GTS Securities LLC Reduces Stock Holdings in ArcelorMittal S.A. (NYSE:MT)

GTS Securities LLC lowered its position in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) by 26.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,165 shares of the basic materials company's stock after selling 24,215 shares during the period. GTS Securities LLC's holdings in ArcelorMittal were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MT. Bank of New York Mellon Corp grew its position in ArcelorMittal by 221.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,403,048 shares of the basic materials company's stock valued at $78,712,000 after acquiring an additional 2,344,020 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ArcelorMittal by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,029,028 shares of the basic materials company's stock worth $70,061,000 after buying an additional 91,363 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in ArcelorMittal by 146.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,535,319 shares of the basic materials company's stock valued at $35,512,000 after acquiring an additional 912,984 shares in the last quarter. Northern Trust Corp lifted its stake in ArcelorMittal by 31.7% in the fourth quarter. Northern Trust Corp now owns 1,153,924 shares of the basic materials company's stock worth $26,690,000 after acquiring an additional 277,891 shares during the last quarter. Finally, Causeway Capital Management LLC grew its holdings in ArcelorMittal by 12.8% during the 4th quarter. Causeway Capital Management LLC now owns 1,067,400 shares of the basic materials company's stock worth $24,689,000 after acquiring an additional 121,155 shares in the last quarter. Hedge funds and other institutional investors own 9.29% of the company's stock.

ArcelorMittal Stock Performance

Shares of MT traded down $0.66 during mid-day trading on Wednesday, reaching $30.61. 822,397 shares of the company's stock were exchanged, compared to its average volume of 1,881,196. The business's fifty day simple moving average is $28.99 and its 200-day simple moving average is $27.05. The stock has a market capitalization of $25.08 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 0.14 and a beta of 1.62. 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.

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

ArcelorMittal Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 19th will be paid 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 dividend payout ratio (DPR) is 30.07%.

Wall Street Analysts Forecast Growth

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

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.