Dimensional Fund Advisors LP Cuts Stake in ArcelorMittal S.A. (NYSE:MT)

Dimensional Fund Advisors LP trimmed its holdings in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,595,590 shares of the basic materials company's stock after selling 253,341 shares during the period. Dimensional Fund Advisors LP owned about 0.45% of ArcelorMittal worth $102,079,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Principal Securities Inc. purchased a new stake in ArcelorMittal during the fourth quarter valued at about $25,000. Blue Trust Inc. boosted its position in ArcelorMittal by 336.3% during the fourth quarter. Blue Trust Inc. now owns 1,309 shares of the basic materials company's stock valued at $37,000 after buying an additional 1,009 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in ArcelorMittal by 14.7% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 8,334 shares of the basic materials company's stock valued at $237,000 after buying an additional 1,065 shares during the period. GAMMA Investing LLC purchased a new stake in ArcelorMittal during the fourth quarter valued at about $30,000. Finally, Ritholtz Wealth Management boosted its position in ArcelorMittal by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 34,170 shares of the basic materials company's stock valued at $970,000 after buying an additional 1,159 shares during the period. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

ArcelorMittal Trading Down 1.4 %

Shares of ArcelorMittal stock traded down $0.38 during trading on Wednesday, reaching $25.82. 814,652 shares of the stock were exchanged, compared to its average volume of 1,538,748. The company has a quick ratio of 0.65, a current ratio of 1.55 and a debt-to-equity ratio of 0.15. ArcelorMittal S.A. has a 1 year low of $21.30 and a 1 year high of $29.15. The stock's fifty day moving average is $26.37 and its 200 day moving average is $26.36. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 0.38 and a beta of 1.93.

ArcelorMittal (NYSE:MT - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.93 by $0.23. ArcelorMittal had a net margin of 1.15% and a return on equity of 8.29%. The business had revenue of $16.28 billion during the quarter, compared to analyst estimates of $16.67 billion. During the same period last year, the business posted $1.27 earnings per share. ArcelorMittal's quarterly revenue was down 12.0% compared to the same quarter last year. As a group, equities research analysts expect that ArcelorMittal S.A. will post 4.17 earnings per share for the current fiscal year.

ArcelorMittal Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 17th will be issued a $0.213 dividend. The ex-dividend date is Thursday, May 16th. ArcelorMittal's dividend payout ratio (DPR) is presently 48.31%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MT shares. StockNews.com lowered shares of ArcelorMittal from a "buy" rating to a "hold" rating in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $31.00 target price (down from $34.00) on shares of ArcelorMittal in a report on Tuesday, April 16th. Finally, The Goldman Sachs Group started coverage on shares of ArcelorMittal in a report on Thursday, May 9th. They set a "neutral" rating and a $29.60 target price for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $30.30.

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.