1 week Ago By ABMN Staff
Renaissance Technologies LLC lifted its position in ArcelorMittal S.A. ( NYSE:MT – Free Report ) by 4.
4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 67,400 shares of the basic materials company’s stock after purchasing an additional 2,829 shares during the period. Renaissance Technologies LLC’s holdings in ArcelorMittal were worth $1,559,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in ArcelorMittal by 68.5% in the 4th 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. Park Avenue Securities LLC purchased a new stake in ArcelorMittal in the fourth quarter worth $212,000. Janney Montgomery Scott LLC bought a new stake in ArcelorMittal in the fourth quarter valued at $233,000.
Geneos Wealth Management Inc. increased its position in ArcelorMittal by 89.6% during the 4th quarter.
Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 536 shares during the period. Finally, ABC Arbitrage SA bought a new position in ArcelorMittal in the 4th quarter worth $9,895,000.
9.29% of the stock is currently owned by institutional investors. Analyst Ratings Changes A number of brokerages have recently weighed in on MT.
The Goldman Sachs Group raised shares of ArcelorMittal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $29.00 to $31.70 in a research note on Thursday, April 10th.
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 report on Wednesday, March 26th.
Morgan Stanley cut ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ArcelorMittal in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.95. ArcelorMittal Stock Performance Shares of MT opened at $29.
56 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.
35 and a debt-to-equity ratio of 0.17. The stock has a market cap of $24.
22 billion, a P/E ratio of 17.92, a P/E/G ratio of 0.14 and a beta of 1.
60. The business’s 50 day moving average price is $28.99 and its 200-day moving average price is $26.
15. ArcelorMittal S.A.
has a 52 week low of $20.52 and a 52 week high of $34.90.
ArcelorMittal ( NYSE:MT – Get Free Report ) last released its earnings results on Thursday, February 6th. The basic materials company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.
61 by ($0.09). ArcelorMittal had a return on equity of 4.
31% and a net margin of 2.14%. Equities research analysts anticipate that ArcelorMittal S.
A. will post 3.72 earnings per share for the current fiscal year.
ArcelorMittal Dividend Announcement The company also recently announced a semi-annual dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 13th will be paid a $0.275 dividend.
The ex-dividend date of this dividend is Wednesday, November 12th. This represents a dividend yield of 1.5%.
ArcelorMittal’s dividend payout ratio is presently 27.88%. ArcelorMittal Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding MT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ArcelorMittal S.
A. ( NYSE:MT – Free Report ). Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with MarketBeat.
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