Northern Trust Corp Reduces Stake in Vale SA (VALE)

Northern Trust Corp decreased its holdings in Vale SA (NYSE:VALE) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,749,371 shares of the basic materials company’s stock after selling 185,145 shares during the period. Northern Trust Corp owned about 0.09% of Vale worth $62,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hartree Partners LP acquired a new position in shares of Vale in the 3rd quarter valued at about $4,526,000. SG Americas Securities LLC increased its holdings in shares of Vale by 2,582.3% in the 4th quarter. SG Americas Securities LLC now owns 672,370 shares of the basic materials company’s stock valued at $8,869,000 after purchasing an additional 647,303 shares during the period. SPX Equities Gestao de Recursos Ltda increased its holdings in shares of Vale by 84.2% in the 4th quarter. SPX Equities Gestao de Recursos Ltda now owns 295,660 shares of the basic materials company’s stock valued at $3,900,000 after purchasing an additional 135,172 shares during the period. Putnam Investments LLC increased its holdings in shares of Vale by 375.2% in the 3rd quarter. Putnam Investments LLC now owns 561,250 shares of the basic materials company’s stock valued at $8,328,000 after purchasing an additional 443,150 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in shares of Vale by 10.6% in the 3rd quarter. Clearbridge Investments LLC now owns 1,070,071 shares of the basic materials company’s stock valued at $15,880,000 after purchasing an additional 102,964 shares during the period. Institutional investors own 19.53% of the company’s stock.

NYSE:VALE opened at $13.20 on Friday. Vale SA has a 52 week low of $10.89 and a 52 week high of $16.13. The company has a market capitalization of $68.87 billion, a P/E ratio of 9.78 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.21 and a current ratio of 1.65.

VALE has been the topic of a number of research reports. ValuEngine downgraded Vale from a “buy” rating to a “hold” rating in a report on Friday, November 23rd. Barclays set a $16.00 price objective on Vale and gave the stock a “buy” rating in a report on Saturday, December 8th. Macquarie upgraded Vale from a “neutral” rating to an “outperform” rating in a report on Tuesday, December 11th. BNP Paribas downgraded Vale from a “neutral” rating to an “underperform” rating in a report on Thursday, January 24th. Finally, Exane BNP Paribas downgraded Vale from a “neutral” rating to an “underperform” rating in a report on Thursday, January 24th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.90.

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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. 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, as well as engages in the provision of related railroad, port, and terminal logistics services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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