Dimensional Fund Advisors LP Buys 91,363 Shares of ArcelorMittal S.A. (NYSE:MT)

Dimensional Fund Advisors LP boosted its stake in ArcelorMittal S.A. (NYSE:MT - Free Report) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,029,028 shares of the basic materials company's stock after acquiring an additional 91,363 shares during the quarter. Dimensional Fund Advisors LP owned 0.37% of ArcelorMittal worth $70,061,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MT. Geneos Wealth Management Inc. lifted its position in ArcelorMittal by 89.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company's stock worth $26,000 after buying an additional 536 shares in the last quarter. GAMMA Investing LLC raised its holdings in ArcelorMittal by 68.5% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock worth $34,000 after acquiring an additional 595 shares in the last quarter. Smartleaf Asset Management LLC boosted its position 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 valued at $137,000 after purchasing an additional 2,586 shares during the last quarter. Callan Family Office LLC bought a new position in ArcelorMittal in the fourth quarter valued at approximately $207,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of ArcelorMittal by 23.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,076 shares of the basic materials company's stock worth $210,000 after purchasing an additional 1,702 shares in the last quarter. Institutional investors own 9.29% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MT shares. The Goldman Sachs Group upgraded shares of ArcelorMittal from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $29.00 to $31.70 in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ArcelorMittal in a research note on Monday, April 14th. Jefferies Financial Group cut 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. Finally, Morgan Stanley cut ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, ArcelorMittal presently has an average rating of "Moderate Buy" and a consensus price target of $32.95.

ArcelorMittal Stock Performance

Shares of NYSE MT traded down $0.25 during trading hours on Tuesday, reaching $30.08. 243,240 shares of the stock were exchanged, compared to its average volume of 1,855,207. The stock's fifty day simple moving average is $29.23 and its 200 day simple moving average is $26.40. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of 18.25, a P/E/G 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 quick ratio of 0.59 and a current ratio of 1.35.

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 for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The company's revenue was down 9.1% on a year-over-year basis. Sell-side analysts predict that ArcelorMittal S.A. will post 3.72 EPS for the current year.

ArcelorMittal Announces Dividend

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

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.