Teachers Retirement System of The State of Kentucky Has $54.47 Million Stock Holdings in Vale S.A. $VALE

Teachers Retirement System of The State of Kentucky decreased its position in Vale S.A. (NYSE:VALE) by 15.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,423,400 shares of the basic materials company’s stock after selling 649,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Vale were worth $54,466,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp boosted its position in Vale by 3.0% in the first quarter. Fifth Third Bancorp now owns 39,569 shares of the basic materials company’s stock valued at $630,000 after buying an additional 1,138 shares in the last quarter. Summit Securities Group LLC grew its stake in Vale by 31.7% during the first quarter. Summit Securities Group LLC now owns 112,900 shares of the basic materials company’s stock worth $1,796,000 after buying an additional 27,200 shares during the last quarter. Waterfront Wealth Inc. increased its holdings in shares of Vale by 9.9% during the first quarter. Waterfront Wealth Inc. now owns 86,778 shares of the basic materials company’s stock worth $1,381,000 after buying an additional 7,827 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Vale by 25.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,816 shares of the basic materials company’s stock worth $3,975,000 after buying an additional 50,211 shares in the last quarter. Finally, Cvfg LLC bought a new position in shares of Vale in the first quarter valued at approximately $512,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group boosted their target price on Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. Wells Fargo & Company dropped their price target on Vale from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday. 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 report on Wednesday, July 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Vale in a research note on Wednesday. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Vale in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Vale has a consensus rating of “Moderate Buy” and a consensus price target of $16.54.

Vale Trading Up 0.0%

Shares of NYSE VALE opened at $14.46 on Monday. Vale S.A. has a 1-year low of $9.36 and a 1-year high of $17.94. The company has a market cap of $65.64 billion, a PE ratio of 21.58 and a beta of 0.46. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $15.75 and a two-hundred day moving average of $15.72.

Vale (NYSE:VALE) last released its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate 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 expect that Vale S.A. will post 2.08 earnings per share 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.