O Shaughnessy Asset Management LLC Cuts Position in ArcelorMittal S.A. (NYSE:MT)

O Shaughnessy Asset Management LLC lessened its position in shares of ArcelorMittal S.A. (NYSE:MT – Get Rating) by 50.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,093 shares of the basic materials company’s stock after selling 77,602 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in ArcelorMittal were worth $1,969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MT. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ArcelorMittal by 1,300.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,349,935 shares of the basic materials company’s stock worth $171,251,000 after purchasing an additional 4,967,981 shares during the period. BlackRock Inc. boosted its holdings in shares of ArcelorMittal by 96.3% in the 1st quarter. BlackRock Inc. now owns 3,706,360 shares of the basic materials company’s stock worth $118,642,000 after purchasing an additional 1,818,361 shares during the period. Renaissance Technologies LLC purchased a new position in shares of ArcelorMittal in the 1st quarter worth approximately $54,502,000. Two Sigma Advisers LP boosted its holdings in shares of ArcelorMittal by 93.3% in the 3rd quarter. Two Sigma Advisers LP now owns 2,023,600 shares of the basic materials company’s stock worth $40,290,000 after purchasing an additional 976,900 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of ArcelorMittal by 52.7% in the 3rd quarter. Two Sigma Investments LP now owns 2,392,087 shares of the basic materials company’s stock worth $47,626,000 after purchasing an additional 825,488 shares during the period. Hedge funds and other institutional investors own 5.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MT shares. Bank of America raised ArcelorMittal from a “neutral” rating to a “buy” rating in a research note on Thursday, March 23rd. StockNews.com started coverage on ArcelorMittal in a research note on Thursday, May 18th. They set a “buy” rating for the company. UBS Group raised ArcelorMittal from a “sell” rating to a “buy” rating in a research note on Tuesday, March 28th. Barclays lowered ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on ArcelorMittal from $36.00 to $33.00 in a research report on Thursday, February 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.68.

ArcelorMittal Stock Performance

Shares of MT stock opened at $25.72 on Friday. The stock has a market cap of $20.71 billion, a PE ratio of 3.72 and a beta of 1.89. The business has a 50-day simple moving average of $27.95 and a 200-day simple moving average of $28.27. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 0.15. ArcelorMittal S.A. has a 52-week low of $19.25 and a 52-week high of $33.77.

ArcelorMittal Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Thursday, June 15th. Investors of record on Tuesday, May 23rd will be issued a $0.38 dividend. The ex-dividend date is Monday, May 22nd. This represents a yield of 1.2%. ArcelorMittal’s payout ratio is 2.75%.

ArcelorMittal Company Profile

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ArcelorMittal SA is a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), Mining, and Others. The NAFTA segment consists of flat products such as slabs, hot-rolled coil, cold-rolled coil, coated steel, and plate.