Tidal Investments LLC Reduces Position in Vale S.A. (NYSE:VALE)

Tidal Investments LLC reduced its position in Vale S.A. (NYSE:VALE - Free Report) by 19.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 241,304 shares of the basic materials company's stock after selling 60,106 shares during the period. Tidal Investments LLC's holdings in Vale were worth $2,140,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VALE. Arrowstreet Capital Limited Partnership increased its position in Vale by 328.3% in the 4th 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 during the period. FMR LLC grew its stake in shares of Vale by 28.8% in the 4th quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock valued at $418,338,000 after purchasing an additional 10,557,888 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Vale by 49.3% in the 4th quarter. Lazard Asset Management LLC now owns 18,238,313 shares of the basic materials company's stock valued at $161,773,000 after purchasing an additional 6,023,144 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 purchasing an additional 5,775,590 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Vale by 106.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company's stock worth $86,226,000 after purchasing an additional 5,001,228 shares during the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $11.00 target price (down previously from $12.00) on shares of Vale in a report on Thursday, April 17th. UBS Group lowered their price objective on Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Wall Street Zen assumed coverage on Vale in a research note on Wednesday, May 7th. They set a "hold" rating for the company. CICC Research started coverage on Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 price target on the stock. Finally, Bank of America raised 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. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.04.

Vale Price Performance

VALE stock traded down $0.09 during midday trading on Tuesday, hitting $9.52. 16,497,536 shares of the stock were exchanged, compared to its average volume of 30,760,783. The stock's 50-day moving average price is $9.48 and its 200-day moving average price 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 cap of $43.19 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 0.31 and a beta of 0.83. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $12.62.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). Vale had a return on equity of 17.38% and a net margin of 16.15%. The firm had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.39 billion. Research 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.