Vale (NYSE:VALE) Insider Buys $168,575.04 in Stock

Vale S.A. (NYSE:VALE) insider Parenti Grazielle Tallia acquired 10,464 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were acquired at an average cost of $16.11 per share, for a total transaction of $168,575.04. Following the completion of the acquisition, the insider owned 10,464 shares of the company’s stock, valued at approximately $168,575.04. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Vale Stock Performance

Shares of VALE stock traded down $0.01 during trading on Friday, reaching $16.18. 20,021,498 shares of the company’s stock traded hands, compared to its average volume of 32,424,218. The firm’s 50-day moving average is $16.00 and its 200 day moving average is $13.63. The company has a market capitalization of $73.45 billion, a P/E ratio of 28.90 and a beta of 0.53. Vale S.A. has a 1 year low of $8.06 and a 1 year high of $17.72. 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 issued its earnings results on Friday, February 13th. The basic materials company reported ($0.90) 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 company had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.86 billion. Equities research analysts expect that Vale S.A. will post 1.85 EPS for the current year.

Institutional Investors Weigh In On Vale

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC purchased a new position in shares of Vale during the fourth quarter worth about $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in Vale by 128.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 1,155 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in Vale during the 4th quarter worth approximately $33,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Vale by 60.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,030 shares during the period. Finally, Cornerstone Planning Group LLC raised its stake in shares of Vale by 15,360.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 3,072 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Vale from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and increased their target price for the company from $18.00 to $19.00 in a report on Thursday. UBS Group raised their price target on Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Barclays boosted their price objective on Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Finally, Scotiabank reissued a “sector perform” rating and set a $16.50 price objective on shares of Vale in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.25.

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.