Vale S.A. (NYSE:VALE) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in shares of Vale S.A. (NYSE:VALEGet Rating) by 94.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 319,276 shares of the basic materials company’s stock after selling 5,384,824 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Vale were worth $4,671,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vigilant Capital Management LLC acquired a new position in shares of Vale in the second quarter worth about $25,000. Allworth Financial LP lifted its stake in shares of Vale by 97.0% in the second quarter. Allworth Financial LP now owns 2,462 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 1,212 shares in the last quarter. Iron Horse Wealth Management LLC lifted its stake in shares of Vale by 255.7% in the second quarter. Iron Horse Wealth Management LLC now owns 2,490 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 1,790 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of Vale by 104.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 2,550 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Sandy Spring Bank lifted its stake in shares of Vale by 78.6% in the second quarter. Sandy Spring Bank now owns 2,750 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 1,210 shares in the last quarter. Institutional investors and hedge funds own 19.78% of the company’s stock.

Analyst Ratings Changes

VALE has been the topic of several recent analyst reports. Itaú Unibanco cut Vale to a “market perform” rating and set a $15.00 price target on the stock. in a research note on Wednesday, August 17th. BMO Capital Markets cut their price objective on Vale from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, October 31st. StockNews.com started coverage on Vale in a research note on Thursday, October 27th. They set a “buy” rating on the stock. Royal Bank of Canada upgraded Vale from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $15.00 to $16.00 in a research note on Monday, September 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Vale from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, October 5th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Vale presently has a consensus rating of “Hold” and a consensus target price of $17.41.

Vale Stock Down 1.7 %

NYSE:VALE opened at $15.07 on Monday. The firm has a market capitalization of $69.19 billion, a PE ratio of 3.50, a price-to-earnings-growth ratio of 1.38 and a beta of 0.81. The stock has a 50 day moving average of $13.76 and a 200-day moving average of $14.27. Vale S.A. has a 52 week low of $11.42 and a 52 week high of $21.29. The company has a current ratio of 1.07, a quick ratio of 0.67 and a debt-to-equity ratio of 0.42.

Vale (NYSE:VALEGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.38. Vale had a return on equity of 53.54% and a net margin of 45.53%. The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $10.13 billion. Analysts predict that Vale S.A. will post 2.94 EPS for the current year.

About Vale

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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 Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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