Scotia Capital Inc. Lowers Stock Holdings in Vale S.A. (NYSE:VALE)

Scotia Capital Inc. trimmed its position in Vale S.A. (NYSE:VALEFree Report) by 45.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,523 shares of the basic materials company’s stock after selling 71,193 shares during the period. Scotia Capital Inc.’s holdings in Vale were worth $1,356,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VALE. Whittier Trust Co. lifted its position in Vale by 423.1% during the fourth 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 last quarter. Rakuten Securities Inc. purchased a new position in Vale in the fourth quarter worth $31,000. GAMMA Investing LLC bought a new position in Vale in the fourth quarter valued at $32,000. Systematic Alpha Investments LLC purchased a new stake in Vale during the third quarter valued at about $31,000. Finally, Sound Income Strategies LLC lifted its stake in Vale by 2,502.8% during the fourth quarter. Sound Income Strategies LLC now owns 2,837 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 2,728 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Shares of VALE opened at $11.82 on Tuesday. Vale S.A. has a twelve month low of $11.52 and a twelve month high of $16.08. The company has a market capitalization of $52.99 billion, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 5.33 and a beta of 0.98. The firm has a 50 day moving average of $12.31 and a 200 day moving average of $13.51. 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 posted its earnings results on Wednesday, April 24th. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.35 billion. As a group, equities research analysts anticipate that Vale S.A. will post 2.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VALE. Barclays upped their target price on Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Royal Bank of Canada reissued an “outperform” rating and set a $19.00 price objective on shares of Vale in a research note on Monday, February 12th. UBS Group upgraded shares of Vale from a “neutral” rating to a “buy” rating and upped their price target for the company from $13.00 to $15.00 in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, April 4th. Finally, StockNews.com initiated coverage on shares of Vale in a research note on Saturday, March 30th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

View Our Latest Report on VALE

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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