USS Investment Management Ltd Has $8.93 Million Holdings in Vale S.A. (NYSE:VALE)

USS Investment Management Ltd trimmed its stake in Vale S.A. (NYSE:VALE - Free Report) by 19.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,006,676 shares of the basic materials company's stock after selling 236,800 shares during the quarter. USS Investment Management Ltd's holdings in Vale were worth $8,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its stake in Vale by 328.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company's stock valued at $153,891,000 after purchasing an additional 13,298,912 shares in the last quarter. FMR LLC lifted its holdings 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 valued at $418,338,000 after buying an additional 10,557,888 shares during the last quarter. Lazard Asset Management LLC lifted its holdings 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 valued at $161,773,000 after buying an additional 6,023,144 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Vale by 20.5% in 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 buying an additional 5,775,590 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Vale by 106.0% in 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 buying an additional 5,001,228 shares during the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VALE has been the topic of several recent research reports. Wall Street Zen assumed coverage on shares of Vale in a research 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 research note on Thursday, April 17th. CICC Research started coverage on shares of Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective for the company. Bank of America upgraded shares of 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. Finally, UBS Group lowered their target price on shares of Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Vale presently has a consensus rating of "Hold" and a consensus price target of $12.04.

Vale Stock Performance

Shares of NYSE VALE traded down $0.09 during trading hours on Tuesday, hitting $9.52. 8,299,957 shares of the stock were exchanged, compared to its average volume of 30,730,457. Vale S.A. has a one year low of $8.06 and a one year high of $12.62. The company's 50 day moving average is $9.48 and its 200 day moving average is $9.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The firm has a market capitalization of $43.19 billion, a P/E ratio of 6.60, a P/E/G ratio of 0.31 and a beta of 0.83.

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 analysts' consensus estimates of $0.37 by ($0.02). The firm had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. On average, research analysts expect that Vale S.A. will post 1.85 EPS for the current 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.