Yousif Capital Management LLC Trims Stock Position in Vale S.A. (NYSE:VALE)

Yousif Capital Management LLC trimmed its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 47.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,674 shares of the basic materials company's stock after selling 33,000 shares during the quarter. Yousif Capital Management LLC's holdings in Vale were worth $366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC grew its position 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 acquiring an additional 10,557,888 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Vale by 20.5% during the fourth 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 purchasing an additional 5,775,590 shares during the period. Lazard Asset Management LLC grew its holdings in Vale by 49.3% during the fourth quarter. Lazard Asset Management LLC now owns 18,238,313 shares of the basic materials company's stock valued at $161,773,000 after purchasing an additional 6,023,144 shares during the period. Arrowstreet Capital Limited Partnership increased its position 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 worth $153,891,000 after buying an additional 13,298,912 shares in the last quarter. Finally, Mondrian Investment Partners LTD increased its position in Vale by 13.3% in the fourth quarter. Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company's stock worth $109,202,000 after buying an additional 1,381,475 shares in the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Trading Down 2.7%

Shares of Vale stock opened at $9.05 on Friday. The stock has a 50 day moving average of $9.45 and a 200 day moving average of $9.38. 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 firm has a market capitalization of $41.06 billion, a price-to-earnings ratio of 6.55, a PEG ratio of 0.30 and a beta of 0.76. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $12.05.

Vale (NYSE:VALE - Get Free Report) last released its quarterly 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). The firm had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.39 billion. Vale had a return on equity of 17.65% and a net margin of 15.54%. As a group, research analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About Vale

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.