Public Employees Retirement System of Ohio Lowers Holdings in Vale S.A. $VALE

Public Employees Retirement System of Ohio trimmed its stake in shares of Vale S.A. (NYSE:VALE) by 45.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 519,409 shares of the basic materials company’s stock after selling 439,474 shares during the period. Public Employees Retirement System of Ohio’s holdings in Vale were worth $8,264,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in Vale in the fourth quarter valued at approximately $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its stake in shares of Vale by 128.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 1,155 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in shares of Vale during the 4th quarter worth approximately $33,000. Cornerstone Planning Group LLC increased its holdings in shares of Vale by 15,360.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 3,072 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in shares of Vale during the 3rd quarter valued at approximately $34,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on VALE. Scotiabank lowered their price target on shares of Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a report on Monday, July 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vale in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 price objective on shares of Vale in a research report on Friday, May 15th. The Goldman Sachs Group lowered shares of Vale from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $18.00 to $16.00 in a research note on Monday. Finally, Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.00 to $19.00 in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.15.

Vale Stock Down 0.1%

Shares of NYSE VALE opened at $14.77 on Tuesday. The firm has a market cap of $67.03 billion, a price-to-earnings ratio of 22.04 and a beta of 0.46. The company’s 50-day simple moving average is $15.31 and its 200-day simple moving average is $15.82. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. Vale S.A. has a 52-week low of $9.36 and a 52-week high of $17.94.

Vale (NYSE:VALE) last posted its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). Vale had a net margin of 7.21% and a return on equity of 21.10%. The firm had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. Equities analysts predict that Vale S.A. will post 1.91 EPS for the current fiscal year.

Vale Company Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.