Ronald Blue Trust Inc. Grows Holdings in Vale S.A. (NYSE:VALE)

Posted by on Jun 30th, 2023

Ronald Blue Trust Inc. increased its holdings in shares of Vale S.A. (NYSE:VALE – Free Report) by 36.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,516 shares of the basic materials company’s stock after purchasing an additional 5,185 shares during the period. Ronald Blue Trust Inc.’s holdings in Vale were worth $331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VALE. Iron Horse Wealth Management LLC raised its stake in shares of Vale by 133.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 3,038 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 1,738 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in shares of Vale in the 4th quarter worth $53,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Vale by 277.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,773 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 2,773 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Vale by 527.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 4,000 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 3,362 shares in the last quarter. Finally, CWM LLC lifted its position in Vale by 70.6% in the fourth quarter. CWM LLC now owns 4,131 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 1,710 shares during the period. 18.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VALE has been the topic of several recent analyst reports. Royal Bank of Canada upgraded Vale from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $13.00 to $15.00 in a research report on Tuesday, June 6th. StockNews.com downgraded Vale from a “buy” rating to a “hold” rating in a report on Thursday. BNP Paribas cut shares of Vale from a “neutral” rating to an “underperform” rating and set a $13.20 price target on the stock. in a research note on Wednesday. Scotiabank cut shares of Vale from a “sector outperform” rating to a “sector perform” rating and set a $16.00 price objective for the company. in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on shares of Vale from $18.00 to $17.00 in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vale currently has a consensus rating of “Hold” and a consensus price target of $16.43.

Vale Trading Up 1.4 %

Shares of VALE opened at $13.52 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.12 and a quick ratio of 0.73. Vale S.A. has a 1-year low of $11.72 and a 1-year high of $19.31. The stock has a market cap of $60.59 billion, a price-to-earnings ratio of 3.83 and a beta of 0.87. The firm has a 50 day simple moving average of $13.80 and a 200-day simple moving average of $15.68.

Vale (NYSE:VALE – Free Report) last released its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.16). Vale had a return on equity of 38.16% and a net margin of 38.99%. The company had revenue of $8.43 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Equities analysts forecast that Vale S.A. will post 2.21 EPS for the current fiscal year.

About Vale

(Free Report)

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.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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