Signaturefd LLC Boosts Position in ArcelorMittal S.A. (NYSE:MT)

Signaturefd LLC grew its holdings in shares of ArcelorMittal S.A. (NYSE:MT) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,684 shares of the basic materials company’s stock after buying an additional 3,550 shares during the period. Signaturefd LLC’s holdings in ArcelorMittal were worth $729,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Appian Way Asset Management LP bought a new stake in ArcelorMittal in the third quarter worth $4,786,000. QRG Capital Management Inc. bought a new position in shares of ArcelorMittal during the third quarter valued at $1,988,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ArcelorMittal during the third quarter valued at $1,644,000. Van ECK Associates Corp lifted its holdings in shares of ArcelorMittal by 22.2% during the third quarter. Van ECK Associates Corp now owns 242,970 shares of the basic materials company’s stock valued at $6,082,000 after purchasing an additional 44,170 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in shares of ArcelorMittal by 292.0% during the third quarter. Campbell & CO Investment Adviser LLC now owns 47,115 shares of the basic materials company’s stock valued at $1,179,000 after purchasing an additional 35,097 shares in the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

ArcelorMittal Stock Down 2.4 %

ArcelorMittal stock opened at $25.20 on Wednesday. The stock has a market cap of $20.29 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 0.39 and a beta of 1.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.67 and a current ratio of 1.53. ArcelorMittal S.A. has a one year low of $21.30 and a one year high of $29.15. The stock has a fifty day moving average of $26.62 and a 200 day moving average of $25.93.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported ($3.57) EPS for the quarter, missing analysts’ consensus estimates of ($2.08) by ($1.49). The firm had revenue of $14.55 billion for the quarter, compared to analysts’ expectations of $16.39 billion. ArcelorMittal had a net margin of 1.35% and a return on equity of 8.55%. The firm’s revenue was down 13.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 EPS. As a group, sell-side analysts predict that ArcelorMittal S.A. will post 4.13 EPS for the current year.

ArcelorMittal Announces Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 17th will be given a $0.213 dividend. The ex-dividend date of this dividend is Thursday, May 16th. ArcelorMittal’s payout ratio is 37.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MT shares. StockNews.com downgraded ArcelorMittal from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $31.00 price target (down from $34.00) on shares of ArcelorMittal in a report on Tuesday, April 16th.

About ArcelorMittal

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.