Vale S.A. (NYSE:VALE) Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its holdings in shares of Vale S.A. (NYSE:VALE) by 23.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,704 shares of the basic materials company’s stock after selling 8,133 shares during the quarter. Savant Capital LLC’s holdings in Vale were worth $237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its position in shares of Vale by 215.9% during 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 Asia Singapore Pte. Ltd. acquired a new position in shares of Vale during the 3rd quarter valued at about $28,000. Point72 Hong Kong Ltd acquired a new position in shares of Vale during the 3rd quarter valued at about $36,000. R Squared Ltd acquired a new position in shares of Vale during the 4th quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Vale during the 3rd quarter valued at about $79,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Up 0.5 %

Shares of NYSE:VALE opened at $9.81 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The firm has a market capitalization of $44.50 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 0.30 and a beta of 0.91. The firm’s 50-day moving average is $9.08 and its two-hundred day moving average is $9.99. Vale S.A. has a 1 year low of $8.38 and a 1 year high of $13.76.

Wall Street Analyst Weigh In

VALE has been the topic of several recent research reports. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Scotiabank lowered their price target on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Monday, January 6th. UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $11.50 in a research report on Monday, November 11th. Jefferies Financial Group decreased their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Barclays decreased their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.26.

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.