Union Bancaire Privee UBP SA Takes $95,000 Position in Vale S.A. (NYSE:VALE)

Union Bancaire Privee UBP SA bought a new position in shares of Vale S.A. (NYSE:VALE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,706 shares of the basic materials company’s stock, valued at approximately $95,000.

Several other hedge funds have also recently bought and sold shares of the business. Drive Wealth Management LLC purchased a new stake in shares of Vale during the fourth quarter worth about $99,000. Cornerstone Wealth Management LLC purchased a new stake in Vale during the 4th quarter worth approximately $118,000. Mutual Advisors LLC raised its position in shares of Vale by 23.7% in the 4th quarter. Mutual Advisors LLC now owns 23,184 shares of the basic materials company’s stock valued at $203,000 after purchasing an additional 4,449 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Vale by 166.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 73,568 shares of the basic materials company’s stock valued at $653,000 after buying an additional 45,949 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Vale by 39.4% during the fourth quarter. SG Americas Securities LLC now owns 349,851 shares of the basic materials company’s stock worth $3,103,000 after buying an additional 98,899 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Scotiabank reduced their price target on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Monday, January 6th. Barclays lowered their price objective on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. StockNews.com assumed coverage on shares of Vale in a report on Friday, December 13th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group lowered their target price on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.89.

Vale Price Performance

VALE opened at $9.08 on Thursday. The stock has a fifty day moving average price of $9.17 and a 200 day moving average price of $10.13. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. Vale S.A. has a 1 year low of $8.38 and a 1 year high of $13.96. The stock has a market cap of $41.19 billion, a price-to-earnings ratio of 4.20, a PEG ratio of 0.27 and a beta of 0.92.

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.