Creative Planning lifted its holdings in shares of ArcelorMittal SA (NYSE:MT) by 34.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,848 shares of the basic materials company’s stock after buying an additional 2,753 shares during the period. Creative Planning’s holdings in ArcelorMittal were worth $224,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG lifted its holdings in ArcelorMittal by 137.3% in the third quarter. Deutsche Bank AG now owns 1,237,432 shares of the basic materials company’s stock valued at $38,186,000 after acquiring an additional 715,890 shares during the period. Renaissance Technologies LLC lifted its holdings in ArcelorMittal by 30.4% in the third quarter. Renaissance Technologies LLC now owns 1,070,032 shares of the basic materials company’s stock valued at $33,057,000 after acquiring an additional 249,631 shares during the period. JPMorgan Chase & Co. lifted its holdings in ArcelorMittal by 77.4% in the third quarter. JPMorgan Chase & Co. now owns 891,090 shares of the basic materials company’s stock valued at $27,498,000 after acquiring an additional 388,896 shares during the period. Credit Suisse AG lifted its holdings in ArcelorMittal by 62.5% in the third quarter. Credit Suisse AG now owns 882,420 shares of the basic materials company’s stock valued at $27,231,000 after acquiring an additional 339,294 shares during the period. Finally, Aperio Group LLC lifted its holdings in ArcelorMittal by 4.9% in the third quarter. Aperio Group LLC now owns 274,256 shares of the basic materials company’s stock valued at $8,464,000 after acquiring an additional 12,896 shares during the period. 2.99% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on MT shares. Deutsche Bank reaffirmed a “buy” rating on shares of ArcelorMittal in a research note on Tuesday, November 6th. UBS Group raised ArcelorMittal from a “sell” rating to a “neutral” rating in a research note on Friday, November 9th. Zacks Investment Research reaffirmed a “hold” rating on shares of ArcelorMittal in a research note on Wednesday, November 14th. Finally, Goldman Sachs Group downgraded ArcelorMittal from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $34.50.
NYSE MT opened at $23.08 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.50 and a current ratio of 1.38. ArcelorMittal SA has a 52 week low of $19.50 and a 52 week high of $36.51. The stock has a market capitalization of $23.60 billion, a PE ratio of 4.01, a P/E/G ratio of 3.12 and a beta of 2.03.
ArcelorMittal (NYSE:MT) last issued its earnings results on Thursday, February 7th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.52. The company had revenue of $18.33 billion for the quarter, compared to the consensus estimate of $18.47 billion. ArcelorMittal had a return on equity of 13.24% and a net margin of 6.77%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts predict that ArcelorMittal SA will post 3.93 EPS for the current fiscal year.
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ArcelorMittal Company Profile
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications.
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