Capstone Investment Advisors LLC Has $1.36 Million Stock Position in ArcelorMittal S.A. (NYSE:MT)

Capstone Investment Advisors LLC lifted its stake in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) by 429.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,870 shares of the basic materials company's stock after purchasing an additional 47,758 shares during the quarter. Capstone Investment Advisors LLC's holdings in ArcelorMittal were worth $1,362,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in ArcelorMittal by 89.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company's stock worth $26,000 after acquiring an additional 536 shares during the period. GAMMA Investing LLC raised its holdings in shares of ArcelorMittal by 68.5% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock worth $34,000 after purchasing an additional 595 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in ArcelorMittal by 76.2% during the fourth quarter. BNP Paribas Financial Markets now owns 4,878 shares of the basic materials company's stock valued at $113,000 after purchasing an additional 2,110 shares during the last quarter. 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 in the last quarter. Finally, Callan Family Office LLC acquired a new position in ArcelorMittal in the fourth quarter worth approximately $207,000. Institutional investors and hedge funds own 9.29% of the company's stock.

ArcelorMittal Stock Up 1.5 %

Shares of NYSE:MT traded up $0.46 during midday trading on Friday, hitting $30.27. 915,536 shares of the stock were exchanged, compared to its average volume of 1,856,906. The company has a market capitalization of $24.80 billion, a PE ratio of 18.35, a P/E/G ratio of 0.14 and a beta of 1.62. ArcelorMittal S.A. has a 52-week low of $20.52 and a 52-week 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 business's fifty day simple moving average is $29.32 and its two-hundred day simple moving average is $26.55.

ArcelorMittal (NYSE:MT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.33. The business had revenue of $14.80 billion during the quarter, compared to analyst estimates of $15.11 billion. ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. The firm's revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 EPS. As a group, research analysts predict that ArcelorMittal S.A. will post 3.72 earnings per share for the current fiscal year.

ArcelorMittal Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be issued a $0.275 dividend. This represents a yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal's dividend payout ratio is presently 30.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of ArcelorMittal in a research note on Monday, April 14th. The Goldman Sachs Group raised ArcelorMittal from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $29.00 to $31.70 in a research note on Thursday, April 10th. Morgan Stanley lowered shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group lowered shares of ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 price target on the stock. in a report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.95.

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.