Vale S.A. (NYSE:VALE) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in shares of Vale S.A. (NYSE:VALE) by 166.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,568 shares of the basic materials company’s stock after buying an additional 45,949 shares during the period. Janney Montgomery Scott LLC’s holdings in Vale were worth $653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VALE. FMR LLC boosted its stake in Vale by 18.2% during the 3rd quarter. FMR LLC now owns 36,605,338 shares of the basic materials company’s stock worth $427,550,000 after purchasing an additional 5,635,167 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Vale by 3,692.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company’s stock worth $212,576,000 after buying an additional 17,720,100 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Vale by 10.7% during the third quarter. Fisher Asset Management LLC now owns 17,404,942 shares of the basic materials company’s stock worth $203,290,000 after buying an additional 1,682,544 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of Vale by 123.4% in the third quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company’s stock valued at $140,859,000 after purchasing an additional 6,660,933 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Vale by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,906,975 shares of the basic materials company’s stock worth $139,073,000 after buying an additional 53,061 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Stock Down 1.6 %

Shares of NYSE:VALE opened at $9.46 on Friday. The company has a market capitalization of $42.93 billion, a price-to-earnings ratio of 4.38, a price-to-earnings-growth ratio of 0.29 and a beta of 0.91. The company has a 50 day moving average of $9.09 and a two-hundred day moving average of $10.06. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale S.A. has a 52-week low of $8.38 and a 52-week high of $13.77.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VALE. StockNews.com assumed coverage on Vale in a research note on Friday, December 13th. They issued a “buy” rating on the stock. Scotiabank reduced their target price on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th. Barclays decreased their price target on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Finally, UBS Group lowered shares of Vale from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.89.

Vale Company 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.