Two Sigma Advisers LP Cuts Stake in ArcelorMittal S.A. (NYSE:MT)

Two Sigma Advisers LP lowered its stake in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,086,900 shares of the basic materials company's stock after selling 195,300 shares during the period. Two Sigma Advisers LP owned about 0.25% of ArcelorMittal worth $48,270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MT. Geneos Wealth Management Inc. grew its stake 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 valued at $26,000 after acquiring an additional 536 shares in the last quarter. BNP Paribas Financial Markets grew its stake in ArcelorMittal by 76.2% during the 4th quarter. BNP Paribas Financial Markets now owns 4,878 shares of the basic materials company's stock valued at $113,000 after acquiring an additional 2,110 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in ArcelorMittal by 76.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company's stock valued at $137,000 after acquiring an additional 2,586 shares in the last quarter. Callan Family Office LLC purchased a new stake in ArcelorMittal during the 4th quarter valued at about $207,000. Finally, PNC Financial Services Group Inc. grew its stake in 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 valued at $210,000 after acquiring an additional 1,702 shares in the last quarter. Hedge funds and other institutional investors own 9.29% of the company's stock.

ArcelorMittal Stock Performance

ArcelorMittal stock opened at $31.19 on Tuesday. The firm has a 50 day simple moving average of $29.16 and a 200-day simple moving average of $26.84. ArcelorMittal S.A. has a 1-year low of $20.52 and a 1-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 market cap of $25.55 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 0.14 and a beta of 1.62.

ArcelorMittal (NYSE:MT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $1.04 earnings per share for the quarter, beating 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 business had revenue of $14.80 billion during the quarter, compared to analysts' expectations of $15.11 billion. During the same quarter in the prior year, the company posted $1.16 EPS. The business's revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts expect that ArcelorMittal S.A. will post 3.72 EPS for the current year.

ArcelorMittal Cuts Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on MT shares. Morgan Stanley cut shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of ArcelorMittal in a research note on Monday, April 14th. Jefferies Financial Group cut shares of ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 price objective for the company. in a research note on Wednesday, March 26th. Finally, The Goldman Sachs Group raised 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.

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