ArcelorMittal S.A. (NYSE:MT) Shares Bought by OLD Mission Capital LLC

OLD Mission Capital LLC lifted its position in ArcelorMittal S.A. (NYSE:MT - Free Report) by 145.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 678,350 shares of the basic materials company's stock after acquiring an additional 402,402 shares during the quarter. OLD Mission Capital LLC owned 0.08% of ArcelorMittal worth $15,690,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MT. Geneos Wealth Management Inc. lifted its stake in shares of 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 purchasing 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 acquiring an additional 595 shares during the last quarter. US Bancorp DE grew its holdings in ArcelorMittal by 5.0% in the fourth quarter. US Bancorp DE now owns 15,085 shares of the basic materials company's stock worth $349,000 after purchasing an additional 717 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of ArcelorMittal by 9.1% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,545 shares of the basic materials company's stock valued at $221,000 after purchasing an additional 797 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of ArcelorMittal by 11.6% in the 4th quarter. HighTower Advisors LLC now owns 13,746 shares of the basic materials company's stock worth $318,000 after purchasing an additional 1,426 shares in the last quarter. 9.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MT. Jefferies Financial Group downgraded shares of ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 price objective on the stock. in a report on Wednesday, March 26th. Morgan Stanley lowered shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $32.43.

ArcelorMittal Stock Performance

Shares of MT stock traded down $2.20 on Friday, hitting $24.75. The company had a trading volume of 3,356,246 shares, compared to its average volume of 1,827,189. The firm has a market cap of $20.28 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 0.14 and a beta of 1.79. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $34.90. The company has a 50-day moving average price of $28.99 and a 200-day moving average price of $25.95. The company has a quick ratio of 0.59, a current ratio of 1.35 and a debt-to-equity ratio of 0.17.

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 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%. As a group, equities research analysts predict that ArcelorMittal S.A. will post 3.72 earnings per share for the current fiscal year.

ArcelorMittal Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, November 12th. This represents a yield of 1.5%. ArcelorMittal's dividend payout ratio is presently 27.88%.

ArcelorMittal 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.