Verde Servicos Internacionais S.A. Sells 499,676 Shares of Vale S.A. (NYSE:VALE)

Verde Servicos Internacionais S.A. lessened its position in shares of Vale S.A. (NYSE:VALE) by 90.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,000 shares of the basic materials company’s stock after selling 499,676 shares during the period. Vale accounts for 0.2% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 28th biggest holding. Verde Servicos Internacionais S.A.’s holdings in Vale were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ballentine Partners LLC boosted its stake 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 in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Vale by 5.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 28,754 shares of the basic materials company’s stock worth $336,000 after purchasing an additional 1,375 shares in the last quarter. Keynote Financial Services LLC increased its position in Vale by 13.5% in the 3rd quarter. Keynote Financial Services LLC now owns 11,737 shares of the basic materials company’s stock valued at $137,000 after buying an additional 1,400 shares in the last quarter. Principal Financial Group Inc. raised its stake in Vale by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company’s stock worth $1,852,000 after buying an additional 1,494 shares during the period. Finally, Stock Yards Bank & Trust Co. boosted its holdings in Vale by 16.8% in the third quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 1,725 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on VALE shares. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Jefferies Financial Group decreased their price objective on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, January 6th. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Scotiabank lowered their price target on Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research report on Monday, January 6th. Finally, Barclays cut their price objective on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Vale has an average rating of “Hold” and a consensus price target of $13.89.

Vale Stock Performance

NYSE VALE opened at $9.18 on Tuesday. The company’s 50 day moving average is $9.21 and its 200-day moving average is $10.17. The firm has a market cap of $39.76 billion, a P/E ratio of 4.25, a price-to-earnings-growth ratio of 0.27 and a beta of 0.92. Vale S.A. has a 12-month low of $8.38 and a 12-month high of $14.00. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

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.