Baldwin Investment Management LLC Lowers Stake in Vale SA (VALE)

Baldwin Investment Management LLC cut its holdings in Vale SA (NYSE:VALE) by 54.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,590 shares of the basic materials company’s stock after selling 13,736 shares during the quarter. Baldwin Investment Management LLC’s holdings in Vale were worth $172,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VALE. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Vale by 1,518.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,027 shares of the basic materials company’s stock valued at $106,000 after buying an additional 7,531 shares in the last quarter. Johnson Financial Group Inc. increased its stake in shares of Vale by 84.1% in the second quarter. Johnson Financial Group Inc. now owns 11,600 shares of the basic materials company’s stock valued at $149,000 after buying an additional 5,300 shares in the last quarter. Advisor Partners LLC acquired a new stake in shares of Vale in the second quarter valued at $157,000. CIBC Private Wealth Group LLC increased its stake in shares of Vale by 10,000.0% in the second quarter. CIBC Private Wealth Group LLC now owns 14,140 shares of the basic materials company’s stock valued at $181,000 after buying an additional 14,000 shares in the last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in shares of Vale in the second quarter valued at $187,000. Institutional investors own 20.21% of the company’s stock.

Shares of VALE stock opened at $14.35 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.21. The stock has a market capitalization of $73.41 billion, a P/E ratio of 10.63 and a beta of 1.52. Vale SA has a 12 month low of $10.55 and a 12 month high of $16.13.

Vale (NYSE:VALE) last announced its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. The firm had revenue of $9.54 billion during the quarter, compared to analyst estimates of $8.97 billion. Vale had a return on equity of 17.87% and a net margin of 10.70%. Equities analysts anticipate that Vale SA will post 1.49 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the company. UBS Group upgraded Vale from a “sell” rating to a “neutral” rating in a research note on Wednesday, October 31st. Citigroup lowered Vale from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Monday, October 29th. Zacks Investment Research upgraded Vale from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, October 15th. Deutsche Bank set a $15.00 price objective on Vale and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Finally, Macquarie lowered Vale from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Vale presently has a consensus rating of “Buy” and an average target price of $15.13.

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About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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