Crossmark Global Holdings Inc. purchased a new stake in shares of VALE S.A. (NYSE:VALE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 288,819 shares of the basic materials company’s stock, valued at approximately $2,908,000.
Several other hedge funds have also added to or reduced their stakes in the company. Raymond James Trust N.A. increased its position in shares of VALE by 8.4% during the second quarter. Raymond James Trust N.A. now owns 11,560 shares of the basic materials company’s stock worth $101,000 after buying an additional 893 shares during the period. Verition Fund Management LLC acquired a new stake in shares of VALE during the second quarter worth $107,000. Wedbush Securities Inc. increased its position in shares of VALE by 0.7% during the second quarter. Wedbush Securities Inc. now owns 12,991 shares of the basic materials company’s stock worth $114,000 after buying an additional 84 shares during the period. Baldwin Investment Management LLC increased its position in shares of VALE by 0.3% during the second quarter. Baldwin Investment Management LLC now owns 13,701 shares of the basic materials company’s stock worth $120,000 after buying an additional 36 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in shares of VALE during the second quarter worth $127,000. 9.68% of the stock is owned by hedge funds and other institutional investors.
VALE S.A. (NYSE VALE) opened at $10.09 on Friday. The stock has a market cap of $51,997.55, a PE ratio of 6.64, a PEG ratio of 0.62 and a beta of 1.56. VALE S.A. has a twelve month low of $6.59 and a twelve month high of $11.72. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.52.
VALE (NYSE:VALE) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.15. The firm had revenue of $9.05 billion during the quarter. VALE had a net margin of 15.25% and a return on equity of 19.02%. sell-side analysts anticipate that VALE S.A. will post 1.25 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on VALE shares. BidaskClub cut shares of VALE from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Sandler O’Neill upgraded shares of VALE from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. Santander upgraded shares of VALE from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of VALE from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Wednesday, October 18th. Finally, TheStreet cut shares of VALE from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $10.06.
Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.
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