Stock Yards Bank & Trust Co. Decreases Stock Holdings in Vale S.A. (NYSE:VALE)

Stock Yards Bank & Trust Co. trimmed its position in shares of Vale S.A. (NYSE:VALE) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the basic materials company’s stock after selling 1,982 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Vale were worth $89,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Vale by 3,692.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company’s stock worth $212,576,000 after acquiring an additional 17,720,100 shares during the period. Holocene Advisors LP purchased a new stake in Vale during the third quarter valued at about $80,300,000. Itau Unibanco Holding S.A. increased its holdings in shares of Vale by 123.4% in the third quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company’s stock worth $140,859,000 after buying an additional 6,660,933 shares during the period. FMR LLC increased its holdings in shares of Vale by 18.2% in the third quarter. FMR LLC now owns 36,605,338 shares of the basic materials company’s stock worth $427,550,000 after buying an additional 5,635,167 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Vale by 106.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company’s stock worth $86,226,000 after buying an additional 5,001,228 shares during the period. 21.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VALE shares. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Scotiabank dropped 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. Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Jefferies Financial Group decreased their price objective on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Barclays decreased their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Vale currently has an average rating of “Hold” and a consensus target price of $13.89.

Vale Price Performance

Shares of VALE opened at $9.43 on Wednesday. The company has a market cap of $42.78 billion, a price-to-earnings ratio of 4.36, a price-to-earnings-growth ratio of 0.29 and a beta of 0.91. Vale S.A. has a twelve month low of $8.38 and a twelve month high of $13.77. 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 has a 50 day moving average of $9.11 and a two-hundred day moving average of $10.08.

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.