Mutual Advisors LLC Boosts Stock Position in Vale S.A. (NYSE:VALE)

Mutual Advisors LLC lifted its position in shares of Vale S.A. (NYSE:VALE) by 23.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,184 shares of the basic materials company’s stock after purchasing an additional 4,449 shares during the period. Mutual Advisors LLC’s holdings in Vale were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Vale by 166.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 73,568 shares of the basic materials company’s stock worth $653,000 after purchasing an additional 45,949 shares during the period. SG Americas Securities LLC lifted its holdings in Vale by 39.4% in the fourth quarter. SG Americas Securities LLC now owns 349,851 shares of the basic materials company’s stock worth $3,103,000 after buying an additional 98,899 shares during the period. Octavia Wealth Advisors LLC purchased a new stake in Vale in the fourth quarter worth about $101,000. Commons Capital LLC purchased a new stake in Vale in the fourth quarter worth about $486,000. Finally, Ballentine Partners LLC lifted its holdings in Vale by 162.5% in the fourth quarter. Ballentine Partners LLC now owns 35,772 shares of the basic materials company’s stock worth $317,000 after buying an additional 22,145 shares during the period. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VALE has been the subject of several research analyst reports. Morgan Stanley lowered shares of Vale from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. StockNews.com initiated coverage on shares of Vale in a report on Friday, December 13th. They issued a “buy” rating for the company. Scotiabank lowered their price objective on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Monday, January 6th. Finally, Jefferies Financial Group decreased their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.89.

Vale Price Performance

Shares of NYSE VALE opened at $9.08 on Thursday. Vale S.A. has a fifty-two week low of $8.38 and a fifty-two week high of $13.96. The company has a 50 day simple moving average of $9.17 and a two-hundred day simple moving average of $10.13. The company has a market capitalization of $41.19 billion, a price-to-earnings ratio of 4.20, a P/E/G ratio of 0.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.