ArcelorMittal S.A. (NYSE:MT) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its position in ArcelorMittal S.A. (NYSE:MTGet Rating) by 17.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,658 shares of the basic materials company’s stock after buying an additional 7,545 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in ArcelorMittal were worth $1,612,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. OLD Mission Capital LLC acquired a new position in shares of ArcelorMittal during the 3rd quarter worth approximately $1,311,000. Morgan Stanley raised its position in shares of ArcelorMittal by 29.8% during the 2nd quarter. Morgan Stanley now owns 1,618,932 shares of the basic materials company’s stock valued at $50,283,000 after buying an additional 371,294 shares during the period. Signaturefd LLC raised its position in shares of ArcelorMittal by 86.1% during the 3rd quarter. Signaturefd LLC now owns 4,475 shares of the basic materials company’s stock valued at $135,000 after buying an additional 2,071 shares during the period. Commonwealth Equity Services LLC raised its position in ArcelorMittal by 6.8% in the third quarter. Commonwealth Equity Services LLC now owns 47,261 shares of the basic materials company’s stock valued at $1,425,000 after purchasing an additional 3,012 shares during the period. Finally, Deutsche Bank AG raised its position in ArcelorMittal by 29,247.8% in the third quarter. Deutsche Bank AG now owns 152,902 shares of the basic materials company’s stock valued at $4,612,000 after purchasing an additional 152,381 shares during the period. Institutional investors own 44.75% of the company’s stock.

A number of brokerages have issued reports on MT. Credit Suisse Group boosted their target price on ArcelorMittal from $42.00 to $50.00 in a research report on Tuesday, February 22nd. The Goldman Sachs Group lowered ArcelorMittal from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 26th. AlphaValue raised ArcelorMittal to a “reduce” rating in a research report on Tuesday, February 15th. StockNews.com initiated coverage on ArcelorMittal in a research report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on ArcelorMittal from €46.00 ($49.46) to €48.00 ($51.61) in a research report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $41.32.

MT opened at $31.33 on Friday. The firm has a market cap of $29.38 billion, a price-to-earnings ratio of 2.33 and a beta of 2.00. ArcelorMittal S.A. has a 52 week low of $26.59 and a 52 week high of $37.87. The business’s 50 day moving average is $31.55 and its two-hundred day moving average is $31.64. The company has a quick ratio of 0.62, a current ratio of 1.45 and a debt-to-equity ratio of 0.13.

ArcelorMittal (NYSE:MTGet Rating) last released its earnings results on Thursday, February 10th. The basic materials company reported $3.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.39 by $0.32. The business had revenue of $20.81 billion for the quarter, compared to analyst estimates of $19.98 billion. ArcelorMittal had a return on equity of 31.46% and a net margin of 19.53%. The company’s revenue for the quarter was up 46.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Equities analysts expect that ArcelorMittal S.A. will post 10.04 EPS for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Friday, June 10th. Stockholders of record on Monday, May 16th will be issued a $0.38 dividend. The ex-dividend date is Friday, May 13th. This represents a dividend yield of 1.8%. This is a positive change from ArcelorMittal’s previous annual dividend of $0.30. ArcelorMittal’s payout ratio is presently 1.86%.

ArcelorMittal Company Profile (Get Rating)

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Its principal steel products include 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, which includes blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.

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Institutional Ownership by Quarter for ArcelorMittal (NYSE:MT)

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