Vale S.A. (NYSE:VALE) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC lessened its holdings in Vale S.A. (NYSE:VALE) by 30.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,534 shares of the basic materials company’s stock after selling 17,565 shares during the period. Radnor Capital Management LLC’s holdings in Vale were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Vale by 6.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company’s stock valued at $92,868,000 after purchasing an additional 468,432 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Vale in the 3rd quarter valued at $1,126,000. Bank of Montreal Can lifted its stake in Vale by 274.4% during the 3rd quarter. Bank of Montreal Can now owns 162,453 shares of the basic materials company’s stock worth $1,915,000 after acquiring an additional 119,061 shares in the last quarter. Bridgewater Associates LP lifted its stake in Vale by 723.2% during the 3rd quarter. Bridgewater Associates LP now owns 2,035,477 shares of the basic materials company’s stock worth $23,774,000 after acquiring an additional 1,788,205 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in Vale during the 3rd quarter worth about $1,422,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VALE. Jefferies Financial Group decreased their target price on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, September 23rd. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, Barclays decreased their target price on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.89.

Vale Price Performance

VALE stock opened at $8.77 on Thursday. Vale S.A. has a 1 year low of $8.38 and a 1 year high of $14.54. The firm has a market capitalization of $39.32 billion, a P/E ratio of 4.06, a P/E/G ratio of 0.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The business’s 50-day moving average is $9.43 and its two-hundred day moving average is $10.31.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The business had revenue of $9.55 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the prior year, the business posted $0.66 EPS. Analysts anticipate that Vale S.A. will post 2.08 earnings per share for the current fiscal year.

About Vale

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.