VALE S.A. (NYSE:VALE) Stock Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers lifted its position in VALE S.A. (NYSE:VALE - Free Report) by 25.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 166,125 shares of the basic materials company's stock after buying an additional 34,185 shares during the period. Rhumbline Advisers' holdings in VALE were worth $1,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Snowden Capital Advisors LLC raised its position 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 during the period. Atlas Capital Advisors Inc. raised its position in shares of VALE by 68.3% during the fourth 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 during the period. Stifel Financial Corp raised its position in shares of VALE by 1.1% during the fourth quarter. Stifel Financial Corp now owns 170,951 shares of the basic materials company's stock worth $1,516,000 after purchasing an additional 1,797 shares during the period. IFP Advisors Inc raised its position in shares of VALE by 206.4% during the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock worth $26,000 after purchasing an additional 1,938 shares during the period. Finally, Lindbrook Capital LLC raised its position in shares of VALE by 30.9% during the fourth quarter. Lindbrook Capital LLC now owns 9,827 shares of the basic materials company's stock worth $87,000 after purchasing an additional 2,317 shares during the period. Institutional investors own 21.85% of the company's stock.

VALE Stock Down 0.7%

NYSE:VALE traded down $0.07 during trading hours on Thursday, hitting $9.29. 32,754,096 shares of the company's stock traded hands, compared to its average volume of 31,353,397. The firm has a market cap of $42.14 billion, a P/E ratio of 6.73, a P/E/G ratio of 0.30 and a beta of 0.76. VALE S.A. has a twelve month low of $8.06 and a twelve month high of $12.05. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.74 and a current ratio of 1.11. The stock's fifty day moving average price is $9.45 and its two-hundred day moving average price is $9.39.

VALE (NYSE:VALE - Get Free Report) last issued its earnings results on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). VALE had a net margin of 15.54% and a return on equity of 17.65%. The firm had revenue of $8.12 billion during the quarter, compared to analysts' expectations of $8.39 billion. On average, research analysts expect that VALE S.A. will post 1.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VALE has been the topic of a number of recent analyst reports. Wall Street Zen initiated coverage on VALE in a research report on Wednesday, May 7th. They set a "hold" rating on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $11.00 target price (down from $12.00) on shares of VALE in a research report on Thursday, April 17th. Bank of America raised VALE from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. UBS Group dropped their price target 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, CICC Research assumed coverage on VALE in a research report on Monday, May 12th. They set an "outperform" rating and a $11.30 price target on the stock. Seven equities 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.com, VALE presently has a consensus rating of "Hold" and a consensus target price of $12.04.

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.