Vise Technologies Inc. Invests $217,000 in ArcelorMittal S.A. (NYSE:MT)

Vise Technologies Inc. purchased a new position in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,393 shares of the basic materials company's stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. raised 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 purchasing an additional 536 shares during the last quarter. US Bancorp DE increased its stake in shares of ArcelorMittal by 5.0% in the 4th quarter. US Bancorp DE now owns 15,085 shares of the basic materials company's stock worth $349,000 after acquiring an additional 717 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of ArcelorMittal by 9.1% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,545 shares of the basic materials company's stock worth $221,000 after purchasing an additional 797 shares during the period. United Capital Financial Advisors LLC boosted its holdings in ArcelorMittal by 11.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 10,940 shares of the basic materials company's stock valued at $253,000 after acquiring an additional 1,129 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of ArcelorMittal by 13.9% in the 4th quarter. Quadrant Capital Group LLC now owns 10,146 shares of the basic materials company's stock valued at $235,000 after buying an additional 1,242 shares during the period. Institutional investors own 9.29% of the company's stock.

ArcelorMittal Trading Up 0.2%

Shares of MT stock traded up $0.06 on Friday, reaching $30.59. 1,181,347 shares of the stock were exchanged, compared to its average volume of 1,886,847. The stock has a market cap of $25.06 billion, a PE ratio of 18.54, a P/E/G ratio of 0.14 and a beta of 1.62. ArcelorMittal S.A. has a one year low of $20.52 and a one year 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 stock has a 50 day moving average price of $28.93 and a 200 day moving average price of $27.15.

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

ArcelorMittal Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.2338 per share. This represents a yield of 1.44%. The ex-dividend date is Friday, May 16th. ArcelorMittal's payout ratio is presently 30.07%.

Analysts Set New Price Targets

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