Vale S.A. (NYSE:VALE) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in Vale S.A. (NYSE:VALE - Free Report) by 166.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,568 shares of the basic materials company's stock after buying an additional 45,949 shares during the period. Janney Montgomery Scott LLC's holdings in Vale were worth $653,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Vale in the third quarter valued at about $28,000. Brooklyn Investment Group boosted its position in shares of Vale by 215.9% during the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock worth $25,000 after buying an additional 1,900 shares during the period. Point72 Hong Kong Ltd acquired a new position in Vale during the 3rd quarter worth approximately $36,000. Wilmington Savings Fund Society FSB bought a new position in shares of Vale during the 3rd quarter worth approximately $79,000. Finally, Vienna Asset Management LLC acquired a new stake in shares of Vale in the third quarter valued at approximately $117,000. 21.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VALE. StockNews.com began coverage on Vale in a report on Friday, December 13th. They issued a "buy" rating for the company. Scotiabank reduced their price objective on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a research report on Monday, January 6th. Morgan Stanley cut Vale from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Barclays lowered their target price on shares of Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a report on Wednesday, December 4th. Finally, UBS Group cut shares of Vale from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Vale has a consensus rating of "Hold" and an average target price of $13.89.

Vale Trading Up 0.2 %

NYSE VALE traded up $0.02 during trading on Tuesday, hitting $9.58. 20,252,450 shares of the company's stock traded hands, compared to its average volume of 38,198,473. The firm has a market cap of $43.46 billion, a P/E ratio of 4.43, a PEG ratio of 0.30 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The stock has a fifty day moving average of $9.07 and a two-hundred day moving average of $10.03. Vale S.A. has a 12-month low of $8.38 and a 12-month high of $13.77.

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.