Quantinno Capital Management LP Buys 30,280 Shares of ArcelorMittal S.A. (NYSE:MT)

Quantinno Capital Management LP increased its stake in ArcelorMittal S.A. (NYSE:MT - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 144,604 shares of the basic materials company's stock after purchasing an additional 30,280 shares during the quarter. Quantinno Capital Management LP's holdings in ArcelorMittal were worth $3,345,000 at the end of the most recent reporting period.

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

ArcelorMittal Price Performance

NYSE:MT traded up $0.43 during trading hours on Friday, reaching $30.39. 3,349,989 shares of the company were exchanged, compared to its average volume of 1,887,032. 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 S.A. has a 1-year low of $20.52 and a 1-year high of $34.90. The company has a market capitalization of $24.89 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.14 and a beta of 1.62. The business has a 50 day moving average of $29.06 and a 200 day moving average of $26.99.

ArcelorMittal (NYSE:MT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.33. The company 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%. ArcelorMittal's revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 EPS. Research analysts forecast that ArcelorMittal S.A. will post 3.72 EPS for the current year.

ArcelorMittal Cuts Dividend

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

Analyst Ratings Changes

MT has been the topic of a number of recent research reports. The Goldman Sachs Group raised ArcelorMittal from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $29.00 to $31.70 in a research report on Thursday, April 10th. Jefferies Financial Group lowered 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ArcelorMittal in a research report on Monday, April 14th. Finally, Morgan Stanley cut ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, ArcelorMittal has an average rating of "Moderate Buy" and an average price target of $32.95.

About ArcelorMittal

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.