Bleakley Financial Group LLC Sells 39,871 Shares of Vale S.A. (NYSE:VALE)

Bleakley Financial Group LLC lessened its position in shares of Vale S.A. (NYSE:VALE) by 49.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,229 shares of the basic materials company’s stock after selling 39,871 shares during the period. Bleakley Financial Group LLC’s holdings in Vale were worth $490,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VALE. Wedmont Private Capital boosted its holdings in shares of Vale by 15.6% during the fourth quarter. Wedmont Private Capital now owns 14,097 shares of the basic materials company’s stock worth $215,000 after acquiring an additional 1,903 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of Vale by 14.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 15,108 shares of the basic materials company’s stock worth $231,000 after acquiring an additional 1,883 shares during the period. Raymond James Trust N.A. raised its position in shares of Vale by 19.8% in the fourth quarter. Raymond James Trust N.A. now owns 33,805 shares of the basic materials company’s stock valued at $536,000 after buying an additional 5,591 shares in the last quarter. Ziegler Capital Management LLC acquired a new stake in shares of Vale in the fourth quarter valued at approximately $1,340,000. Finally, Whittier Trust Co. raised its position in shares of 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 buying an additional 1,578 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

Shares of Vale stock opened at $11.02 on Friday. 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 twelve month low of $10.91 and a twelve month high of $16.08. The stock has a market cap of $49.40 billion, a price-to-earnings ratio of 6.04, a P/E/G ratio of 3.79 and a beta of 0.96. The company’s fifty day moving average is $11.73 and its 200 day moving average is $12.65.

Vale (NYSE:VALE) last issued its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.35 billion. Vale had a net margin of 18.72% and a return on equity of 19.59%. Sell-side analysts forecast that Vale S.A. will post 2.14 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VALE. Morgan Stanley dropped their price target on shares of Vale from $18.00 to $15.50 and set an “overweight” rating for the company in a research report on Friday, June 21st. JPMorgan Chase & Co. dropped their price target on shares of Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Wolfe Research downgraded shares of Vale from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Barclays upped their price target on shares of Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, BNP Paribas upgraded shares of Vale from an “underperform” rating to a “neutral” rating in a report on Friday, June 21st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Vale has an average rating of “Moderate Buy” and a consensus price target of $16.85.

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.