Woodline Partners LP Acquires Shares of 4,484,186 Vale S.A. (NYSE:VALE)

Woodline Partners LP bought a new stake in Vale S.A. (NYSE:VALE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,484,186 shares of the basic materials company's stock, valued at approximately $39,775,000. Woodline Partners LP owned 0.10% of Vale as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming purchased a new position in shares of Vale during the 4th quarter worth $107,000. Snowden Capital Advisors LLC raised its holdings in Vale by 5.9% in the 4th 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. Shay Capital LLC bought a new stake in Vale during the fourth quarter valued at about $444,000. Riverview Capital Advisers LLC bought a new position in shares of Vale during the 4th quarter valued at approximately $136,000. Finally, Quantinno Capital Management LP boosted its position in shares of Vale by 39.2% in the fourth quarter. Quantinno Capital Management LP now owns 27,715 shares of the basic materials company's stock worth $246,000 after purchasing an additional 7,810 shares during the period. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Trading Up 0.2%

VALE stock traded up $0.02 during mid-day trading on Monday, reaching $9.60. 31,060,868 shares of the stock traded hands, compared to its average volume of 30,816,908. Vale S.A. has a one year low of $8.06 and a one year high of $12.62. The stock has a market capitalization of $43.55 billion, a PE ratio of 6.66, a PEG ratio of 0.31 and a beta of 0.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The business has a 50-day moving average price of $9.50 and a two-hundred day moving average price of $9.44.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). The firm had revenue of $8.12 billion during the quarter, compared to analysts' expectations of $8.39 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. Equities research analysts expect that Vale S.A. will post 1.85 EPS for the current year.

Wall Street Analyst Weigh In

VALE has been the subject of a number of recent analyst reports. UBS Group dropped their price objective on Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Bank of America upgraded Vale from a "neutral" rating to a "buy" rating and upped their price target for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. Wall Street Zen started coverage on shares of Vale in a research report on Wednesday, May 7th. They set a "hold" rating on the stock. CICC Research started coverage on shares of Vale in a research report on Monday, May 12th. They set an "outperform" rating and a $11.30 target price for the company. Finally, 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 note on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Vale currently 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.