Ballentine Partners LLC Grows Holdings in Vale S.A. (NYSE:VALE)

Ballentine Partners LLC increased its stake in shares of Vale S.A. (NYSE:VALE) by 44.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,954 shares of the basic materials company’s stock after purchasing an additional 7,052 shares during the period. Ballentine Partners LLC’s holdings in Vale were worth $280,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC raised its holdings in shares of Vale by 50.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 58,596 shares of the basic materials company’s stock valued at $785,000 after buying an additional 19,597 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Vale in the third quarter valued at approximately $269,000. Envestnet Asset Management Inc. grew its holdings in shares of Vale by 12.2% in the third quarter. Envestnet Asset Management Inc. now owns 1,478,802 shares of the basic materials company’s stock valued at $19,816,000 after purchasing an additional 160,532 shares in the last quarter. Stifel Financial Corp increased its stake in Vale by 2.5% during the 3rd quarter. Stifel Financial Corp now owns 280,785 shares of the basic materials company’s stock worth $3,763,000 after buying an additional 6,716 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in Vale by 224.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,335 shares of the basic materials company’s stock worth $71,000 after buying an additional 3,691 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Down 1.5 %

NYSE VALE opened at $11.11 on Wednesday. The firm’s fifty day moving average price is $12.05 and its 200 day moving average price is $13.09. Vale S.A. has a 12 month low of $11.02 and a 12 month high of $16.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.12 and a quick ratio of 0.79. The company has a market capitalization of $49.81 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 4.97 and a beta of 0.98.

Vale (NYSE:VALE) last issued its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Vale had a return on equity of 19.59% and a net margin of 18.72%. The firm had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.35 billion. On average, sell-side analysts expect that Vale S.A. will post 2.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, April 4th. Morgan Stanley reduced their price target on Vale from $18.00 to $15.50 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Barclays boosted their price objective on Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. UBS Group raised shares of Vale from a “neutral” rating to a “buy” rating and raised their target price for the company from $13.00 to $15.00 in a report on Tuesday, May 7th. Finally, Bank of America reiterated a “neutral” rating and set a $13.00 price target (down previously from $20.00) on shares of Vale in a report on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.55.

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.