Wellington Management Group LLP Acquires 1,457,586 Shares of Vale S.A. (NYSE:VALE)

Wellington Management Group LLP raised its stake in Vale S.A. (NYSE:VALE - Free Report) by 64.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,713,475 shares of the basic materials company's stock after buying an additional 1,457,586 shares during the quarter. Wellington Management Group LLP owned about 0.08% of Vale worth $32,939,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in shares of Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 1,938 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Vale by 3,092.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 3,092 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Vale in the fourth quarter valued at approximately $30,000. Atlas Capital Advisors Inc. raised its holdings in shares of Vale by 68.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 1,623 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Vale in the fourth quarter valued at approximately $41,000. Institutional investors own 21.85% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen assumed coverage on shares of Vale in a report on Wednesday, May 7th. They set a "hold" rating on the stock. 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 report on Monday, April 28th. Bank of America upgraded shares of 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 report on Thursday, April 10th. Royal Bank of Canada restated a "sector perform" rating and set a $11.00 target price (down from $12.00) on shares of Vale in a report on Thursday, April 17th. Finally, CICC Research assumed coverage on shares of Vale in a report on Monday, May 12th. They set an "outperform" rating and a $11.30 target price on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.04.

Vale Stock Performance

Shares of NYSE:VALE traded up $0.12 on Wednesday, hitting $9.43. The company had a trading volume of 18,175,856 shares, compared to its average volume of 30,801,900. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $12.05. The stock has a market cap of $42.80 billion, a price-to-earnings ratio of 6.55, a P/E/G ratio of 0.31 and a beta of 0.83. The stock has a 50 day moving average price of $9.39 and a 200 day moving average price of $9.42. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings data 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 16.15% and a return on equity of 17.38%. The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Analysts expect that Vale S.A. will post 1.85 EPS for the current year.

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.