F M Investments LLC Cuts Stock Holdings in Vale S.A. (NYSE:VALE)

F M Investments LLC lessened its holdings in Vale S.A. (NYSE:VALE) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,152 shares of the basic materials company’s stock after selling 7,010 shares during the quarter. F M Investments LLC’s holdings in Vale were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VALE. Ballentine Partners LLC grew its holdings in Vale by 7.8% during the third quarter. Ballentine Partners LLC now owns 13,627 shares of the basic materials company’s stock worth $159,000 after acquiring an additional 987 shares during the period. Legacy Capital Group California Inc. lifted its stake in shares of Vale by 6.9% in the second quarter. Legacy Capital Group California Inc. now owns 17,932 shares of the basic materials company’s stock valued at $200,000 after purchasing an additional 1,154 shares during the period. Bank of New York Mellon Corp boosted its holdings in Vale by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock worth $693,000 after buying an additional 1,187 shares in the last quarter. Inspire Advisors LLC grew its position in Vale by 6.8% during the first quarter. Inspire Advisors LLC now owns 19,277 shares of the basic materials company’s stock worth $235,000 after buying an additional 1,226 shares during the period. Finally, IFG Advisory LLC grew its position in Vale by 6.1% during the second quarter. IFG Advisory LLC now owns 22,702 shares of the basic materials company’s stock worth $254,000 after buying an additional 1,296 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

NYSE:VALE opened at $10.60 on Monday. Vale S.A. has a 1-year low of $9.66 and a 1-year high of $16.08. The firm has a 50 day simple moving average of $10.79 and a 200-day simple moving average of $11.24. The firm has a market cap of $47.52 billion, a PE ratio of 4.91, a P/E/G ratio of 0.29 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.73.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter in the prior year, the company posted $0.66 EPS. On average, equities analysts expect that Vale S.A. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on VALE shares. Scotiabank decreased their price target on Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Monday, September 23rd. Morgan Stanley cut their price target on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday, September 19th. Finally, StockNews.com assumed coverage on shares of Vale in a report on Friday, October 18th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.17.

Vale Company 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.