ArcelorMittal S.A. (NYSE:MT) Shares Acquired by Creative Planning

Creative Planning increased its position in shares of ArcelorMittal S.A. (NYSE:MT) by 24.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,226 shares of the basic materials company’s stock after buying an additional 11,898 shares during the period. Creative Planning’s holdings in ArcelorMittal were worth $1,608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MT. Crossmark Global Holdings Inc. lifted its position in shares of ArcelorMittal by 4.6% during the second quarter. Crossmark Global Holdings Inc. now owns 12,927 shares of the basic materials company’s stock worth $296,000 after purchasing an additional 572 shares during the last quarter. Rhumbline Advisers grew its position in shares of ArcelorMittal by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 9,633 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 610 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of ArcelorMittal by 24.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,115 shares of the basic materials company’s stock valued at $117,000 after acquiring an additional 818 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in shares of ArcelorMittal by 7.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 12,471 shares of the basic materials company’s stock valued at $344,000 after acquiring an additional 843 shares in the last quarter. Finally, Gallacher Capital Management LLC lifted its stake in ArcelorMittal by 8.0% during the first quarter. Gallacher Capital Management LLC now owns 12,152 shares of the basic materials company’s stock worth $335,000 after purchasing an additional 900 shares during the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MT has been the topic of a number of recent research reports. Barclays raised shares of ArcelorMittal from an “equal weight” rating to an “overweight” rating in a report on Monday, August 19th. JPMorgan Chase & Co. lowered ArcelorMittal from an “overweight” rating to a “neutral” rating in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft raised ArcelorMittal from a “hold” rating to a “buy” rating and increased their target price for the stock from $29.00 to $31.00 in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.30.

ArcelorMittal Stock Down 0.5 %

MT opened at $24.83 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.66 and a current ratio of 1.53. The company has a market capitalization of $19.99 billion, a PE ratio of 27.89, a P/E/G ratio of 0.52 and a beta of 1.77. The stock’s fifty day moving average is $23.94 and its 200-day moving average is $24.07. ArcelorMittal S.A. has a one year low of $20.52 and a one year high of $29.01.

ArcelorMittal (NYSE:MT) last released its earnings results on Thursday, August 1st. The basic materials company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.49). The business had revenue of $16.25 billion during the quarter, compared to the consensus estimate of $16.32 billion. ArcelorMittal had a positive return on equity of 6.00% and a negative net margin of 0.93%. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 earnings per share. On average, equities analysts predict that ArcelorMittal S.A. will post 3 EPS for the current fiscal year.

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.