Kestra Advisory Services LLC decreased its position in Vale S.A. (NYSE:VALE – Free Report) by 66.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 55,785 shares of the basic materials company’s stock after selling 109,282 shares during the period. Kestra Advisory Services LLC’s holdings in Vale were worth $888,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in Vale by 25.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,816 shares of the basic materials company’s stock worth $3,975,000 after acquiring an additional 50,211 shares during the period. Cvfg LLC acquired a new position in shares of Vale in the 1st quarter valued at about $512,000. Burney Co. bought a new stake in shares of Vale during the 1st quarter valued at about $2,755,000. Walser Wealth Management Company A Ltd Liability Co boosted its position in shares of Vale by 6.6% during the 1st quarter. Walser Wealth Management Company A Ltd Liability Co now owns 22,874 shares of the basic materials company’s stock valued at $364,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Collaborative Fund Advisors LLC acquired a new stake in Vale during the first quarter worth approximately $424,000. Institutional investors own 21.85% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on VALE shares. Scotiabank lowered their target price on Vale from $19.00 to $16.00 and set a “sector perform” rating for the company in a report on Monday, July 20th. Royal Bank Of Canada restated a “sector perform” rating on shares of Vale in a report on Monday, June 15th. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $19.00 in a research report on Thursday, April 2nd. UBS Group lifted their price objective on shares of Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, March 27th. Finally, Wall Street Zen lowered shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.31.
Vale Stock Down 0.2%
VALE stock opened at $14.79 on Friday. The stock’s 50 day simple moving average is $15.34 and its 200 day simple moving average is $15.80. Vale S.A. has a fifty-two week low of $9.36 and a fifty-two week high of $17.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24. The company has a market cap of $67.15 billion, a P/E ratio of 22.08 and a beta of 0.46.
Vale (NYSE:VALE – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. On average, research analysts expect that Vale S.A. will post 1.98 earnings per share for the current fiscal year.
Vale Company Profile
Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.
Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.
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