Vale S.A. (NYSE:VALE) Stock Holdings Trimmed by National Bank of Canada FI

National Bank of Canada FI cut its stake in Vale S.A. (NYSE:VALE - Free Report) by 94.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,886 shares of the basic materials company's stock after selling 1,486,756 shares during the period. National Bank of Canada FI's holdings in Vale were worth $1,038,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in Vale by 34.2% during the 2nd quarter. Blue Trust Inc. now owns 14,880 shares of the basic materials company's stock worth $181,000 after purchasing an additional 3,794 shares in the last quarter. Milestone Asset Management LLC increased its position in shares of Vale by 359.5% in the second quarter. Milestone Asset Management LLC now owns 68,413 shares of the basic materials company's stock worth $764,000 after acquiring an additional 53,524 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of Vale by 16.1% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 32,030 shares of the basic materials company's stock valued at $358,000 after acquiring an additional 4,450 shares in the last quarter. Legacy Capital Group California Inc. boosted its position in Vale by 6.9% during the 2nd quarter. Legacy Capital Group California Inc. now owns 17,932 shares of the basic materials company's stock worth $200,000 after purchasing an additional 1,154 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Vale by 1.9% in 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 during the period. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Stock Performance

Shares of Vale stock traded down $0.21 during trading hours on Friday, reaching $9.26. The company's stock had a trading volume of 27,085,145 shares, compared to its average volume of 27,648,803. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a one year low of $9.22 and a one year high of $16.08. The company's 50 day simple moving average is $10.33 and its 200 day simple moving average is $10.72. The stock has a market cap of $41.51 billion, a P/E ratio of 4.29, a price-to-earnings-growth ratio of 0.27 and a beta of 0.91.

Vale (NYSE:VALE - Get Free Report) last issued its earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.15. The company had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same period in the previous year, the firm posted $0.66 earnings per share. As a group, analysts expect that Vale S.A. will post 2.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VALE. Morgan Stanley lowered shares of Vale from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $14.50 to $11.30 in a report on Thursday. Barclays reduced their target price on Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a research note on Wednesday, December 4th. Wolfe Research lowered shares of Vale from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, October 9th. UBS Group cut shares of Vale from a "buy" rating to a "neutral" rating and cut their price target for the company from $14.00 to $11.50 in a report on Monday, November 11th. Finally, Scotiabank decreased their price objective on shares of Vale from $16.00 to $14.00 and set a "sector perform" rating for the company in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $14.38.

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.