180 Wealth Advisors LLC Purchases 8,847 Shares of Vale S.A. (NYSE:VALE)

180 Wealth Advisors LLC grew its position in Vale S.A. (NYSE:VALE) by 17.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,750 shares of the basic materials company’s stock after buying an additional 8,847 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Vale were worth $539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VALE. Ballentine Partners LLC increased its stake in Vale by 7.8% in the third quarter. Ballentine Partners LLC now owns 13,627 shares of the basic materials company’s stock valued at $159,000 after acquiring an additional 987 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Vale by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock valued at $693,000 after purchasing an additional 1,187 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Vale by 5.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 28,754 shares of the basic materials company’s stock valued at $336,000 after purchasing an additional 1,375 shares during the last quarter. Keynote Financial Services LLC raised its holdings in shares of Vale by 13.5% during the 3rd quarter. Keynote Financial Services LLC now owns 11,737 shares of the basic materials company’s stock worth $137,000 after buying an additional 1,400 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Vale by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company’s stock worth $1,852,000 after buying an additional 1,494 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Stock Up 1.3 %

Shares of VALE opened at $8.62 on Wednesday. The stock’s 50-day moving average price is $9.43 and its two-hundred day moving average price is $10.31. Vale S.A. has a 12 month low of $8.38 and a 12 month high of $14.54. The company has a market capitalization of $38.64 billion, a PE ratio of 3.99, a PEG ratio of 0.25 and a beta of 0.91. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same period in the previous year, the firm earned $0.66 earnings per share. On average, analysts anticipate that Vale S.A. will post 2.08 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Jefferies Financial Group decreased their price target on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, January 6th. UBS Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Morgan Stanley cut shares of Vale from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Finally, Barclays dropped their price target on Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.