Segall Bryant & Hamill LLC Has $637,000 Stake in Vale S.A. (NYSE:VALE)

Segall Bryant & Hamill LLC cut its stake in Vale S.A. (NYSE:VALE - Free Report) by 41.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,874 shares of the basic materials company's stock after selling 44,900 shares during the period. Segall Bryant & Hamill LLC's holdings in Vale were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Atlas Capital Advisors Inc. raised its stake in shares of Vale by 68.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock worth $35,000 after acquiring an additional 1,623 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Vale during the first quarter worth approximately $41,000. Golden State Wealth Management LLC raised its stake in shares of Vale by 193.0% during the first quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock worth $41,000 after buying an additional 2,713 shares during the last quarter. Allworth Financial LP raised its stake in shares of Vale by 233.7% during the first quarter. Allworth Financial LP now owns 5,440 shares of the basic materials company's stock worth $53,000 after buying an additional 3,810 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Vale during the first quarter worth approximately $64,000. 21.85% of the stock is owned by institutional investors.

Vale Stock Performance

Shares of VALE traded up $0.24 during trading hours on Tuesday, hitting $10.37. The company had a trading volume of 50,060,851 shares, compared to its average volume of 33,563,383. The firm has a market cap of $47.05 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 0.32 and a beta of 0.77. The business has a fifty day moving average of $9.63 and a 200-day moving average of $9.47. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $12.05. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.49.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company 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%. Equities analysts anticipate that Vale S.A. will post 1.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on VALE. Wall Street Zen began coverage on shares of Vale in a research note on Wednesday, May 7th. They set a "hold" rating for the company. Royal Bank Of Canada reissued a "sector perform" rating and set a $11.00 price target (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. Scotiabank dropped their price target on shares of Vale from $13.00 to $12.50 and set a "sector perform" rating for the company in a research note on Tuesday. Barclays boosted their price target on shares of Vale from $12.75 to $13.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Finally, Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $11.00 to $11.50 in a report on Thursday, April 10th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $11.73.

Vale Company Profile

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.