Turim 21 Investimentos Ltda. Sells 452,770 Shares of Vale S.A. $VALE

Turim 21 Investimentos Ltda. decreased its position in shares of Vale S.A. (NYSE:VALE) by 14.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,678,876 shares of the basic materials company’s stock after selling 452,770 shares during the period. Vale accounts for approximately 12.8% of Turim 21 Investimentos Ltda.’s portfolio, making the stock its 2nd biggest position. Turim 21 Investimentos Ltda.’s holdings in Vale were worth $42,621,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VALE. PNC Financial Services Group Inc. raised its stake in shares of Vale by 2.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 28,913 shares of the basic materials company’s stock worth $377,000 after purchasing an additional 632 shares in the last quarter. Chesapeake Capital Corp IL lifted its stake in Vale by 0.9% in the fourth quarter. Chesapeake Capital Corp IL now owns 72,358 shares of the basic materials company’s stock valued at $943,000 after acquiring an additional 646 shares during the last quarter. Checchi Capital Advisers LLC grew its position in Vale by 1.8% in the fourth quarter. Checchi Capital Advisers LLC now owns 38,134 shares of the basic materials company’s stock worth $497,000 after acquiring an additional 675 shares in the last quarter. NewEdge Wealth LLC grew its position in Vale by 2.8% in the first quarter. NewEdge Wealth LLC now owns 25,799 shares of the basic materials company’s stock worth $410,000 after acquiring an additional 708 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Vale by 1.3% during the 4th quarter. Quadrant Capital Group LLC now owns 66,870 shares of the basic materials company’s stock worth $871,000 after purchasing an additional 853 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Price Performance

NYSE:VALE opened at $14.79 on Monday. The company has a fifty day moving average price of $15.34 and a 200 day moving average price of $15.81. The stock has a market cap of $67.15 billion, a P/E ratio of 22.08 and a beta of 0.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79. Vale S.A. has a one year low of $9.36 and a one year high of $17.94.

Vale (NYSE:VALE) last released 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 company had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.53 billion. Analysts anticipate that Vale S.A. will post 1.91 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VALE shares. Wall Street Zen lowered shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Scotiabank decreased their price target on Vale from $19.00 to $16.00 and set a “sector perform” rating for the company in a research note on Monday, July 20th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vale in a report on Monday, June 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Vale in a research note on Wednesday, July 8th. Finally, Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $19.00 in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Vale has a consensus rating of “Moderate Buy” and an average target price of $16.31.

About Vale

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.