Ameriprise Financial Inc. Reduces Holdings in Vale S.A. (NYSE:VALE)

Ameriprise Financial Inc. cut its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 28.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 718,480 shares of the basic materials company's stock after selling 280,058 shares during the quarter. Ameriprise Financial Inc.'s holdings in Vale were worth $6,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. American Trust Investment Advisors LLC boosted its holdings in Vale by 39.1% in the 4th quarter. American Trust Investment Advisors LLC now owns 65,525 shares of the basic materials company's stock valued at $581,000 after purchasing an additional 18,405 shares during the last quarter. Advanced Portfolio Management LLC acquired a new position in Vale in the fourth quarter valued at approximately $710,000. Wahed Invest LLC lifted its holdings in Vale by 12.5% in the fourth quarter. Wahed Invest LLC now owns 53,611 shares of the basic materials company's stock valued at $476,000 after acquiring an additional 5,951 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Vale in the fourth quarter valued at approximately $587,000. Finally, Dynamo Internacional Gestao DE Recursos LTDA. lifted its holdings in Vale by 47.5% in the fourth quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 4,084,812 shares of the basic materials company's stock valued at $36,232,000 after acquiring an additional 1,314,675 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Stock Down 1.4%

Shares of NYSE:VALE traded down $0.14 during trading hours on Wednesday, reaching $9.41. The stock had a trading volume of 4,285,623 shares, compared to its average volume of 30,681,178. Vale S.A. has a 1 year low of $8.06 and a 1 year high of $12.62. The firm's 50 day moving average is $9.47 and its 200-day moving average is $9.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The stock has a market capitalization of $42.69 billion, a price-to-earnings ratio of 6.52, a P/E/G ratio of 0.31 and a beta of 0.83.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). Vale had a net margin of 16.15% and a return on equity of 17.38%. The firm had revenue of $8.12 billion during the quarter, compared to analysts' expectations of $8.39 billion. Research analysts predict that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VALE has been the topic of several recent analyst reports. UBS Group decreased their price objective on shares of Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. CICC Research initiated coverage on shares of Vale in a report on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective on the stock. Wall Street Zen initiated coverage on shares of Vale in a report on Wednesday, May 7th. They issued a "hold" rating on the stock. Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $11.00 to $11.50 in a report on Thursday, April 10th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $11.00 target price (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $12.04.

Vale Company 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.