 4.3% during the third quarter. Capital International Investors now owns 46,215,387 shares of the basic materials company’s stock worth $501,715,000 after purchasing an additional 1,910,266 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Vale by 2,239.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock worth $541,996,000 after buying an additional 39,818,066 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Vale by 16.7% during the third quarter. Invesco Ltd. now owns 28,961,848 shares of the basic materials company’s stock valued at $314,526,000 after acquiring an additional 4,151,563 shares during the period. 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.