Vale S.A. (NYSE:VALE) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 39.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,425 shares of the basic materials company's stock after selling 83,139 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Vale were worth $1,477,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VALE. Pacifica Partners Inc. bought a new position in shares of Vale during the 2nd quarter worth approximately $27,000. Lowe Wealth Advisors LLC purchased a new stake in shares of Vale during the 2nd quarter valued at $45,000. Phillips Wealth Planners LLC acquired a new stake in shares of Vale in the 3rd quarter worth $118,000. Vawter Financial Ltd. purchased a new position in Vale during the 2nd quarter worth $124,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Vale during the 2nd quarter valued at about $125,000. Institutional investors own 21.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Scotiabank decreased their price objective on shares of Vale from $17.00 to $16.00 and set a "sector perform" rating for the company in a research report on Tuesday, October 15th. UBS Group downgraded shares of Vale from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $14.00 to $11.50 in a research note on Monday. Morgan Stanley cut their target price on Vale from $16.00 to $15.50 and set an "overweight" rating on the stock in a research report on Thursday, September 19th. Wolfe Research cut Vale from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. cut their price objective on Vale from $16.50 to $15.00 and set an "overweight" rating on the stock in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $15.83.

Vale Trading Down 0.7 %

Shares of Vale stock traded down $0.07 during mid-day trading on Thursday, hitting $9.82. The stock had a trading volume of 17,956,883 shares, compared to its average volume of 27,634,488. The firm has a 50-day moving average of $10.79 and a two-hundred day moving average of $11.15. The firm has a market cap of $44.02 billion, a P/E ratio of 4.58, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94. 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 S.A. has a 12-month low of $9.66 and a 12-month high of $16.08.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period last year, the company earned $0.66 EPS. Sell-side analysts forecast that Vale S.A. will post 2.12 earnings per share for the current year.

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.