International Assets Investment Management LLC Trims Stock Holdings in Vale S.A. (NYSE:VALE)

International Assets Investment Management LLC lowered its position in shares of Vale S.A. (NYSE:VALE) by 92.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,171 shares of the basic materials company’s stock after selling 224,343 shares during the quarter. International Assets Investment Management LLC’s holdings in Vale were worth $161,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VALE. Ballentine Partners LLC lifted its stake in Vale by 7.8% during the 3rd quarter. Ballentine Partners LLC now owns 13,627 shares of the basic materials company’s stock valued at $159,000 after acquiring an additional 987 shares during the period. Bank of New York Mellon Corp grew its position in Vale by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock valued at $693,000 after buying an additional 1,187 shares during the period. Pinnacle Associates Ltd. increased its holdings in Vale by 5.0% during the third quarter. Pinnacle Associates Ltd. now owns 28,754 shares of the basic materials company’s stock valued at $336,000 after buying an additional 1,375 shares during the last quarter. Keynote Financial Services LLC raised its position in Vale by 13.5% in the third quarter. Keynote Financial Services LLC now owns 11,737 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 1,400 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Vale by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company’s stock worth $1,852,000 after acquiring an additional 1,494 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Trading Up 1.3 %

Shares of Vale stock opened at $8.62 on Wednesday. Vale S.A. has a twelve month low of $8.38 and a twelve month high of $14.54. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $9.43 and a 200-day moving average price of $10.31. The firm has a market cap of $38.64 billion, a price-to-earnings ratio of 3.99, a PEG ratio of 0.25 and a beta of 0.91.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. The business had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter last year, the business posted $0.66 EPS. Equities research analysts anticipate that Vale S.A. will post 2.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VALE shares. Scotiabank decreased their target price on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, January 6th. Barclays lowered their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. StockNews.com started coverage on shares of Vale in a report on Friday, December 13th. They issued a “buy” rating for the company. JPMorgan Chase & Co. lowered their price target on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Monday, September 23rd. Finally, UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Vale has an average rating of “Hold” and a consensus target price of $13.89.

Vale 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.