Robotti Robert Has $8.52 Million Holdings in ArcelorMittal S.A. (NYSE:MT)

Robotti Robert grew its holdings in ArcelorMittal S.A. (NYSE:MT) by 0.2% during the 4th quarter, Holdings Channel reports. The firm owned 368,185 shares of the basic materials company’s stock after purchasing an additional 865 shares during the period. ArcelorMittal makes up approximately 1.5% of Robotti Robert’s portfolio, making the stock its 18th biggest position. Robotti Robert’s holdings in ArcelorMittal were worth $8,516,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Geneos Wealth Management Inc. boosted its position in shares of ArcelorMittal by 89.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 536 shares during the last quarter. GAMMA Investing LLC lifted its stake in ArcelorMittal by 68.5% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock valued at $34,000 after buying an additional 595 shares during the period. Smartleaf Asset Management LLC boosted its holdings in ArcelorMittal by 76.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company’s stock worth $137,000 after buying an additional 2,586 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of ArcelorMittal during the 4th quarter worth about $207,000. Finally, PNC Financial Services Group Inc. increased its stake 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 valued at $210,000 after purchasing an additional 1,702 shares in the last quarter. 9.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on MT. Morgan Stanley downgraded ArcelorMittal from an “overweight” rating to an “equal weight” rating in a report on Friday, February 14th. Jefferies Financial Group downgraded shares of ArcelorMittal from a “buy” rating to a “hold” rating and set a $36.20 target price on the stock. in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.43.

ArcelorMittal Stock Down 2.5 %

NYSE:MT opened at $30.78 on Thursday. The company has a market cap of $25.21 billion, a PE ratio of 18.65, a PEG ratio of 0.14 and a beta of 1.79. The stock has a 50-day simple moving average of $28.36 and a 200 day simple moving average of $25.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.35. ArcelorMittal S.A. has a 52-week low of $20.52 and a 52-week high of $34.90.

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

ArcelorMittal Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 13th will be issued a $0.275 dividend. This represents a dividend yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal’s payout ratio is 27.88%.

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.