Shay Capital LLC Takes Position in Vale S.A. (NYSE:VALE)

Shay Capital LLC bought a new stake in Vale S.A. (NYSE:VALE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 50,000 shares of the basic materials company's stock, valued at approximately $444,000.

Several other institutional investors and hedge funds have also bought and sold shares of VALE. FMR LLC boosted its stake in Vale by 28.8% in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Vale by 20.5% in the fourth 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 lifted its holdings in shares of 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 worth $161,773,000 after purchasing an additional 6,023,144 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vale by 328.3% during 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 purchasing an additional 13,298,912 shares during the period. Finally, Mondrian Investment Partners LTD boosted 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 valued at $109,202,000 after buying an additional 1,381,475 shares during the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Vale Price Performance

Shares of VALE stock traded up $0.04 during trading hours on Thursday, hitting $9.69. 15,093,494 shares of the company's stock were exchanged, compared to its average volume of 33,788,645. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $12.75. The firm has a market cap of $43.96 billion, a P/E ratio of 6.73, a P/E/G ratio of 0.31 and a beta of 0.83. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $9.52 and a two-hundred day moving average of $9.48.

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 company had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.39 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. Sell-side analysts forecast 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.