ArcelorMittal S.A. (NYSE:MT) Shares Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC boosted its stake in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) by 429.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,870 shares of the basic materials company's stock after acquiring an additional 47,758 shares during the quarter. Capstone Investment Advisors LLC's holdings in ArcelorMittal were worth $1,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MT. Geneos Wealth Management Inc. grew its stake in shares of ArcelorMittal by 89.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company's stock valued at $26,000 after buying an additional 536 shares during the last quarter. GAMMA Investing LLC grew its position in ArcelorMittal by 68.5% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 595 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of ArcelorMittal by 76.2% during the fourth quarter. BNP Paribas Financial Markets now owns 4,878 shares of the basic materials company's stock worth $113,000 after purchasing an additional 2,110 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of ArcelorMittal by 76.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company's stock valued at $137,000 after purchasing an additional 2,586 shares during the period. Finally, Callan Family Office LLC bought a new position in shares of ArcelorMittal in the fourth quarter worth about $207,000. 9.29% of the stock is currently owned by hedge funds and other institutional investors.

ArcelorMittal Stock Up 1.5 %

NYSE MT traded up $0.46 during midday trading on Friday, hitting $30.27. 915,536 shares of the company traded hands, compared to its average volume of 1,856,004. ArcelorMittal S.A. has a 52 week low of $20.52 and a 52 week high of $34.90. The company's 50-day simple moving average is $29.32 and its 200-day simple moving average is $26.49. The company has a market cap of $24.80 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 0.14 and a beta of 1.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 0.59.

ArcelorMittal (NYSE:MT - Get Free Report) last posted its 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. ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. The company had revenue of $14.80 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that ArcelorMittal S.A. will post 3.72 earnings per share for the current year.

ArcelorMittal Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, November 12th. This represents a yield of 1.5%. ArcelorMittal's dividend payout ratio (DPR) is 30.07%.

Analyst Upgrades and Downgrades

MT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ArcelorMittal in a report on Monday, April 14th. The Goldman Sachs Group upgraded ArcelorMittal from a "neutral" rating to a "buy" rating and boosted their price target for the company from $29.00 to $31.70 in a report on Thursday, April 10th. Jefferies Financial Group cut ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 price objective on the stock. in a research note on Wednesday, March 26th. Finally, Morgan Stanley lowered ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, ArcelorMittal currently has an average rating of "Moderate Buy" and an average target price of $32.95.

ArcelorMittal 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.