Causeway Capital Management LLC Raises Holdings in ArcelorMittal S.A. (NYSE:MT)

Causeway Capital Management LLC lifted its position in ArcelorMittal S.A. (NYSE:MT - Free Report) by 12.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,067,400 shares of the basic materials company's stock after purchasing an additional 121,155 shares during the period. Causeway Capital Management LLC owned about 0.13% of ArcelorMittal worth $24,689,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of ArcelorMittal by 39.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 54,421 shares of the basic materials company's stock valued at $1,429,000 after purchasing an additional 15,285 shares during the period. MML Investors Services LLC bought a new stake in shares of ArcelorMittal during the 3rd quarter valued at $308,000. GAMMA Investing LLC grew its position 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 worth $34,000 after buying an additional 595 shares during the period. Park Avenue Securities LLC purchased a new position in ArcelorMittal during the 4th quarter valued at about $212,000. Finally, Janney Montgomery Scott LLC purchased a new stake in ArcelorMittal in the fourth quarter worth about $233,000. 9.29% of the stock is owned by hedge funds and other institutional investors.

ArcelorMittal Stock Performance

MT stock traded up $0.30 on Friday, hitting $27.22. The company had a trading volume of 1,656,102 shares, compared to its average volume of 1,854,105. The stock has a market cap of $22.30 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 0.14 and a beta of 1.60. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The stock's 50-day simple moving average is $29.02 and its 200 day simple moving average is $26.02. ArcelorMittal S.A. has a 12-month low of $20.52 and a 12-month high of $34.90.

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

ArcelorMittal Announces Dividend

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

Analyst Upgrades and Downgrades

MT has been the subject of a number of recent research reports. Jefferies Financial Group cut 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. Morgan Stanley downgraded shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 14th. The Goldman Sachs Group upgraded shares of ArcelorMittal from a "neutral" rating to a "buy" rating and upped their target price for the stock from $29.00 to $31.70 in a research note on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ArcelorMittal in a report on Monday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, ArcelorMittal presently has an average rating of "Moderate Buy" and a consensus price target of $32.95.

About ArcelorMittal

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.