Natixis Advisors LLC Acquires 14,841 Shares of ArcelorMittal S.A. (NYSE:MT)

Natixis Advisors LLC grew its holdings in ArcelorMittal S.A. (NYSE:MT - Free Report) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,941 shares of the basic materials company's stock after buying an additional 14,841 shares during the quarter. Natixis Advisors LLC's holdings in ArcelorMittal were worth $3,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MT. GAMMA Investing LLC boosted its position 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 worth $34,000 after buying an additional 595 shares during the period. Bank of New York Mellon Corp boosted its holdings in ArcelorMittal by 221.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,403,048 shares of the basic materials company's stock valued at $78,712,000 after acquiring an additional 2,344,020 shares during the period. Callan Family Office LLC acquired a new position in ArcelorMittal in the 4th quarter valued at about $207,000. Vestmark Advisory Solutions Inc. purchased a new stake in ArcelorMittal during the fourth quarter worth about $256,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of ArcelorMittal during the fourth quarter worth about $233,000. Hedge funds and other institutional investors own 9.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MT shares. Morgan Stanley downgraded ArcelorMittal from an "overweight" rating to an "equal weight" rating in a report on Friday, February 14th. Jefferies Financial Group downgraded ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 target price on the stock. in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $32.43.

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ArcelorMittal Stock Performance

ArcelorMittal stock traded down $0.77 during mid-day trading on Wednesday, reaching $30.78. The company's stock had a trading volume of 2,396,511 shares, compared to its average volume of 2,492,765. 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 business has a 50 day moving average price of $28.21 and a 200-day moving average price of $25.63. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $34.90. The firm has a market cap of $25.21 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 0.14 and a beta of 1.79.

ArcelorMittal (NYSE:MT - Get Free Report) last announced its earnings results on Thursday, February 6th. The basic materials company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. Sell-side analysts predict that ArcelorMittal S.A. will post 3.72 EPS 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. Shareholders of record on Thursday, November 13th will be paid a $0.275 dividend. This represents a yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal's dividend payout ratio (DPR) is presently 27.88%.

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.