Crossmark Global Holdings Inc. trimmed its position in shares of Vale SA (NYSE:VALE) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,834 shares of the basic materials company’s stock after selling 5,770 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Vale were worth $2,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new position in Vale in the 2nd quarter worth $50,000. Northwestern Mutual Wealth Management Co. raised its holdings in Vale by 360.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,940 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 4,650 shares during the period. Stonebridge Capital Advisors LLC bought a new position in Vale in the 2nd quarter worth $95,000. Advisor Partners LLC bought a new position in Vale in the 2nd quarter worth $135,000. Finally, Verition Fund Management LLC bought a new position in Vale in the 2nd quarter worth $141,000. 18.44% of the stock is currently owned by hedge funds and other institutional investors.
VALE has been the topic of a number of recent analyst reports. Exane BNP Paribas raised Vale from an “underperform” rating to a “neutral” rating in a report on Thursday, September 5th. Macquarie raised Vale from a “neutral” rating to an “outperform” rating and set a $14.00 price target on the stock in a report on Tuesday, September 10th. Deutsche Bank set a $15.00 price target on Vale and gave the company a “hold” rating in a report on Thursday, July 11th. ValuEngine raised Vale from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BNP Paribas raised Vale from an “underperform” rating to a “neutral” rating in a report on Thursday, September 5th. Fifteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.37.
Vale (NYSE:VALE) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.34). The firm had revenue of $9.19 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Vale had a net margin of 9.30% and a return on equity of 21.11%. On average, equities analysts expect that Vale SA will post 1.36 EPS for the current fiscal year.
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. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.
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