Vale S.A. (NYSE:VALE) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its stake in shares of Vale S.A. (NYSE:VALE) by 40.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,419 shares of the basic materials company’s stock after selling 7,050 shares during the period. Blue Trust Inc.’s holdings in Vale were worth $92,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Vale in the 3rd quarter worth approximately $28,000. Brooklyn Investment Group boosted its holdings in shares of Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 1,900 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Vale in the third quarter worth $36,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Vale during the third quarter worth $79,000. Finally, Vienna Asset Management LLC acquired a new position in Vale during the third quarter valued at $117,000. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VALE. Jefferies Financial Group cut their price target on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. StockNews.com initiated coverage on Vale in a research report on Friday, December 13th. They set a “buy” rating for the company. Scotiabank lowered their price objective on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Monday, January 6th. Finally, UBS Group lowered shares of 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 report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.89.

Vale Price Performance

Vale stock opened at $9.46 on Friday. The stock has a market capitalization of $42.93 billion, a P/E ratio of 4.38, a P/E/G ratio of 0.29 and a beta of 0.91. The company’s fifty day moving average price is $9.09 and its 200 day moving average price is $10.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a 1 year low of $8.38 and a 1 year high of $13.77.

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.