Vale S.A. (NYSE:VALE) Position Boosted by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its holdings in Vale S.A. (NYSE:VALE) by 62.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,774 shares of the basic materials company’s stock after buying an additional 41,800 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Vale were worth $1,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SPX Gestao de Recursos Ltda boosted its stake in Vale by 60.6% during 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Vale by 27.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,853,914 shares of the basic materials company’s stock valued at $132,408,000 after purchasing an additional 2,578,900 shares in the last quarter. Mondrian Investment Partners LTD boosted its stake in Vale by 20.4% during the 2nd quarter. Mondrian Investment Partners LTD now owns 10,950,729 shares of the basic materials company’s stock valued at $118,815,000 after purchasing an additional 1,854,940 shares in the last quarter. Marshall Wace LLP boosted its stake in Vale by 395.3% during the 2nd quarter. Marshall Wace LLP now owns 7,152,069 shares of the basic materials company’s stock valued at $79,889,000 after purchasing an additional 5,707,969 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Vale by 110.9% during the 2nd quarter. Van ECK Associates Corp now owns 5,459,485 shares of the basic materials company’s stock valued at $60,983,000 after purchasing an additional 2,871,094 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Price Performance

VALE opened at $10.02 on Friday. The stock has a fifty day moving average of $10.76 and a 200-day moving average of $11.03. The firm has a market capitalization of $44.92 billion, a P/E ratio of 4.64, a PEG ratio of 0.27 and a beta of 0.94. Vale S.A. has a 12-month low of $9.66 and a 12-month high of $16.08. 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 (NYSE:VALE) last released its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (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 analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter in the prior year, the company earned $0.66 earnings per share. Equities analysts forecast that Vale S.A. will post 2.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VALE has been the subject of a number of research reports. Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. Scotiabank decreased their price target on Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research note on Monday, September 23rd. StockNews.com assumed coverage on Vale in a research note on Friday, October 18th. They set a “buy” rating for the company. Finally, Morgan Stanley reduced their price objective on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, five have assigned 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 target price of $15.13.

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.