ArcelorMittal SA (MT) Stake Boosted by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. grew its stake in shares of ArcelorMittal SA (NYSE:MT) by 4.3% during the 4th quarter, HoldingsChannel reports. The fund owned 56,506 shares of the basic materials company’s stock after purchasing an additional 2,349 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in ArcelorMittal were worth $1,826,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of MT. FNY Partners Fund LP acquired a new position in shares of ArcelorMittal during the fourth quarter valued at about $161,000. Rathbone Brothers plc acquired a new position in shares of ArcelorMittal during the third quarter valued at about $202,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of ArcelorMittal during the third quarter valued at about $228,000. SG Americas Securities LLC acquired a new position in shares of ArcelorMittal during the third quarter valued at about $229,000. Finally, Advisor Group Inc. increased its holdings in shares of ArcelorMittal by 160.6% during the second quarter. Advisor Group Inc. now owns 10,147 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 6,253 shares in the last quarter. Hedge funds and other institutional investors own 4.11% of the company’s stock.
Several research firms have recently issued reports on MT. Cowen upped their price objective on shares of ArcelorMittal from $27.00 to $32.00 and gave the company a “market perform” rating in a report on Monday, November 13th. Bank of America upgraded ArcelorMittal from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating and issued a $42.00 target price on shares of ArcelorMittal in a research report on Tuesday, January 9th. Zacks Investment Research lowered ArcelorMittal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, UBS Group upgraded ArcelorMittal from a “neutral” rating to a “buy” rating in a research report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $36.89.
ArcelorMittal (NYSE:MT) last issued its earnings results on Wednesday, January 31st. The basic materials company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. The firm had revenue of $17.71 billion for the quarter, compared to analyst estimates of $18.34 billion. ArcelorMittal had a return on equity of 12.03% and a net margin of 6.65%. During the same quarter in the prior year, the firm earned $0.39 earnings per share. equities analysts expect that ArcelorMittal SA will post 3.69 EPS for the current year.
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.
Want to see what other hedge funds are holding MT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ArcelorMittal SA (NYSE:MT).
Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with MarketBeat.com's FREE daily email newsletter.