Laffer Tengler Investments Inc. Takes Position in Vale S.A. $VALE

Laffer Tengler Investments Inc. acquired a new position in shares of Vale S.A. (NYSE:VALE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,000 shares of the basic materials company’s stock, valued at approximately $146,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VALE. Vise Technologies Inc. bought a new stake in shares of Vale in the second quarter worth about $157,000. Allworth Financial LP lifted its holdings in shares of Vale by 101.3% during the 2nd quarter. Allworth Financial LP now owns 10,951 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 5,511 shares in the last quarter. Midwest Trust Co acquired a new position in shares of Vale in the 2nd quarter valued at approximately $115,000. Metis Global Partners LLC increased its stake in Vale by 23.9% during the 2nd quarter. Metis Global Partners LLC now owns 281,144 shares of the basic materials company’s stock worth $2,730,000 after purchasing an additional 54,281 shares in the last quarter. Finally, Savant Capital LLC increased its stake in Vale by 234.1% during the 2nd quarter. Savant Capital LLC now owns 56,966 shares of the basic materials company’s stock worth $553,000 after purchasing an additional 39,915 shares in the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Stock Down 0.7%

NYSE:VALE opened at $12.15 on Monday. The firm has a market capitalization of $55.13 billion, a price-to-earnings ratio of 9.87 and a beta of 0.82. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $12.40. The stock’s 50 day moving average price is $11.09 and its two-hundred day moving average price is $10.21. The company has a quick ratio of 0.85, a current ratio of 1.22 and a debt-to-equity ratio of 0.48.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays lifted their price target on shares of Vale from $13.70 to $13.80 and gave the company an “overweight” rating in a research note on Friday, October 10th. Hsbc Global Res raised shares of Vale to a “strong-buy” rating in a research report on Friday, October 17th. Clarkson Capital started coverage on shares of Vale in a research note on Wednesday, September 3rd. They issued a “buy” rating and a $12.00 target price for the company. HSBC lifted their price target on Vale from $12.25 to $13.50 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Wells Fargo & Company upped their price objective on Vale from $11.00 to $12.00 and gave the stock a “cautious” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.55.

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.