Fort Washington Investment Advisors Inc. OH Decreases Holdings in Vale S.A. (NYSE:VALE)

Fort Washington Investment Advisors Inc. OH trimmed its position in Vale S.A. (NYSE:VALE) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,997 shares of the basic materials company’s stock after selling 1,976 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Vale were worth $115,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VALE shares. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Barclays cut their price target on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Scotiabank decreased their price objective on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research note on Monday, January 6th. Morgan Stanley lowered shares of Vale from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Finally, Jefferies Financial Group lowered their price target on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Vale has a consensus rating of “Hold” and an average target price of $13.89.

Vale Stock Performance

Shares of VALE stock opened at $8.99 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. Vale S.A. has a 12-month low of $8.38 and a 12-month high of $14.27. The business’s 50 day moving average is $9.22 and its two-hundred day moving average is $10.20. The company has a market capitalization of $39.76 billion, a P/E ratio of 4.16, a P/E/G ratio of 0.27 and a beta of 0.92.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter last year, the firm posted $0.66 EPS. Analysts expect that Vale S.A. will post 1.8 EPS for the current fiscal year.

Vale 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.