Signaturefd LLC Grows Stock Holdings in ArcelorMittal S.A. (NYSE:MT)

Signaturefd LLC boosted its holdings in ArcelorMittal S.A. (NYSE:MT) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,363 shares of the basic materials company’s stock after buying an additional 2,352 shares during the period. Signaturefd LLC’s holdings in ArcelorMittal were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of MT. Geneos Wealth Management Inc. grew its position in ArcelorMittal by 89.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 536 shares in the last quarter. GAMMA Investing LLC grew its position in ArcelorMittal by 68.5% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 595 shares in the last quarter. Smartleaf Asset Management LLC grew its position in ArcelorMittal by 76.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 2,586 shares in the last quarter. Callan Family Office LLC purchased a new position in ArcelorMittal in the fourth quarter worth $207,000. Finally, PNC Financial Services Group Inc. grew its position in ArcelorMittal by 23.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,076 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 1,702 shares in the last quarter. 9.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, ArcelorMittal has a consensus rating of “Moderate Buy” and an average target price of $31.17.

ArcelorMittal Stock Performance

ArcelorMittal stock opened at $33.07 on Thursday. 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 company has a market capitalization of $27.10 billion, a PE ratio of 20.04, a P/E/G ratio of 0.14 and a beta of 1.79. The firm has a fifty day simple moving average of $27.44 and a two-hundred day simple moving average of $25.35. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $34.90.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. Research analysts expect that ArcelorMittal S.A. will post 3.72 EPS for the current year.

ArcelorMittal Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.275 per share. This represents a dividend yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal’s dividend payout ratio (DPR) is 25.45%.

ArcelorMittal Company 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.