Ninety One UK Ltd Sells 105,660 Shares of Vale S.A. (NYSE:VALE)

Ninety One UK Ltd trimmed its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 1.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 6,304,537 shares of the basic materials company's stock after selling 105,660 shares during the period. Ninety One UK Ltd owned approximately 0.14% of Vale worth $62,919,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VALE. Blue Trust Inc. increased its position in shares of Vale by 5.1% during the 1st quarter. Blue Trust Inc. now owns 25,876 shares of the basic materials company's stock worth $258,000 after purchasing an additional 1,248 shares in the last quarter. Snowden Capital Advisors LLC increased its position in shares of Vale by 5.9% during the 4th quarter. Snowden Capital Advisors LLC now owns 24,181 shares of the basic materials company's stock worth $214,000 after purchasing an additional 1,349 shares in the last quarter. Atlas Capital Advisors Inc. increased its position in shares of Vale by 68.3% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock worth $35,000 after purchasing an additional 1,623 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Vale by 10.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 17,278 shares of the basic materials company's stock worth $172,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its position in shares of Vale by 14.4% during the 1st quarter. Ameritas Advisory Services LLC now owns 13,951 shares of the basic materials company's stock worth $130,000 after purchasing an additional 1,757 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Stock Performance

Shares of Vale stock traded up $0.05 during trading on Tuesday, reaching $9.99. The company's stock had a trading volume of 49,339,071 shares, compared to its average volume of 32,659,106. The business's 50-day moving average price is $9.54 and its 200-day moving average price is $9.41. The firm has a market cap of $45.34 billion, a PE ratio of 7.24, a P/E/G ratio of 0.33 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. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.49.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). Vale had a return on equity of 17.65% and a net margin of 15.54%. The firm had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.39 billion. Equities analysts forecast that Vale S.A. will post 1.85 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VALE shares. Royal Bank Of Canada restated a "sector perform" rating and issued a $11.00 price objective (down previously from $12.00) on shares of Vale in a research report on Thursday, April 17th. Wall Street Zen started coverage on shares of Vale in a research report on Wednesday, May 7th. They issued a "hold" rating for the company. Barclays raised their price objective on shares of Vale from $12.75 to $13.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and raised their price objective for the company from $11.00 to $11.50 in a research report on Thursday, April 10th. Finally, CICC Research assumed coverage on shares of Vale in a research report on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective for the company. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Vale presently has an average rating of "Hold" and an average target price 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.