Ameriprise Financial Inc. Has $6.38 Million Stock Position in Vale S.A. (NYSE:VALE)

Ameriprise Financial Inc. trimmed its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 718,480 shares of the basic materials company's stock after selling 280,058 shares during the period. Ameriprise Financial Inc.'s holdings in Vale were worth $6,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Atlas Capital Advisors Inc. raised its stake in shares of Vale by 68.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock worth $35,000 after buying an additional 1,623 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Vale by 1.1% during the fourth quarter. Stifel Financial Corp now owns 170,951 shares of the basic materials company's stock worth $1,516,000 after buying an additional 1,797 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Vale by 206.4% during the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock worth $26,000 after buying an additional 1,938 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Vale by 30.9% during the fourth quarter. Lindbrook Capital LLC now owns 9,827 shares of the basic materials company's stock worth $87,000 after buying an additional 2,317 shares during the last quarter. Finally, Virtus ETF Advisers LLC raised its stake in shares of Vale by 17.6% during the fourth quarter. Virtus ETF Advisers LLC now owns 17,005 shares of the basic materials company's stock worth $151,000 after buying an additional 2,541 shares during the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Stock Up 0.2%

Shares of Vale stock traded up $0.02 on Friday, hitting $9.60. The company had a trading volume of 31,060,868 shares, compared to its average volume of 30,816,908. The firm has a market capitalization of $43.55 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.31 and a beta of 0.83. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $12.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The stock has a 50-day moving average of $9.50 and a 200-day moving average of $9.46.

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 return on equity of 17.38% and a net margin of 16.15%. The business had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.39 billion. Research analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VALE. CICC Research began coverage on shares of Vale in a research note on Monday, May 12th. They set an "outperform" rating and a $11.30 price target for the company. UBS Group decreased their price objective on shares of Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Royal Bank of Canada restated a "sector perform" rating and set a $11.00 price objective (down previously from $12.00) on shares of Vale in a report on Thursday, April 17th. Wall Street Zen began coverage on shares of Vale in a report on Wednesday, May 7th. They set a "hold" rating for the company. Finally, Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $11.00 to $11.50 in a report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock 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.