Focus Financial Network Inc. Buys 5,785 Shares of Vale S.A. (NYSE:VALE)

Focus Financial Network Inc. grew its stake in shares of Vale S.A. (NYSE:VALE) by 44.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,755 shares of the basic materials company’s stock after purchasing an additional 5,785 shares during the quarter. Focus Financial Network Inc.’s holdings in Vale were worth $219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ballentine Partners LLC raised its position in Vale by 7.8% during the third quarter. Ballentine Partners LLC now owns 13,627 shares of the basic materials company’s stock worth $159,000 after acquiring an additional 987 shares in the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of Vale by 6.9% in the 2nd quarter. Legacy Capital Group California Inc. now owns 17,932 shares of the basic materials company’s stock valued at $200,000 after purchasing an additional 1,154 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Vale by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock valued at $693,000 after purchasing an additional 1,187 shares during the period. Inspire Advisors LLC grew its holdings in Vale by 6.8% during the first quarter. Inspire Advisors LLC now owns 19,277 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 1,226 shares during the period. Finally, IFG Advisory LLC increased its position in Vale by 6.1% during the second quarter. IFG Advisory LLC now owns 22,702 shares of the basic materials company’s stock worth $254,000 after buying an additional 1,296 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

NYSE:VALE opened at $10.60 on Monday. The company has a market cap of $47.52 billion, a price-to-earnings ratio of 4.91, a PEG ratio of 0.29 and a beta of 0.95. Vale S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $16.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.73 and a current ratio of 0.91. The stock has a fifty day moving average price of $10.79 and a 200-day moving average price of $11.24.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter in the prior year, the firm posted $0.66 EPS. As a group, equities analysts anticipate that Vale S.A. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Scotiabank reduced their target price on Vale from $17.00 to $16.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Monday, September 23rd. StockNews.com began coverage on shares of Vale in a research note on Friday, October 18th. They set a “buy” rating for the company. Morgan Stanley lowered their price target on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a report on Thursday, September 19th. Finally, Wolfe Research cut Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Vale has an average rating of “Moderate Buy” and a consensus target price of $16.17.

About Vale

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.