Signaturefd LLC Has $749,000 Stock Holdings in ArcelorMittal S.A. (NYSE:MT)

Signaturefd LLC increased its position in ArcelorMittal S.A. (NYSE:MT) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in ArcelorMittal by 221.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,403,048 shares of the basic materials company’s stock valued at $78,712,000 after purchasing an additional 2,344,020 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in ArcelorMittal by 146.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,535,319 shares of the basic materials company’s stock valued at $35,512,000 after purchasing an additional 912,984 shares during the last quarter. FMR LLC boosted its stake in ArcelorMittal by 46.7% during the 3rd quarter. FMR LLC now owns 1,317,833 shares of the basic materials company’s stock valued at $34,606,000 after purchasing an additional 419,465 shares during the last quarter. Cerity Partners LLC boosted its stake in ArcelorMittal by 128.0% during the 3rd quarter. Cerity Partners LLC now owns 464,315 shares of the basic materials company’s stock valued at $12,193,000 after purchasing an additional 260,633 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new position in ArcelorMittal during the 4th quarter valued at about $9,895,000. 9.29% of the stock is currently owned by institutional investors and hedge funds.

ArcelorMittal Price Performance

ArcelorMittal stock opened at $33.07 on Thursday. ArcelorMittal S.A. has a 52 week low of $20.52 and a 52 week high of $34.90. The company’s 50 day moving average price is $27.44 and its two-hundred day moving average price is $25.35. 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 $27.10 billion, a P/E ratio of 20.04, a P/E/G ratio of 0.14 and a beta of 1.79.

ArcelorMittal (NYSE:MT) last posted its earnings results on Thursday, February 6th. The basic materials company reported $0.52 EPS 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%. On average, equities analysts predict that ArcelorMittal S.A. will post 3.72 earnings per share for the current year.

ArcelorMittal Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be issued 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 (DPR) is presently 25.45%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, ArcelorMittal has an average rating of “Moderate Buy” and an average target price of $31.17.

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.