Vale S.A. (NYSE:VALE) Stock Holdings Trimmed by Henry James International Management Inc.

Henry James International Management Inc. reduced its position in Vale S.A. (NYSE:VALE) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,657 shares of the basic materials company’s stock after selling 1,612 shares during the quarter. Henry James International Management Inc.’s holdings in Vale were worth $971,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Vale in the first quarter valued at about $26,000. Whittier Trust Co. boosted its stake in Vale by 423.1% in the fourth quarter. Whittier Trust Co. now owns 1,951 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 1,578 shares during the period. Rakuten Securities Inc. acquired a new position in Vale in the fourth quarter valued at approximately $31,000. Richardson Financial Services Inc. acquired a new position in Vale in the fourth quarter valued at approximately $31,000. Finally, GAMMA Investing LLC acquired a new position in Vale in the fourth quarter valued at approximately $32,000. 21.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VALE has been the subject of a number of research reports. Bank of America restated a “neutral” rating and issued a $13.00 target price (down from $20.00) on shares of Vale in a research note on Tuesday, April 9th. BNP Paribas upgraded Vale from an “underperform” rating to a “neutral” rating in a research note on Friday, June 21st. JPMorgan Chase & Co. decreased their target price on Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. UBS Group decreased their target price on Vale from $15.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, July 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Vale from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.85.

Vale Price Performance

VALE traded down $0.02 during trading on Tuesday, reaching $11.49. The stock had a trading volume of 25,860,259 shares, compared to its average volume of 25,916,313. The firm has a market capitalization of $51.51 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 3.84 and a beta of 0.96. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.41. Vale S.A. has a 1-year low of $10.99 and a 1-year high of $16.08. The stock has a 50 day moving average of $11.79 and a two-hundred day moving average of $12.67.

Vale (NYSE:VALE) last released its earnings results on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.35 billion. Vale had a return on equity of 19.59% and a net margin of 18.72%. As a group, equities analysts anticipate that Vale S.A. will post 2.17 EPS for the current fiscal year.

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. 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.