Dauntless Investment Group LLC Makes New Investment in ArcelorMittal S.A. (NYSE:MT)

Dauntless Investment Group LLC bought a new position in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 28,306 shares of the basic materials company's stock, valued at approximately $655,000. ArcelorMittal accounts for approximately 0.7% of Dauntless Investment Group LLC's holdings, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its stake in shares of ArcelorMittal by 89.6% in 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 last quarter. GAMMA Investing LLC boosted its stake in ArcelorMittal by 68.5% during 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 during the last quarter. US Bancorp DE grew its holdings in shares of ArcelorMittal by 5.0% during the fourth quarter. US Bancorp DE now owns 15,085 shares of the basic materials company's stock worth $349,000 after buying an additional 717 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of ArcelorMittal by 9.1% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,545 shares of the basic materials company's stock valued at $221,000 after buying an additional 797 shares during the last quarter. Finally, United Capital Financial Advisors LLC lifted its stake in shares of ArcelorMittal by 11.5% in the fourth quarter. United Capital Financial Advisors LLC now owns 10,940 shares of the basic materials company's stock worth $253,000 after buying an additional 1,129 shares in the last quarter. Hedge funds and other institutional investors own 9.29% of the company's stock.

Analysts Set New Price Targets

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

ArcelorMittal Trading Down 0.3 %

Shares of MT stock traded down $0.09 during trading on Tuesday, hitting $30.18. 1,021,054 shares of the stock traded hands, compared to its average volume of 1,863,704. The firm has a market capitalization of $24.72 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 0.14 and a beta of 1.60. 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 current ratio of 1.35 and a quick ratio of 0.59. The firm's fifty day moving average price is $29.03 and its 200-day moving average price is $26.19.

ArcelorMittal (NYSE:MT - Get Free Report) last announced its quarterly earnings results 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%. As a group, research analysts forecast that ArcelorMittal S.A. will post 3.72 earnings per share for the current fiscal year.

ArcelorMittal Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th will be given a dividend of $0.275 per share. This represents a dividend yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal's dividend payout ratio is presently 27.88%.

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.