Farther Finance Advisors LLC Lowers Stake in Vale S.A. (NYSE:VALE)

Farther Finance Advisors LLC decreased its stake in shares of Vale S.A. (NYSE:VALE) by 77.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,859 shares of the basic materials company’s stock after selling 30,549 shares during the period. Farther Finance Advisors LLC’s holdings in Vale were worth $103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SPX Gestao de Recursos Ltda boosted its stake in shares of Vale by 60.6% in the second quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company’s stock valued at $245,404,000 after purchasing an additional 8,288,112 shares during the period. Lazard Asset Management LLC boosted its stake in Vale by 4.1% during the 1st quarter. Lazard Asset Management LLC now owns 12,269,261 shares of the basic materials company’s stock valued at $149,561,000 after acquiring an additional 485,702 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Vale by 27.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,853,914 shares of the basic materials company’s stock valued at $132,408,000 after acquiring an additional 2,578,900 shares during the last quarter. Mondrian Investment Partners LTD raised its holdings in shares of Vale by 20.4% during the second quarter. Mondrian Investment Partners LTD now owns 10,950,729 shares of the basic materials company’s stock worth $118,815,000 after purchasing an additional 1,854,940 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Vale by 395.3% during the second quarter. Marshall Wace LLP now owns 7,152,069 shares of the basic materials company’s stock worth $79,889,000 after purchasing an additional 5,707,969 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wolfe Research cut shares of Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. StockNews.com started coverage on shares of Vale in a report on Friday, October 18th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Monday, September 23rd. Morgan Stanley dropped their price objective on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a report on Thursday, September 19th. Finally, UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $14.00 to $11.50 in a report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.83.

Vale Trading Down 3.6 %

Shares of NYSE:VALE opened at $10.21 on Tuesday. The firm has a fifty day moving average of $10.81 and a two-hundred day moving average of $11.19. The firm has a market capitalization of $45.77 billion, a P/E ratio of 4.75, a price-to-earnings-growth ratio of 0.29 and a beta of 0.94. Vale S.A. has a 12-month low of $9.66 and a 12-month high of $16.08. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE) last issued its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $9.55 billion during the quarter, compared to analyst estimates of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter last year, the business posted $0.66 EPS. On average, equities analysts expect that Vale S.A. will post 2.12 EPS for the current fiscal year.

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.