Vale SA (NYSE:VALE) Stock Holdings Lowered by World Asset Management Inc

World Asset Management Inc lowered its position in shares of Vale SA (NYSE:VALE) by 4.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 76,432 shares of the basic materials company’s stock after selling 3,537 shares during the period. World Asset Management Inc’s holdings in Vale were worth $1,027,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new position in shares of Vale during the first quarter worth about $35,000. Enterprise Financial Services Corp grew its position in shares of Vale by 338.7% during the first quarter. Enterprise Financial Services Corp now owns 4,124 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 3,184 shares during the last quarter. Investors Research Corp bought a new position in Vale in the 1st quarter valued at about $72,000. Northwestern Mutual Wealth Management Co. grew its position in Vale by 360.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,940 shares of the basic materials company’s stock valued at $78,000 after buying an additional 4,650 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in Vale in the 1st quarter valued at about $128,000. Institutional investors and hedge funds own 19.19% of the company’s stock.

NYSE VALE traded down $0.26 on Friday, reaching $12.26. The company’s stock had a trading volume of 542,063 shares, compared to its average volume of 16,325,866. Vale SA has a twelve month low of $10.89 and a twelve month high of $16.13. The company has a current ratio of 1.21, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $68.66 billion, a PE ratio of 6.64, a PEG ratio of 1.80 and a beta of 1.06. The business has a 50 day moving average price of $13.50.

Vale (NYSE:VALE) last issued its quarterly earnings results on Friday, May 10th. The basic materials company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.09). Vale had a net margin of 10.03% and a return on equity of 23.20%. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $9.61 billion. As a group, sell-side analysts anticipate that Vale SA will post 1.73 EPS for the current fiscal year.

A number of equities analysts recently issued reports on VALE shares. Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.50 to $15.50 in a research report on Friday, May 24th. TheStreet lowered shares of Vale from a “b-” rating to a “c” rating in a research report on Thursday, May 16th. BMO Capital Markets set a $13.00 target price on shares of Vale and gave the company a “hold” rating in a research report on Tuesday, May 14th. Royal Bank of Canada upgraded shares of Vale from an “underperform” rating to a “sector perform” rating and set a $11.00 target price for the company in a research report on Friday, May 24th. Finally, ValuEngine lowered shares of Vale from a “sell” rating to a “strong sell” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.22.

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. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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