Vale S.A. (NYSE:VALE) Shares Sold by Recurrent Investment Advisors LLC

Recurrent Investment Advisors LLC cut its stake in shares of Vale S.A. (NYSE:VALE) by 6.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 39,917 shares of the basic materials company’s stock after selling 2,837 shares during the period. Recurrent Investment Advisors LLC’s holdings in Vale were worth $466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacifica Partners Inc. acquired a new position in Vale during the 2nd quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Vale during the 3rd quarter worth approximately $28,000. Point72 Hong Kong Ltd acquired a new position in Vale during the 3rd quarter worth approximately $36,000. Phillips Wealth Planners LLC acquired a new position in Vale during the 3rd quarter worth approximately $118,000. Finally, Vawter Financial Ltd. acquired a new position in Vale during the 2nd quarter worth approximately $124,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VALE has been the topic of several recent research reports. Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut their target price on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, September 23rd. Barclays cut their target price on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research report on Wednesday. Morgan Stanley cut their target price on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. Finally, UBS Group lowered Vale from a “buy” rating to a “neutral” rating and cut their target price for the company from $14.00 to $11.50 in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.91.

Vale Price Performance

Shares of NYSE VALE opened at $9.51 on Thursday. Vale S.A. has a twelve month low of $9.42 and a twelve month high of $16.08. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $42.61 billion, a price-to-earnings ratio of 4.40, a price-to-earnings-growth ratio of 0.26 and a beta of 0.91. The business has a 50 day simple moving average of $10.62 and a 200-day simple moving average of $10.87.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same period in the previous year, the business earned $0.66 EPS. As a group, equities research analysts expect that Vale S.A. will post 2.13 earnings per share for the current year.

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.