Vale S.A. (NYSE:VALE) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. trimmed its holdings in shares of Vale S.A. (NYSE:VALEFree Report) by 39.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,200 shares of the basic materials company’s stock after selling 54,150 shares during the period. 1832 Asset Management L.P.’s holdings in Vale were worth $1,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Systematic Alpha Investments LLC acquired a new position in shares of Vale in the 3rd quarter valued at $31,000. Whittier Trust Co. lifted its stake in shares of Vale by 423.1% in the 4th quarter. Whittier Trust Co. now owns 1,951 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 1,578 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Vale in the 4th quarter valued at $31,000. GAMMA Investing LLC acquired a new position in shares of Vale in the 4th quarter valued at $32,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Vale by 2,502.8% in the 4th quarter. Sound Income Strategies LLC now owns 2,837 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 2,728 shares during the period. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Price Performance

Vale stock opened at $11.35 on Monday. Vale S.A. has a 52-week low of $11.32 and a 52-week high of $16.08. The firm has a market capitalization of $50.88 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 5.02 and a beta of 0.98. The company has a fifty day simple moving average of $12.26 and a 200-day simple moving average of $13.40. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.41.

Vale (NYSE:VALEGet Free Report) last released its earnings results on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Vale had a return on equity of 19.59% and a net margin of 18.72%. On average, equities analysts anticipate that Vale S.A. will post 2.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VALE. Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 target price on shares of Vale in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vale from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, April 4th. JPMorgan Chase & Co. decreased their target price on shares of Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. StockNews.com began coverage on shares of Vale in a report on Saturday, March 30th. They issued a “buy” rating for the company. Finally, Barclays boosted their price target on shares of Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Vale has an average rating of “Moderate Buy” and a consensus target price of $16.67.

View Our Latest Analysis on VALE

Vale Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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