ArcelorMittal (NYSE:MT) Trading Down 2.6%

Shares of ArcelorMittal S.A. (NYSE:MT) traded down 2.6% on Tuesday . The company traded as low as $25.15 and last traded at $25.15. 273,671 shares were traded during trading, a decline of 82% from the average session volume of 1,559,169 shares. The stock had previously closed at $25.81.

Wall Street Analysts Forecast Growth

MT has been the topic of several research reports. StockNews.com downgraded shares of ArcelorMittal from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $31.00 target price (down previously from $34.00) on shares of ArcelorMittal in a report on Tuesday, April 16th.

ArcelorMittal Stock Performance

The company has a market cap of $20.29 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 0.39 and a beta of 1.93. The stock has a 50 day moving average price of $26.66 and a two-hundred day moving average price of $25.93. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.15.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported ($3.57) earnings per share for the quarter, missing the consensus estimate of ($2.08) by ($1.49). The firm had revenue of $14.55 billion for the quarter, compared to the consensus estimate of $16.39 billion. ArcelorMittal had a return on equity of 8.55% and a net margin of 1.35%. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. On average, research analysts predict that ArcelorMittal S.A. will post 4.13 earnings per share for the current fiscal year.

ArcelorMittal Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 17th will be issued a $0.213 dividend. The ex-dividend date of this dividend is Thursday, May 16th. ArcelorMittal’s dividend payout ratio is currently 37.00%.

Institutional Investors Weigh In On ArcelorMittal

Institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI lifted its position in shares of ArcelorMittal by 71.7% during the 3rd quarter. National Bank of Canada FI now owns 1,915 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 800 shares during the period. CWM LLC raised its stake in ArcelorMittal by 1,175.1% in the third quarter. CWM LLC now owns 7,689 shares of the basic materials company’s stock valued at $192,000 after purchasing an additional 7,086 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in ArcelorMittal during the third quarter worth about $600,000. Assetmark Inc. grew its stake in ArcelorMittal by 8.5% during the third quarter. Assetmark Inc. now owns 66,620 shares of the basic materials company’s stock worth $1,667,000 after buying an additional 5,203 shares in the last quarter. Finally, Todd Asset Management LLC increased its holdings in ArcelorMittal by 9.0% in the 3rd quarter. Todd Asset Management LLC now owns 108,800 shares of the basic materials company’s stock valued at $2,723,000 after buying an additional 9,000 shares during the period. 9.88% of the stock is currently owned by institutional investors.

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.