Capital Guardian Trust Co. lowered its stake in Vale SA (NYSE:VALE) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,879,445 shares of the basic materials company’s stock after selling 1,439,443 shares during the quarter. Vale comprises approximately 3.0% of Capital Guardian Trust Co.’s holdings, making the stock its 2nd largest holding. Capital Guardian Trust Co. owned 0.33% of Vale worth $169,976,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its stake in shares of Vale by 8.4% in the 2nd quarter. Raymond James Trust N.A. now owns 11,560 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 893 shares during the period. Verition Fund Management LLC acquired a new position in shares of Vale in the 2nd quarter valued at $107,000. Wedbush Securities Inc. raised its stake in Vale by 0.7% during the 2nd quarter. Wedbush Securities Inc. now owns 12,991 shares of the basic materials company’s stock worth $114,000 after buying an additional 84 shares during the period. Baldwin Investment Management LLC raised its stake in Vale by 0.3% during the 2nd quarter. Baldwin Investment Management LLC now owns 13,701 shares of the basic materials company’s stock worth $120,000 after buying an additional 36 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in Vale during the 2nd quarter worth $127,000. 20.37% of the stock is currently owned by institutional investors.

Several analysts recently commented on VALE shares. TheStreet downgraded Vale from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Jefferies Group reaffirmed a “hold” rating on shares of Vale in a research note on Tuesday, October 3rd. Royal Bank Of Canada raised Vale from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $11.00 to $14.50 in a research note on Monday, November 20th. Santander raised Vale from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Finally, BidaskClub downgraded Vale from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Vale presently has a consensus rating of “Buy” and an average target price of $11.08.

Vale SA (VALE) traded up $0.04 on Friday, hitting $10.78. The company’s stock had a trading volume of 22,964,076 shares, compared to its average volume of 25,205,484. Vale SA has a 1 year low of $7.47 and a 1 year high of $11.72. The firm has a market cap of $55,553.38, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 0.73 and a beta of 1.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.86 and a quick ratio of 1.47.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.15. Vale had a return on equity of 19.02% and a net margin of 15.25%. The firm had revenue of $9.05 billion for the quarter. research analysts expect that Vale SA will post 1.21 EPS for the current year.

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Vale Profile

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

Institutional Ownership by Quarter for Vale (NYSE:VALE)

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