Daiwa Securities Group Inc. grew its holdings in shares of ArcelorMittal SA (NYSE:MT) by 15.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 144,621 shares of the basic materials company’s stock after purchasing an additional 19,371 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ArcelorMittal were worth $4,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MT. M&T Bank Corp increased its stake in shares of ArcelorMittal by 2.9% during the fourth quarter. M&T Bank Corp now owns 80,166 shares of the basic materials company’s stock valued at $2,590,000 after acquiring an additional 2,257 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of ArcelorMittal by 4.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 56,506 shares of the basic materials company’s stock valued at $1,826,000 after acquiring an additional 2,349 shares during the period. Bank of New York Mellon Corp increased its stake in shares of ArcelorMittal by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 50,354 shares of the basic materials company’s stock valued at $1,297,000 after acquiring an additional 3,120 shares during the period. BB&T Corp increased its stake in shares of ArcelorMittal by 5.2% during the fourth quarter. BB&T Corp now owns 73,742 shares of the basic materials company’s stock valued at $2,383,000 after acquiring an additional 3,662 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of ArcelorMittal by 18.4% during the fourth quarter. Jennison Associates LLC now owns 26,511 shares of the basic materials company’s stock valued at $857,000 after acquiring an additional 4,111 shares during the period. 4.11% of the stock is currently owned by institutional investors.

ArcelorMittal SA (NYSE:MT) opened at $33.34 on Tuesday. ArcelorMittal SA has a 52 week low of $19.59 and a 52 week high of $37.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.25 and a quick ratio of 0.41. The company has a market cap of $33,410.34, a P/E ratio of 7.46, a P/E/G ratio of 0.66 and a beta of 2.33.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. ArcelorMittal had a net margin of 6.65% and a return on equity of 12.03%. The firm had revenue of $17.71 billion during the quarter, compared to analyst estimates of $18.34 billion. During the same quarter last year, the business posted $0.39 EPS. analysts forecast that ArcelorMittal SA will post 3.69 earnings per share for the current fiscal year.

A number of research firms recently commented on MT. ValuEngine upgraded shares of ArcelorMittal from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Bank of America upgraded shares of ArcelorMittal from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Cowen lifted their price target on shares of ArcelorMittal from $27.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, November 13th. Zacks Investment Research lowered shares of ArcelorMittal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of ArcelorMittal in a research report on Friday, January 26th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $36.89.

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About ArcelorMittal

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.

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Institutional Ownership by Quarter for ArcelorMittal (NYSE:MT)

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