Creative Planning lifted its holdings in ArcelorMittal SA (NYSE:MT) by 34.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,848 shares of the basic materials company’s stock after purchasing an additional 2,753 shares during the quarter. Creative Planning’s holdings in ArcelorMittal were worth $224,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of MT. Quadrant Capital Group LLC grew its position in shares of ArcelorMittal by 81.4% during the 4th quarter. Quadrant Capital Group LLC now owns 4,411 shares of the basic materials company’s stock valued at $83,000 after acquiring an additional 1,980 shares during the period. First Personal Financial Services boosted its holdings in ArcelorMittal by 1,420.4% in the 4th quarter. First Personal Financial Services now owns 6,477 shares of the basic materials company’s stock worth $134,000 after buying an additional 6,051 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in ArcelorMittal in the 3rd quarter worth about $212,000. Bank of Montreal Can boosted its holdings in ArcelorMittal by 26.5% in the 4th quarter. Bank of Montreal Can now owns 7,619 shares of the basic materials company’s stock worth $158,000 after buying an additional 1,598 shares during the last quarter. Finally, Regentatlantic Capital LLC acquired a new stake in ArcelorMittal in the 3rd quarter worth about $279,000. 3.05% of the stock is owned by hedge funds and other institutional investors.
MT has been the topic of several research analyst reports. Zacks Investment Research upgraded ArcelorMittal from a “strong sell” rating to a “hold” rating in a report on Tuesday. Goldman Sachs Group cut ArcelorMittal from a “buy” rating to a “neutral” rating in a report on Wednesday, January 30th. Finally, ValuEngine upgraded ArcelorMittal from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.50.
Shares of MT stock traded up $0.31 during trading on Friday, hitting $21.58. 1,754,597 shares of the stock traded hands, compared to its average volume of 2,839,045. The firm has a market cap of $22.01 billion, a PE ratio of 3.75, a PEG ratio of 3.12 and a beta of 2.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.50 and a current ratio of 1.38. ArcelorMittal SA has a 52-week low of $19.50 and a 52-week high of $36.51.
ArcelorMittal (NYSE:MT) last released its quarterly earnings results on Thursday, February 7th. The basic materials company reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.52. The firm had revenue of $18.33 billion for the quarter, compared to analyst estimates of $18.47 billion. ArcelorMittal had a net margin of 6.77% and a return on equity of 13.24%. The business’s revenue was up 3.5% on a year-over-year basis. Equities research analysts predict that ArcelorMittal SA will post 3.77 EPS for the current fiscal year.
The company also recently announced an annual dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 17th will be given a $0.20 dividend. This represents a yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 16th. ArcelorMittal’s payout ratio is 1.56%.
ArcelorMittal Company Profile
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications.