Sumitomo Mitsui Trust Group Inc. Has $3.98 Million Stock Position 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 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 249,816 shares of the basic materials company’s stock after acquiring an additional 50,211 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Vale were worth $3,975,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in Vale in the 4th quarter valued at $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its holdings 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 period. Bruce G. Allen Investments LLC bought a new position in Vale in the fourth quarter valued at approximately $33,000. Triumph Capital Management bought a new position in shares of Vale in the 3rd quarter valued at $34,000. Finally, Cornerstone Planning Group LLC grew its position in Vale by 15,360.0% in the fourth 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 during the last quarter. Institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

VALE has been the subject of several research analyst reports. Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $19.00 in a report on Thursday, April 2nd. Scotiabank set a $19.00 price target on shares of Vale in a report on Monday, June 15th. UBS Group increased their price target on Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. Wall Street Zen raised Vale from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $16.50 target price (down from $19.50) on shares of Vale in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.54.

Vale Price Performance

Shares of NYSE:VALE opened at $14.60 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. Vale S.A. has a twelve month low of $9.36 and a twelve month high of $17.94. The stock’s 50 day moving average is $15.68 and its 200-day moving average is $15.74. The firm has a market capitalization of $66.26 billion, a price-to-earnings ratio of 21.79 and a beta of 0.46.

Vale (NYSE:VALE) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). The business had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. Sell-side analysts forecast that Vale S.A. will post 2.05 EPS for the current fiscal 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.