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

Tidal Investments LLC lessened its stake in Vale S.A. (NYSE:VALE - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of VALE. Arrowstreet Capital Limited Partnership lifted its stake in shares of 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 last quarter. FMR LLC lifted 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 acquiring an additional 10,557,888 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Vale by 49.3% during 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 period. Price T Rowe Associates Inc. MD increased its holdings in Vale by 20.5% during the 4th 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. increased its holdings in Vale by 106.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company's stock valued at $86,226,000 after purchasing an additional 5,001,228 shares during the period. Institutional investors own 21.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VALE shares. CICC Research started coverage on Vale in a report on Monday, May 12th. They set an "outperform" rating and a $11.30 price target on the stock. Wall Street Zen started coverage on Vale in a report on Wednesday, May 7th. They set a "hold" rating on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $11.00 price target (down previously from $12.00) on shares of Vale in a report on Thursday, April 17th. Bank of America upgraded Vale from a "neutral" rating to a "buy" rating and boosted their price target for the company from $11.00 to $11.50 in a report on Thursday, April 10th. Finally, UBS Group reduced their price target on Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.04.

Vale Stock Down 1.8%

Shares of NYSE:VALE traded down $0.18 during trading on Wednesday, hitting $9.37. The stock had a trading volume of 8,041,682 shares, compared to its average volume of 30,695,881. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $12.62. The company has a market capitalization of $42.51 billion, a PE ratio of 6.50, a PEG ratio of 0.31 and a beta of 0.83. The firm's fifty day moving average is $9.47 and its 200 day moving average is $9.44. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate of $8.39 billion. Analysts anticipate that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale 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.