Financial Counselors Inc. Trims Stock Holdings in Vale S.A. (NYSE:VALE)

Financial Counselors Inc. lowered its position in Vale S.A. (NYSE:VALEFree Report) by 13.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,848 shares of the basic materials company’s stock after selling 2,752 shares during the quarter. Financial Counselors Inc.’s holdings in Vale were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VALE. Wellington Management Group LLP grew its holdings in Vale by 22.0% during the fourth quarter. Wellington Management Group LLP now owns 12,315,171 shares of the basic materials company’s stock worth $195,319,000 after acquiring an additional 2,224,756 shares during the period. RWC Asset Advisors US LLC raised its holdings in shares of Vale by 0.7% in the 4th quarter. RWC Asset Advisors US LLC now owns 10,837,103 shares of the basic materials company’s stock worth $171,876,000 after purchasing an additional 75,726 shares during the period. Oaktree Capital Management LP raised its holdings in shares of Vale by 8.1% in the 4th quarter. Oaktree Capital Management LP now owns 9,399,887 shares of the basic materials company’s stock worth $149,082,000 after purchasing an additional 705,520 shares during the period. SPX Gestao de Recursos Ltda grew its stake in shares of Vale by 1,422.7% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 8,586,062 shares of the basic materials company’s stock valued at $136,175,000 after buying an additional 8,022,188 shares in the last quarter. Finally, Ninety One UK Ltd grew its stake in shares of Vale by 36.0% in the fourth quarter. Ninety One UK Ltd now owns 8,396,322 shares of the basic materials company’s stock valued at $133,166,000 after buying an additional 2,220,317 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com started coverage on Vale in a research note on Saturday, March 30th. They set a “buy” rating for the company. JPMorgan Chase & Co. cut their price target on Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. BNP Paribas raised Vale from an “underperform” rating to a “neutral” rating in a research note on Friday, June 21st. Bank of America reissued a “neutral” rating and issued a $13.00 price objective (down previously from $20.00) on shares of Vale in a research note on Tuesday, April 9th. Finally, UBS Group dropped their price objective on Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, July 5th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.86.

Check Out Our Latest Stock Analysis on VALE

Vale Price Performance

Shares of NYSE VALE opened at $11.55 on Wednesday. The stock has a market capitalization of $51.78 billion, a price-to-earnings ratio of 6.38, a PEG ratio of 3.83 and a beta of 0.96. The business has a 50-day moving average of $11.89 and a 200-day moving average of $12.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.12 and a quick ratio of 0.79. Vale S.A. has a fifty-two week low of $10.99 and a fifty-two week high of $16.08.

Vale (NYSE:VALEGet Free Report) last announced its earnings results on Wednesday, April 24th. The basic materials company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Vale had a return on equity of 19.59% and a net margin of 18.72%. The business had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.35 billion. As a group, sell-side analysts predict that Vale S.A. will post 2.17 earnings per share for the current fiscal year.

About Vale

(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.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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