Midwest Trust Co Takes Position in Vale S.A. $VALE

Midwest Trust Co acquired a new position in shares of Vale S.A. (NYSE:VALE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,836 shares of the basic materials company’s stock, valued at approximately $115,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Metis Global Partners LLC boosted its stake in shares of Vale by 23.9% in the second quarter. Metis Global Partners LLC now owns 281,144 shares of the basic materials company’s stock worth $2,730,000 after acquiring an additional 54,281 shares during the last quarter. Savant Capital LLC raised its stake in Vale by 234.1% in the 2nd quarter. Savant Capital LLC now owns 56,966 shares of the basic materials company’s stock valued at $553,000 after purchasing an additional 39,915 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Vale by 11.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 529,967 shares of the basic materials company’s stock valued at $5,019,000 after purchasing an additional 55,543 shares in the last quarter. Freestone Capital Holdings LLC acquired a new stake in Vale during the 2nd quarter worth $142,000. Finally, Wellington Shields Capital Management LLC grew its holdings in shares of Vale by 3.8% during the second quarter. Wellington Shields Capital Management LLC now owns 41,500 shares of the basic materials company’s stock worth $403,000 after buying an additional 1,500 shares in the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VALE has been the topic of several research reports. HSBC raised their price target on shares of Vale from $12.25 to $13.50 and gave the stock a “buy” rating in a research note on Friday, October 17th. Morgan Stanley set a $11.50 target price on shares of Vale in a research note on Wednesday, October 8th. Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings upgraded Vale from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Vale from $13.50 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.61.

Vale Trading Down 0.7%

VALE opened at $12.39 on Friday. The stock has a market capitalization of $56.24 billion, a PE ratio of 10.07 and a beta of 0.82. Vale S.A. has a one year low of $8.06 and a one year high of $12.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.22. The business’s 50 day moving average price is $11.26 and its 200 day moving average price is $10.28.

Vale (NYSE:VALE) last posted its earnings results on Thursday, October 30th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.14. Vale had a return on equity of 18.14% and a net margin of 14.23%.The company had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.39 billion. As a group, equities research analysts expect that Vale S.A. will post 1.85 EPS for the current year.

Vale 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.