Sumitomo Mitsui Trust Group Inc. Sells 41,308 Shares of Vale S.A. (NYSE:VALE)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,182 shares of the basic materials company's stock after selling 41,308 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Vale were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in VALE. Brooklyn Investment Group grew its stake in shares of Vale by 215.9% during the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 1,900 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vale in the third quarter valued at approximately $28,000. Point72 Hong Kong Ltd acquired a new stake in shares of Vale in the third quarter valued at approximately $36,000. R Squared Ltd acquired a new stake in shares of Vale in the fourth quarter valued at approximately $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Vale in the third quarter valued at approximately $79,000. 21.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VALE. UBS Group lowered shares of Vale from a "buy" rating to a "neutral" rating and lowered their price target for the company from $14.00 to $11.50 in a report on Monday, November 11th. Morgan Stanley lowered shares of Vale from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Barclays lowered their price target on shares of Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a report on Wednesday, December 4th. Wolfe Research raised shares of Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Finally, StockNews.com began coverage on shares of Vale in a report on Friday, December 13th. They set a "buy" rating for the company. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Vale presently has a consensus rating of "Hold" and a consensus target price of $13.26.

Vale Trading Up 2.1 %

Shares of VALE stock traded up $0.21 on Monday, hitting $9.78. The stock had a trading volume of 31,743,677 shares, compared to its average volume of 41,358,476. Vale S.A. has a twelve month low of $8.38 and a twelve month high of $13.77. The firm has a market cap of $44.37 billion, a P/E ratio of 4.53, a PEG ratio of 0.30 and a beta of 0.91. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average price of $9.08 and a two-hundred day moving average price of $10.00.

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.