Signaturefd LLC Has $729,000 Holdings in ArcelorMittal S.A. (NYSE:MT)

Signaturefd LLC boosted its holdings in shares of ArcelorMittal S.A. (NYSE:MT) by 16.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,684 shares of the basic materials company’s stock after acquiring an additional 3,550 shares during the quarter. Signaturefd LLC’s holdings in ArcelorMittal were worth $729,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of ArcelorMittal by 10.2% during the 3rd quarter. Wellington Management Group LLP now owns 370,804 shares of the basic materials company’s stock valued at $9,281,000 after buying an additional 34,205 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of ArcelorMittal by 22.2% in the 3rd quarter. Van ECK Associates Corp now owns 242,970 shares of the basic materials company’s stock valued at $6,082,000 after acquiring an additional 44,170 shares in the last quarter. American Century Companies Inc. raised its stake in shares of ArcelorMittal by 4.4% in the 3rd quarter. American Century Companies Inc. now owns 214,413 shares of the basic materials company’s stock valued at $5,367,000 after acquiring an additional 9,117 shares in the last quarter. Appian Way Asset Management LP bought a new position in shares of ArcelorMittal in the 3rd quarter valued at approximately $4,786,000. Finally, Recurrent Investment Advisors LLC raised its stake in shares of ArcelorMittal by 32.0% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 128,015 shares of the basic materials company’s stock valued at $3,044,000 after acquiring an additional 31,067 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MT. StockNews.com downgraded ArcelorMittal from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $31.00 price objective (down from $34.00) on shares of ArcelorMittal in a research note on Tuesday, April 16th.

ArcelorMittal Stock Performance

Shares of NYSE MT opened at $25.20 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $26.62 and its two-hundred day moving average is $25.93. The company has a market cap of $20.29 billion, a P/E ratio of 25.20, a P/E/G ratio of 0.39 and a beta of 1.93. ArcelorMittal S.A. has a 12 month low of $21.30 and a 12 month high of $29.15.

ArcelorMittal (NYSE:MT) last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported ($3.57) EPS for the quarter, missing the consensus estimate of ($2.08) by ($1.49). The business had revenue of $14.55 billion during the quarter, compared to the consensus estimate of $16.39 billion. ArcelorMittal had a return on equity of 8.55% and a net margin of 1.35%. The business’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. On average, equities analysts expect that ArcelorMittal S.A. will post 4.13 EPS for the current year.

ArcelorMittal Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.213 per share. The ex-dividend date is Thursday, May 16th. ArcelorMittal’s payout ratio is presently 37.00%.

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.