Asset Management One Co. Ltd. Has $1.83 Million Stake in Vale S.A. (NYSE:VALE)

Asset Management One Co. Ltd. trimmed its holdings in shares of Vale S.A. (NYSE:VALE) by 18.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 156,386 shares of the basic materials company’s stock after selling 35,255 shares during the period. Asset Management One Co. Ltd.’s holdings in Vale were worth $1,827,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VALE. Pacifica Partners Inc. bought a new stake in Vale during the second quarter valued at about $27,000. Lowe Wealth Advisors LLC bought a new stake in Vale during the second quarter valued at about $45,000. Phillips Wealth Planners LLC bought a new stake in Vale during the third quarter valued at about $118,000. Vawter Financial Ltd. bought a new stake in Vale during the second quarter valued at about $124,000. Finally, Signature Estate & Investment Advisors LLC bought a new stake in Vale during the second quarter valued at about $125,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Stock Performance

NYSE:VALE opened at $10.59 on Friday. Vale S.A. has a 12-month low of $9.66 and a 12-month high of $16.08. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $47.48 billion, a PE ratio of 4.90, a price-to-earnings-growth ratio of 0.29 and a beta of 0.94. The firm has a 50-day moving average price of $10.81 and a 200 day moving average price of $11.21.

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 the consensus estimate of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The firm had revenue of $9.55 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. Research analysts anticipate that Vale S.A. will post 2.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VALE shares. StockNews.com started coverage on shares of Vale in a report on Friday, October 18th. They set a “buy” rating for the company. Wolfe Research cut shares of Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Scotiabank reduced their target price on shares of Vale from $17.00 to $16.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th. Morgan Stanley reduced their target price on shares of Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday, September 19th. Finally, 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 research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.17.

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.