Eschler Asset Management LLP Invests $456,000 in Vale S.A. $VALE

Eschler Asset Management LLP acquired a new position in shares of Vale S.A. (NYSE:VALE) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 35,000 shares of the basic materials company’s stock, valued at approximately $456,000.

Several other institutional investors and hedge funds have also made changes to their positions in VALE. NewEdge Advisors LLC boosted its position in shares of Vale by 4.9% during the 1st quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after acquiring an additional 3,704 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Vale by 46.6% during the 1st quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock worth $375,000 after acquiring an additional 11,964 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Vale during the 1st quarter worth about $171,000. Strs Ohio acquired a new position in shares of Vale during the 1st quarter worth about $117,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of Vale during the 2nd quarter worth about $123,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Stock Up 2.1%

Shares of NYSE VALE opened at $15.68 on Friday. The stock has a market cap of $71.19 billion, a PE ratio of 23.41 and a beta of 0.46. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. Vale S.A. has a 52-week low of $8.97 and a 52-week high of $17.94. The business has a 50-day moving average price of $16.51 and a 200 day moving average price of $15.38.

Vale (NYSE:VALE) last announced its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. Equities research analysts forecast that Vale S.A. will post 2.15 earnings per share for the current year.

Analyst Ratings Changes

VALE has been the subject of several analyst reports. Wall Street Zen cut Vale from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. JPMorgan Chase & Co. upped their price objective on Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a research report on Friday. Royal Bank Of Canada cut Vale from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $14.50 to $15.50 in a research report on Thursday, March 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Vale in a research report on Friday, April 10th. Finally, Wells Fargo & Company decreased their target price on Vale from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.77.

Insider Transactions at Vale

In related news, VP Sobrinho Sami Arap acquired 12,990 shares of Vale stock in a transaction on Wednesday, April 1st. The stock was purchased at an average cost of $16.11 per share, with a total value of $209,268.90. Following the purchase, the vice president directly owned 12,990 shares in the company, valued at approximately $209,268.90. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Parenti Grazielle Tallia acquired 10,464 shares of Vale stock in a transaction on Wednesday, April 1st. The shares were bought at an average cost of $16.11 per share, with a total value of $168,575.04. Following the completion of the purchase, the insider owned 10,464 shares in the company, valued at $168,575.04. The trade was a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Vale Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.