Todd Asset Management LLC Has $3.72 Million Position in ArcelorMittal S.A. (NYSE:MT)

Todd Asset Management LLC increased its holdings in ArcelorMittal S.A. (NYSE:MT) by 20.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 131,100 shares of the basic materials company’s stock after buying an additional 22,300 shares during the quarter. Todd Asset Management LLC’s holdings in ArcelorMittal were worth $3,722,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in ArcelorMittal by 336.3% during the fourth quarter. Blue Trust Inc. now owns 1,309 shares of the basic materials company’s stock worth $37,000 after buying an additional 1,009 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in ArcelorMittal by 14.7% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 8,334 shares of the basic materials company’s stock worth $237,000 after buying an additional 1,065 shares during the last quarter. GAMMA Investing LLC bought a new stake in ArcelorMittal during the fourth quarter worth about $30,000. Ritholtz Wealth Management grew its stake in ArcelorMittal by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 34,170 shares of the basic materials company’s stock worth $970,000 after buying an additional 1,159 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in ArcelorMittal by 7.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,248 shares of the basic materials company’s stock worth $457,000 after buying an additional 1,280 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

ArcelorMittal Price Performance

Shares of MT traded up $0.15 during mid-day trading on Friday, hitting $26.22. 1,449,631 shares of the company traded hands, compared to its average volume of 1,730,422. ArcelorMittal S.A. has a one year low of $21.30 and a one year high of $29.15. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $26.42 and a 200 day moving average of $25.98. The stock has a market capitalization of $21.12 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 0.42 and a beta of 1.93.

ArcelorMittal (NYSE:MT) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.23. ArcelorMittal had a net margin of 1.15% and a return on equity of 8.24%. The business had revenue of $16.28 billion for the quarter, compared to analyst estimates of $16.67 billion. During the same period in the prior year, the business posted $1.27 earnings per share. ArcelorMittal’s revenue was down 12.0% compared to the same quarter last year. As a group, equities analysts expect that ArcelorMittal S.A. will post 3.91 earnings per share for the current fiscal year.

ArcelorMittal Announces Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.213 per share. The ex-dividend date of this dividend is Thursday, May 16th. ArcelorMittal’s dividend payout ratio is presently 41.57%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $31.00 price objective (down from $34.00) on shares of ArcelorMittal in a research note on Tuesday, April 16th. StockNews.com cut shares of ArcelorMittal from a “buy” rating to a “hold” rating in a research note on Monday, March 4th.

ArcelorMittal Company Profile

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.