Robeco Institutional Asset Management B.V. Cuts Position in Vale S.A. (NYSE:VALE)

Robeco Institutional Asset Management B.V. reduced its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,657,489 shares of the basic materials company's stock after selling 63,577 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.21% of Vale worth $96,382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of VALE. Blue Trust Inc. increased its holdings in 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 during the period. Snowden Capital Advisors LLC grew its stake in shares of Vale by 5.9% during the fourth 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 holdings in shares of Vale by 68.3% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 1,623 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Vale by 10.9% during the first 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, Stifel Financial Corp grew its position in shares of Vale by 1.1% in the 4th quarter. Stifel Financial Corp now owns 170,951 shares of the basic materials company's stock valued at $1,516,000 after buying an additional 1,797 shares during the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VALE has been the subject of a number of research reports. Wall Street Zen assumed coverage on shares of Vale in a report on Wednesday, May 7th. They issued a "hold" rating for the company. CICC Research began coverage on Vale in a report on Monday, May 12th. They set an "outperform" rating and a $11.30 price target for the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $11.00 price objective (down from $12.00) on shares of Vale in a research report on Thursday, April 17th. UBS Group dropped their target price on Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and increased their target price for the company from $11.00 to $11.50 in a report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $12.04.

Vale Price Performance

Vale stock opened at $9.48 on Friday. The firm's 50-day moving average is $9.46 and its two-hundred day moving average is $9.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.11 and a quick ratio of 0.74. The stock has a market capitalization of $43.03 billion, a P/E ratio of 6.87, a P/E/G ratio of 0.29 and a beta of 0.76. Vale S.A. has a 12-month low of $8.06 and a 12-month high of $12.05.

Vale (NYSE:VALE - Get Free Report) last released its earnings results 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). Vale had a return on equity of 17.65% and a net margin of 15.54%. The firm had revenue of $8.12 billion during the quarter, compared to analysts' expectations of $8.39 billion. Equities analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.

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.

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