Sumitomo Mitsui Trust Group Inc. Has $3.98 Million Stake in Vale S.A. $VALE

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Vale S.A. (NYSE:VALE) by 25.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 249,816 shares of the basic materials company’s stock after purchasing an additional 50,211 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Vale were worth $3,975,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of VALE. N.E.W. Advisory Services LLC bought a new position in shares of Vale in the fourth quarter valued at approximately $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its position in Vale by 128.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after buying an additional 1,155 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Vale in the 4th quarter valued at $33,000. Cornerstone Planning Group LLC lifted its stake in Vale by 15,360.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 3,072 shares in the last quarter. Finally, Triumph Capital Management bought a new position in Vale during the 3rd quarter valued at $34,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on VALE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a research note on Wednesday, July 8th. Wall Street Zen raised shares of Vale from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Wells Fargo & Company cut their price target on shares of Vale from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, July 9th. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $19.00 in a research report on Thursday, April 2nd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $16.50 price objective (down from $19.50) on shares of Vale in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.54.

Vale Stock Performance

Shares of VALE stock opened at $14.60 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24. The firm has a market cap of $66.26 billion, a price-to-earnings ratio of 21.79 and a beta of 0.46. Vale S.A. has a 52 week low of $9.36 and a 52 week high of $17.94. The firm’s 50-day simple moving average is $15.68 and its two-hundred day simple moving average is $15.74.

Vale (NYSE:VALE) last released its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). Vale had a net margin of 7.21% and a return on equity of 21.10%. The company had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.53 billion. As a group, equities analysts forecast that Vale S.A. will post 2.05 earnings per share for the current year.

Vale Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.