GTS Securities LLC lowered its holdings in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) by 26.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,165 shares of the basic materials company's stock after selling 24,215 shares during the quarter. GTS Securities LLC's holdings in ArcelorMittal were worth $1,577,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in MT. Vise Technologies Inc. purchased a new position in shares of ArcelorMittal during the 4th quarter worth about $217,000. Polar Asset Management Partners Inc. purchased a new position in shares of ArcelorMittal during the fourth quarter valued at approximately $2,521,000. Quantinno Capital Management LP grew its stake in shares of ArcelorMittal by 26.5% during the fourth quarter. Quantinno Capital Management LP now owns 144,604 shares of the basic materials company's stock valued at $3,345,000 after buying an additional 30,280 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of ArcelorMittal in the fourth quarter worth approximately $1,055,000. Finally, Mork Capital Management LLC bought a new position in ArcelorMittal in the 4th quarter valued at $999,000. 9.29% of the stock is owned by hedge funds and other institutional investors.
ArcelorMittal Price Performance
Shares of NYSE:MT traded down $0.06 during trading on Thursday, reaching $30.54. 1,884,267 shares of the company's stock traded hands, compared to its average volume of 1,884,747. The company has a quick ratio of 0.59, a current ratio of 1.35 and a debt-to-equity ratio of 0.17. ArcelorMittal S.A. has a fifty-two week low of $20.52 and a fifty-two week high of $34.90. The company has a 50-day simple moving average of $28.97 and a 200-day simple moving average of $27.07. The firm has a market cap of $25.02 billion, a PE ratio of 18.51, a P/E/G ratio of 0.14 and a beta of 1.62.
ArcelorMittal (NYSE:MT - Get Free Report) last posted its quarterly earnings data 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. ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. The firm had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $15.11 billion. During the same period in the prior year, the company earned $1.16 EPS. The firm's revenue was down 9.1% compared to the same quarter last year. As a group, analysts predict that ArcelorMittal S.A. will post 3.72 earnings per share for the current year.
ArcelorMittal Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 19th will be given a dividend of $0.2338 per share. This represents a dividend yield of 1.44%. The ex-dividend date is Friday, May 16th. ArcelorMittal's payout ratio is 30.07%.
Analyst Ratings Changes
A number of brokerages have recently commented on MT. The Goldman Sachs Group raised shares of ArcelorMittal from a "neutral" rating to a "buy" rating and raised their target price for the stock from $29.00 to $31.70 in a research report on Thursday, April 10th. Jefferies Financial Group downgraded ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 price objective on the stock. in a report on Wednesday, March 26th. Morgan Stanley cut ArcelorMittal from an "overweight" rating to an "equal weight" rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ArcelorMittal in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.95.
View Our Latest Stock Report on MT
About ArcelorMittal
(
Free Report)
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.
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