Blue Trust Inc. Has $195,000 Position in Vale S.A. (NYSE:VALE)

Blue Trust Inc. increased its holdings in shares of Vale S.A. (NYSE:VALE) by 17.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,469 shares of the basic materials company’s stock after buying an additional 2,589 shares during the period. Blue Trust Inc.’s holdings in Vale were worth $195,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. acquired a new position in shares of Vale during the second quarter worth $27,000. Lowe Wealth Advisors LLC acquired a new position in Vale during the 2nd quarter worth about $45,000. Deuterium Capital Management LLC bought a new stake in shares of Vale in the 1st quarter valued at about $122,000. Vawter Financial Ltd. acquired a new stake in shares of Vale in the second quarter valued at about $124,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of Vale in the second quarter worth approximately $125,000. 21.85% of the stock is owned by institutional investors.

Vale Stock Up 3.8 %

VALE stock opened at $10.89 on Friday. The stock’s 50 day simple moving average is $10.74 and its 200 day simple moving average is $11.30. The company has a market cap of $48.80 billion, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 0.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.73 and a current ratio of 1.08. Vale S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $16.08.

Vale (NYSE:VALE) last issued its earnings results on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Vale had a return on equity of 22.23% and a net margin of 23.07%. The company had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.97 billion. On average, research analysts expect that Vale S.A. will post 2.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VALE shares. Wolfe Research downgraded shares of Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. Scotiabank decreased their price objective on shares of Vale from $17.00 to $16.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 15th. UBS Group dropped their target price on shares of Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, July 5th. JPMorgan Chase & Co. decreased their price target on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Monday, September 23rd. Finally, Morgan Stanley dropped their price objective on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.15.

About Vale

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.