ArcelorMittal S.A. (NYSE:MT) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of ArcelorMittal S.A. (NYSE:MT) by 26.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,098 shares of the basic materials company’s stock after acquiring an additional 3,178 shares during the period. Cerity Partners LLC’s holdings in ArcelorMittal were worth $455,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its position 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 valued at $171,251,000 after purchasing an additional 4,967,981 shares during the period. BlackRock Inc. boosted its position 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 valued at $118,642,000 after purchasing an additional 1,818,361 shares during the period. Clearbridge Investments LLC boosted its position in shares of ArcelorMittal by 21.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,126,342 shares of the basic materials company’s stock valued at $100,074,000 after purchasing an additional 558,849 shares during the period. Two Sigma Advisers LP boosted its position in shares of ArcelorMittal by 17.0% in the 4th quarter. Two Sigma Advisers LP now owns 2,368,200 shares of the basic materials company’s stock valued at $62,094,000 after purchasing an additional 344,600 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of ArcelorMittal in the 1st quarter valued at $54,502,000. 4.56% of the stock is owned by institutional investors and hedge funds.

ArcelorMittal Trading Up 0.1 %

Shares of NYSE MT opened at $26.71 on Thursday. ArcelorMittal S.A. has a one year low of $19.25 and a one year high of $32.49. The firm has a market capitalization of $21.51 billion, a PE ratio of 5.47 and a beta of 1.91. The company has a current ratio of 1.63, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $27.11 and a two-hundred day moving average price of $27.77.

ArcelorMittal (NYSE:MT) last announced its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.39. ArcelorMittal had a return on equity of 9.88% and a net margin of 5.77%. The firm had revenue of $18.61 billion during the quarter, compared to analyst estimates of $17.41 billion. During the same period last year, the company posted $4.24 EPS. The business’s quarterly revenue was down 16.0% compared to the same quarter last year. As a group, analysts predict that ArcelorMittal S.A. will post 5.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded ArcelorMittal from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.68.

ArcelorMittal Profile

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. 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.