Wilmington Savings Fund Society FSB Takes Position in Vale S.A. (NYSE:VALE)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Vale S.A. (NYSE:VALE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,725 shares of the basic materials company’s stock, valued at approximately $79,000.

Several other institutional investors also recently modified their holdings of the business. World Investment Advisors LLC raised its position in Vale by 89.7% in the third quarter. World Investment Advisors LLC now owns 19,376 shares of the basic materials company’s stock worth $226,000 after acquiring an additional 9,161 shares during the period. Stock Yards Bank & Trust Co. raised its holdings in Vale by 16.8% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company’s stock worth $140,000 after purchasing an additional 1,725 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Vale by 0.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,007,410 shares of the basic materials company’s stock worth $23,446,000 after purchasing an additional 14,100 shares during the period. Impala Asset Management LLC lifted its position in Vale by 6.7% during the third quarter. Impala Asset Management LLC now owns 160,000 shares of the basic materials company’s stock valued at $1,869,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Vale during the third quarter valued at about $10,148,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Trading Up 1.4 %

NYSE:VALE opened at $8.90 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. The firm has a fifty day simple moving average of $10.11 and a 200-day simple moving average of $10.63. Vale S.A. has a 12 month low of $8.69 and a 12 month high of $16.08. The company has a market capitalization of $39.90 billion, a P/E ratio of 4.12, a PEG ratio of 0.27 and a beta of 0.91.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The company had revenue of $9.55 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same period last year, the firm posted $0.66 EPS. On average, equities research analysts anticipate that Vale S.A. will post 2.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VALE shares. JPMorgan Chase & Co. reduced their target price on shares of Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Monday, September 23rd. Morgan Stanley cut shares of Vale from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Scotiabank lowered their target price on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 20th. Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. Finally, UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $14.00 to $11.50 in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.38.

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.