Stonebridge Financial Group LLC Makes New $30,000 Investment in Vale S.A. (NYSE:VALE)

Stonebridge Financial Group LLC bought a new stake in shares of Vale S.A. (NYSE:VALE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,423 shares of the basic materials company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund raised its stake in 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 valued at $212,576,000 after purchasing an additional 17,720,100 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Vale during the 3rd quarter valued at about $80,300,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Vale by 123.4% in the 3rd 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 acquiring an additional 6,660,933 shares during the last quarter. FMR LLC grew its position in Vale by 18.2% in the third quarter. FMR LLC now owns 36,605,338 shares of the basic materials company’s stock worth $427,550,000 after acquiring an additional 5,635,167 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Vale by 106.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company’s stock worth $86,226,000 after acquiring an additional 5,001,228 shares during the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Stock Up 2.1 %

Shares of NYSE:VALE opened at $9.78 on Friday. The business’s 50 day moving average is $9.07 and its 200 day moving average is $10.02. The stock has a market cap of $44.37 billion, a P/E ratio of 4.53, a price-to-earnings-growth ratio of 0.30 and a beta of 0.91. Vale S.A. has a 52-week low of $8.38 and a 52-week high of $13.77. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VALE. StockNews.com started coverage on Vale in a report on Friday, December 13th. They issued a “buy” rating for the company. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $14.50 to $11.30 in a research note on Thursday, December 12th. Barclays dropped their price target on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group decreased their price objective on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.26.

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.