Rhumbline Advisers Boosts Stock Position in Vale S.A. (NYSE:VALE)

Rhumbline Advisers raised its position in Vale S.A. (NYSE:VALE - Free Report) by 25.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VALE. FMR LLC increased its stake in shares of Vale by 28.8% during the 4th quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock worth $418,338,000 after purchasing an additional 10,557,888 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $301,541,000 after purchasing an additional 5,775,590 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of 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 worth $161,773,000 after purchasing an additional 6,023,144 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Vale by 328.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company's stock worth $153,891,000 after purchasing an additional 13,298,912 shares during the last quarter. Finally, Mondrian Investment Partners LTD increased its stake in shares of Vale by 13.3% during the 4th quarter. Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company's stock worth $109,202,000 after purchasing an additional 1,381,475 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company's stock.

Vale Price Performance

NYSE:VALE traded down $0.26 during trading hours on Friday, hitting $9.05. The stock had a trading volume of 64,676,119 shares, compared to its average volume of 31,529,066. The company has a 50 day simple moving average of $9.45 and a two-hundred day simple moving average of $9.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.11 and a quick ratio of 0.74. Vale S.A. has a one year low of $8.06 and a one year high of $12.05. The firm has a market capitalization of $41.06 billion, a price-to-earnings ratio of 6.55, a P/E/G ratio of 0.29 and a beta of 0.76.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly 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 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 the consensus estimate of $8.39 billion. Research analysts forecast that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $11.00 price objective (down from $12.00) on shares of Vale in a report on Thursday, April 17th. Wall Street Zen started coverage on shares of Vale in a report on Wednesday, May 7th. They issued a "hold" rating for the company. Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $11.00 to $11.50 in a report on Thursday, April 10th. Finally, CICC Research started coverage on shares of Vale in a report on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective for the company. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Vale has a consensus rating of "Hold" and an average price target of $12.04.

Vale Company 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.