Sumitomo Mitsui Trust Group Inc. Has $2.11 Million Stock Position in Vale S.A. (NYSE:VALE)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Vale S.A. (NYSE:VALE) by 9.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 211,697 shares of the basic materials company’s stock after buying an additional 18,515 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Vale were worth $2,113,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Vale by 5.1% in the 1st quarter. Blue Trust Inc. now owns 25,876 shares of the basic materials company’s stock worth $258,000 after purchasing an additional 1,248 shares in the last quarter. Snowden Capital Advisors LLC increased its stake in shares of Vale by 5.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 24,181 shares of the basic materials company’s stock valued at $214,000 after buying an additional 1,349 shares during the period. Atlas Capital Advisors Inc. increased its stake in shares of Vale by 68.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,623 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Vale by 10.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 17,278 shares of the basic materials company’s stock valued at $172,000 after buying an additional 1,700 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Vale by 1.1% in the fourth quarter. Stifel Financial Corp now owns 170,951 shares of the basic materials company’s stock valued at $1,516,000 after buying an additional 1,797 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $11.00 target price (down previously from $12.00) on shares of Vale in a research note on Thursday, April 17th. Barclays raised their target price on Vale from $12.75 to $13.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America raised Vale from a “neutral” rating to a “buy” rating and raised their target price for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. Wall Street Zen began coverage on Vale in a report on Wednesday, May 7th. They issued a “hold” rating on the stock. Finally, CICC Research began coverage on Vale in a report on Monday, May 12th. They issued an “outperform” rating and a $11.30 price target on the stock. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.79.

Vale Stock Down 0.3%

VALE stock opened at $10.25 on Friday. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $12.05. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $9.53 and its 200-day moving average is $9.39. The firm has a market capitalization of $46.52 billion, a PE ratio of 7.43, a P/E/G ratio of 0.33 and a beta of 0.77.

Vale (NYSE:VALE) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $8.39 billion. Vale had a net margin of 15.54% and a return on equity of 17.65%. Sell-side analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale 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.