Massachusetts Financial Services Co. MA Increases Stock Holdings in Vale S.A. (NYSE:VALE)

Massachusetts Financial Services Co. MA lifted its holdings in Vale S.A. (NYSE:VALE - Free Report) by 38.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,932,405 shares of the basic materials company's stock after purchasing an additional 4,389,959 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.35% of Vale worth $159,005,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its stake in shares of Vale by 328.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company's stock valued at $153,891,000 after acquiring an additional 13,298,912 shares in the last quarter. FMR LLC grew its stake in shares of Vale by 28.8% in the fourth quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock valued at $418,338,000 after acquiring an additional 10,557,888 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Vale by 49.3% in the fourth quarter. Lazard Asset Management LLC now owns 18,238,313 shares of the basic materials company's stock valued at $161,773,000 after acquiring an additional 6,023,144 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Vale by 20.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,995,398 shares of the basic materials company's stock valued at $301,541,000 after acquiring an additional 5,775,590 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Vale by 6,547.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 4,782,424 shares of the basic materials company's stock valued at $42,420,000 after acquiring an additional 4,710,481 shares in the last quarter. Institutional investors own 21.85% of the company's stock.

Vale Stock Performance

Shares of NYSE:VALE traded up $0.07 during midday trading on Friday, reaching $9.88. The company had a trading volume of 7,515,861 shares, compared to its average volume of 33,201,007. The company's 50 day moving average price is $9.63 and its 200 day moving average price is $9.45. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.49. The stock has a market cap of $44.82 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.32 and a beta of 0.77. Vale S.A. has a 52-week low of $8.06 and a 52-week high of $12.05.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $8.12 billion for the quarter, compared to analysts' expectations of $8.39 billion. Vale had a net margin of 15.54% and a return on equity of 17.65%. As a group, sell-side analysts anticipate that Vale S.A. will post 1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada restated a "sector perform" rating and issued a $11.00 price target (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. Barclays upped their price target on shares of Vale from $12.75 to $13.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Bank of America raised 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 research report on Thursday, April 10th. UBS Group cut their price objective on shares of Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Wall Street Zen assumed coverage on shares of Vale in a research report on Wednesday, May 7th. They set a "hold" rating for the company. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vale presently has a consensus rating of "Hold" and an average price target of $11.79.

About Vale

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.