First Trust Advisors LP Invests $400,000 in ArcelorMittal S.A. (NYSE:MT)

First Trust Advisors LP bought a new position in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,311 shares of the basic materials company's stock, valued at approximately $400,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position 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. United Capital Financial Advisors LLC boosted its position in ArcelorMittal by 11.5% during the fourth 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 last quarter. 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 during the period. Mariner LLC grew its holdings in ArcelorMittal by 27.1% during the 4th quarter. Mariner LLC now owns 20,681 shares of the basic materials company's stock worth $478,000 after acquiring an additional 4,406 shares during the period. Finally, Capital Fund Management S.A. lifted its stake in shares of ArcelorMittal by 7.9% in the 4th quarter. Capital Fund Management S.A. now owns 419,659 shares of the basic materials company's stock valued at $9,707,000 after purchasing an additional 30,901 shares during the period. 9.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ArcelorMittal in a report on Monday, April 14th. Jefferies Financial Group lowered 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. The Goldman Sachs Group upgraded shares of ArcelorMittal from a "neutral" rating to a "buy" rating and raised their price target for the stock from $29.00 to $31.70 in a report on Thursday, April 10th. Finally, Morgan Stanley lowered shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, ArcelorMittal presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.95.

ArcelorMittal Stock Down 0.2%

NYSE MT traded down $0.08 during mid-day trading on Thursday, hitting $31.30. The company's stock had a trading volume of 585,151 shares, compared to its average volume of 1,849,444. The firm has a market capitalization of $25.64 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 0.14 and a beta of 1.62. The company's 50 day simple moving average is $29.18 and its 200 day simple moving average is $26.68. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $34.90.

ArcelorMittal (NYSE:MT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $1.04 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 during the quarter, compared to the consensus estimate of $15.11 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. Analysts anticipate that ArcelorMittal S.A. will post 3.72 earnings per share for the current year.

ArcelorMittal Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 13th will be paid a $0.275 dividend. This represents a dividend yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal's dividend payout ratio (DPR) is presently 30.07%.

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.