ArcelorMittal S.A. (NYSE:MT) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its stake in ArcelorMittal S.A. (NYSE:MT - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 609,982 shares of the basic materials company's stock after selling 290,858 shares during the period. Arrowstreet Capital Limited Partnership owned 0.07% of ArcelorMittal worth $14,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geneos Wealth Management Inc. raised its position 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 worth $26,000 after buying an additional 536 shares during the last quarter. GAMMA Investing LLC lifted its position in 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. Smartleaf Asset Management LLC boosted its holdings in ArcelorMittal by 76.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company's stock valued at $137,000 after purchasing an additional 2,586 shares during the last quarter. Callan Family Office LLC purchased a new position in shares of ArcelorMittal during the 4th quarter valued at about $207,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of 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 valued at $210,000 after buying an additional 1,702 shares during the period. 9.29% of the stock is currently owned by institutional investors and hedge funds.

ArcelorMittal Price Performance

Shares of NYSE MT traded up $3.58 during trading on Wednesday, hitting $27.05. The company had a trading volume of 4,928,613 shares, compared to its average volume of 1,857,476. ArcelorMittal S.A. has a fifty-two week low of $20.52 and a fifty-two week high of $34.90. The company has a quick ratio of 0.59, a current ratio of 1.35 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $29.01 and a two-hundred day simple moving average of $25.97. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 0.14 and a beta of 1.60.

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

ArcelorMittal Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on MT. Jefferies Financial Group lowered ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 price objective on the stock. in a research report on Wednesday, March 26th. Morgan Stanley downgraded shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.