Wilmington Savings Fund Society FSB Sells 3,000 Shares of Vale S.A. (NYSE:VALE)

Wilmington Savings Fund Society FSB reduced its stake in Vale S.A. (NYSE:VALE) by 44.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,725 shares of the basic materials company’s stock after selling 3,000 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Vale were worth $33,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ballentine Partners LLC lifted its position in Vale by 7.8% during the 3rd quarter. Ballentine Partners LLC now owns 13,627 shares of the basic materials company’s stock worth $159,000 after buying an additional 987 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Vale by 5.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 28,754 shares of the basic materials company’s stock valued at $336,000 after purchasing an additional 1,375 shares during the period. Keynote Financial Services LLC raised its holdings in shares of 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 purchasing an additional 1,400 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Vale by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company’s stock valued at $1,852,000 after purchasing an additional 1,494 shares during the period. Finally, Stock Yards Bank & Trust Co. raised its holdings in shares of Vale by 16.8% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 1,725 shares during the period. 21.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut shares of Vale from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Barclays dropped their target price 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. Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Jefferies Financial Group decreased their price target on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group lowered shares of Vale from a “buy” rating to a “neutral” rating and decreased their price target for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Vale has a consensus rating of “Hold” and an average price target of $13.26.

Vale Stock Performance

Shares of NYSE:VALE opened at $9.78 on Friday. The company’s 50 day moving average price is $9.07 and its two-hundred day moving average price is $10.02. Vale S.A. has a 12-month low of $8.38 and a 12-month high of $13.77. The firm has a market cap of $44.37 billion, a PE ratio of 4.53, a PEG ratio of 0.30 and a beta of 0.91. 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.