Ninety One North America Inc. decreased its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,688,111 shares of the basic materials company's stock after selling 132,481 shares during the period. Vale makes up 1.8% of Ninety One North America Inc.'s portfolio, making the stock its 22nd biggest holding. Ninety One North America Inc. owned 0.06% of Vale worth $26,827,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in shares of Vale by 5.1% during the first quarter. Blue Trust Inc. now owns 25,876 shares of the basic materials company's stock worth $258,000 after purchasing an additional 1,248 shares during the period. Snowden Capital Advisors LLC raised its position in Vale by 5.9% during the fourth quarter. Snowden Capital Advisors LLC now owns 24,181 shares of the basic materials company's stock valued at $214,000 after acquiring an additional 1,349 shares in the last quarter. Atlas Capital Advisors Inc. raised its position in Vale by 68.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 1,623 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in Vale by 10.9% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 17,278 shares of the basic materials company's stock valued at $172,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in Vale by 14.4% during the first quarter. Ameritas Advisory Services LLC now owns 13,951 shares of the basic materials company's stock valued at $130,000 after acquiring an additional 1,757 shares in the last quarter. Institutional investors own 21.85% of the company's stock.
Vale Stock Performance
Vale stock traded up $0.12 on Thursday, hitting $9.98. The company's stock had a trading volume of 84,043,171 shares, compared to its average volume of 32,870,548. The firm has a market cap of $45.28 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 0.32 and a beta of 0.77. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $9.56 and a 200-day moving average price of $9.41. Vale S.A. has a one year low of $8.06 and a one year high of $12.05.
Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.39 billion. Vale had a net margin of 15.54% and a return on equity of 17.65%. On average, equities analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on VALE shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $11.00 price objective (down previously from $12.00) on shares of Vale in a research report on Thursday, April 17th. Barclays raised their price objective on shares of Vale from $12.75 to $13.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. CICC Research initiated coverage on shares of Vale in a research report on Monday, May 12th. They set an "outperform" rating and a $11.30 price objective on the stock. Wall Street Zen initiated coverage on shares of Vale in a research report on Wednesday, May 7th. They issued a "hold" rating on the stock. Finally, Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and lifted their price target for the company from $11.00 to $11.50 in a research report on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.79.
View Our Latest Report 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.
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