Arrowstreet Capital Limited Partnership Has $14.11 Million Stake in ArcelorMittal S.A. (NYSE:MT)

Arrowstreet Capital Limited Partnership reduced its holdings in ArcelorMittal S.A. (NYSE:MT) by 32.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 609,982 shares of the basic materials company’s stock after selling 290,858 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.07% of ArcelorMittal worth $14,109,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its stake in shares of ArcelorMittal by 89.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 536 shares during the period. GAMMA Investing LLC lifted its stake in ArcelorMittal by 68.5% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock valued at $34,000 after buying an additional 595 shares during the period. Smartleaf Asset Management LLC boosted its holdings in ArcelorMittal by 76.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company’s stock worth $137,000 after buying an additional 2,586 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of ArcelorMittal during the 4th quarter worth about $207,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of ArcelorMittal by 23.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,076 shares of the basic materials company’s stock valued at $210,000 after acquiring an additional 1,702 shares during the last quarter. Institutional investors and hedge funds own 9.29% of the company’s stock.

ArcelorMittal Stock Performance

Shares of MT opened at $24.75 on Friday. The firm has a market cap of $20.28 billion, a P/E ratio of 15.00, a PEG ratio of 0.14 and a beta of 1.79. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $34.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.35. The firm’s 50 day moving average price is $28.99 and its two-hundred day moving average price is $25.93.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. On average, analysts forecast that ArcelorMittal S.A. will post 3.72 EPS for the current fiscal year.

ArcelorMittal Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be given a $0.275 dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 12th. ArcelorMittal’s dividend payout ratio is presently 27.88%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MT. Morgan Stanley cut shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a report on Friday, February 14th. Jefferies Financial Group lowered shares of ArcelorMittal from a “buy” rating to a “hold” rating and set a $36.20 price target for the company. in a report on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, ArcelorMittal has an average rating of “Hold” and a consensus target price of $32.43.

ArcelorMittal Company Profile

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.