Vale S.A. (NYSE:VALE) Position Boosted by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC increased its position in Vale S.A. (NYSE:VALE) by 113.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,205 shares of the basic materials company’s stock after purchasing an additional 25,065 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in Vale were worth $551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flow Traders U.S. LLC acquired a new position in shares of Vale in the 3rd quarter worth approximately $369,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Vale during the third quarter worth $1,126,000. Healthcare of Ontario Pension Plan Trust Fund lifted 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 worth $212,576,000 after purchasing an additional 17,720,100 shares during the last quarter. Bridgewater Associates LP boosted its holdings in Vale by 723.2% in the third quarter. Bridgewater Associates LP now owns 2,035,477 shares of the basic materials company’s stock worth $23,774,000 after purchasing an additional 1,788,205 shares during the period. Finally, Quantbot Technologies LP increased its stake in Vale by 229.1% during the third quarter. Quantbot Technologies LP now owns 26,104 shares of the basic materials company’s stock valued at $305,000 after purchasing an additional 18,172 shares during the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Stock Performance

VALE opened at $9.87 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $10.69 and its 200-day moving average is $10.95. The stock has a market cap of $44.23 billion, a PE ratio of 4.57, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94. Vale S.A. has a twelve month low of $9.64 and a twelve month high of $16.08.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The firm had revenue of $9.55 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the previous year, the business earned $0.66 EPS. On average, analysts predict that Vale S.A. will post 2.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VALE. Wolfe Research downgraded shares of Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. Scotiabank cut their target price on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 20th. Morgan Stanley decreased their target price on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday, September 19th. UBS Group cut Vale from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.13.

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.