Longfellow Investment Management Co. LLC Sells 36,655 Shares of Vale S.A. $VALE

Longfellow Investment Management Co. LLC cut its holdings in Vale S.A. (NYSE:VALE) by 13.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 239,430 shares of the basic materials company’s stock after selling 36,655 shares during the period. Vale accounts for approximately 0.7% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 18th biggest holding. Longfellow Investment Management Co. LLC’s holdings in Vale were worth $3,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VALE. N.E.W. Advisory Services LLC bought a new position in Vale during the fourth quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Vale by 60.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,030 shares during the period. Bruce G. Allen Investments LLC bought a new stake in shares of Vale in the 4th quarter valued at approximately $33,000. Triumph Capital Management bought a new stake in shares of Vale in the 3rd quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Vale by 15,360.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 3,072 shares during the period. 21.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VALE has been the topic of several analyst reports. UBS Group upped their price objective on Vale from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, March 27th. Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.00 to $19.00 in a research note on Thursday, April 2nd. Wells Fargo & Company lowered their price objective on Vale from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Vale from $18.50 to $19.50 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Finally, Morgan Stanley boosted their target price on Vale from $18.00 to $19.50 and gave the stock an “overweight” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.65.

Insider Activity at Vale

In other news, insider Parenti Grazielle Tallia acquired 10,464 shares of Vale stock in a transaction on Wednesday, April 1st. The shares were purchased at an average price of $16.11 per share, with a total value of $168,575.04. Following the acquisition, the insider owned 10,464 shares in the company, valued at $168,575.04. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Sobrinho Sami Arap acquired 12,990 shares of Vale stock in a transaction on Wednesday, April 1st. The shares were purchased at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the acquisition, the vice president owned 12,990 shares in the company, valued at approximately $209,268.90. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Vale Stock Down 3.6%

Shares of VALE opened at $15.20 on Friday. The company has a market capitalization of $68.97 billion, a P/E ratio of 22.68 and a beta of 0.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79. Vale S.A. has a one year low of $8.97 and a one year high of $17.94. The business’s 50 day simple moving average is $16.53 and its 200-day simple moving average is $15.27.

Vale (NYSE:VALE) last announced its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). The business had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. As a group, sell-side analysts predict that Vale S.A. will post 2.15 EPS for the current fiscal year.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.