Sei Investments Co. Buys 41,435 Shares of ArcelorMittal S.A. (NYSE:MT)

Sei Investments Co. grew its holdings in ArcelorMittal S.A. (NYSE:MT - Free Report) by 31.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 171,615 shares of the basic materials company's stock after purchasing an additional 41,435 shares during the period. Sei Investments Co.'s holdings in ArcelorMittal were worth $3,969,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MT. Geneos Wealth Management Inc. boosted its position in ArcelorMittal by 89.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company's stock valued at $26,000 after buying an additional 536 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of ArcelorMittal by 68.5% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 595 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of 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 bought a new stake in ArcelorMittal during the 4th quarter worth $207,000. Finally, PNC Financial Services Group Inc. increased its holdings in ArcelorMittal by 23.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,076 shares of the basic materials company's stock worth $210,000 after purchasing an additional 1,702 shares in the last quarter. Institutional investors and hedge funds own 9.29% of the company's stock.

ArcelorMittal Trading Down 1.7 %

Shares of MT stock traded down $0.41 on Monday, hitting $24.33. The company had a trading volume of 3,278,245 shares, compared to its average volume of 1,832,969. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $34.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.35. The firm has a market cap of $19.93 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.14 and a beta of 1.60. The stock's 50-day moving average is $28.98 and its two-hundred day moving average is $25.96.

ArcelorMittal (NYSE:MT - Get Free Report) last released its earnings results on Thursday, February 6th. The basic materials company reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. On average, equities research analysts anticipate that ArcelorMittal S.A. will post 3.72 earnings per share for the current fiscal year.

ArcelorMittal Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be paid a dividend of $0.275 per share. This represents a yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal's dividend payout ratio is presently 27.88%.

Analyst Ratings Changes

A number of brokerages have recently commented on MT. Morgan Stanley lowered ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 14th. Jefferies Financial Group downgraded shares of ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 target price on the stock. in a research report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $32.43.

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.