Verde Servicos Internacionais S.A. Has $452,000 Stock Position in Vale S.A. (NYSE:VALE)

Verde Servicos Internacionais S.A. lessened its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 90.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 51,000 shares of the basic materials company's stock after selling 499,676 shares during the period. Vale makes up approximately 0.2% of Verde Servicos Internacionais S.A.'s holdings, making the stock its 28th largest position. Verde Servicos Internacionais S.A.'s holdings in Vale were worth $452,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VALE. FMR LLC grew its stake in shares of Vale by 18.2% in the 3rd quarter. FMR LLC now owns 36,605,338 shares of the basic materials company's stock valued at $427,550,000 after purchasing an additional 5,635,167 shares during the period. SPX Gestao de Recursos Ltda grew its stake in shares of Vale by 60.6% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company's stock valued at $245,404,000 after purchasing an additional 8,288,112 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Vale by 3,692.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company's stock valued at $212,576,000 after purchasing an additional 17,720,100 shares during the period. Fisher Asset Management LLC grew its stake in shares of Vale by 10.7% in the 3rd quarter. Fisher Asset Management LLC now owns 17,404,942 shares of the basic materials company's stock valued at $203,290,000 after purchasing an additional 1,682,544 shares during the period. Finally, Itau Unibanco Holding S.A. grew its stake in shares of Vale by 123.4% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company's stock valued at $140,859,000 after purchasing an additional 6,660,933 shares during the period. Institutional investors and hedge funds own 21.85% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VALE. Barclays lowered their price objective on Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a research note on Wednesday, December 4th. UBS Group lowered Vale from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Jefferies Financial Group decreased their price target on Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Morgan Stanley lowered Vale from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Finally, Scotiabank decreased their price target on Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $13.89.

Vale Trading Down 1.8 %

Vale stock traded down $0.17 during mid-day trading on Tuesday, hitting $9.00. 25,530,760 shares of the company's stock were exchanged, compared to its average volume of 39,641,551. The firm has a market capitalization of $39.76 billion, a P/E ratio of 4.16, a PEG ratio of 0.27 and a beta of 0.92. Vale S.A. has a fifty-two week low of $8.38 and a fifty-two week 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. The company's 50 day simple moving average is $9.19 and its 200-day simple moving average is $10.15.

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.