Janney Montgomery Scott LLC Takes Position in ArcelorMittal S.A. (NYSE:MT)

Janney Montgomery Scott LLC purchased a new stake in ArcelorMittal S.A. (NYSE:MT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,058 shares of the basic materials company's stock, valued at approximately $233,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of ArcelorMittal by 68.5% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 595 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of ArcelorMittal by 154.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 57,106 shares of the basic materials company's stock worth $1,500,000 after buying an additional 34,688 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of ArcelorMittal by 171.4% in the third quarter. Natixis Advisors LLC now owns 130,100 shares of the basic materials company's stock worth $3,416,000 after buying an additional 82,164 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of ArcelorMittal in the third quarter worth $642,000. Finally, Mediolanum International Funds Ltd bought a new stake in shares of ArcelorMittal in the third quarter worth $3,042,000. Hedge funds and other institutional investors own 9.29% of the company's stock.

Analyst Ratings Changes

MT has been the subject of a number of research analyst reports. Morgan Stanley lowered shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research note on Friday. Bank of America upgraded shares of ArcelorMittal from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $30.00 to $32.90 in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, ArcelorMittal presently has a consensus rating of "Hold" and a consensus price target of $31.17.

ArcelorMittal Stock Performance

ArcelorMittal stock traded down $0.13 during mid-day trading on Friday, reaching $28.58. The company's stock had a trading volume of 1,547,140 shares, compared to its average volume of 2,024,448. The firm has a market cap of $23.41 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.56 and a beta of 1.74. The business has a 50 day moving average price of $24.33 and a 200-day moving average price of $24.08. The company has a current ratio of 1.46, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $29.38.

ArcelorMittal (NYSE:MT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.09). ArcelorMittal had a return on equity of 4.24% and a net margin of 2.14%. Sell-side analysts predict that ArcelorMittal S.A. will post 3.6 EPS for the current fiscal year.

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.