ArcelorMittal S.A. (NYSE:MT) Shares Acquired by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in ArcelorMittal S.A. (NYSE:MTFree Report) by 7.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,248 shares of the basic materials company’s stock after acquiring an additional 1,280 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in ArcelorMittal were worth $457,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MT. Raymond James & Associates increased its holdings in shares of ArcelorMittal by 36.5% in the 1st quarter. Raymond James & Associates now owns 77,799 shares of the basic materials company’s stock valued at $2,490,000 after purchasing an additional 20,821 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in ArcelorMittal by 15.0% during the 1st quarter. Bank of New York Mellon Corp now owns 17,618 shares of the basic materials company’s stock valued at $564,000 after acquiring an additional 2,294 shares in the last quarter. American Century Companies Inc. increased its holdings in ArcelorMittal by 11.3% during the 1st quarter. American Century Companies Inc. now owns 79,895 shares of the basic materials company’s stock valued at $2,557,000 after acquiring an additional 8,085 shares in the last quarter. US Bancorp DE increased its holdings in ArcelorMittal by 75.4% during the 1st quarter. US Bancorp DE now owns 23,765 shares of the basic materials company’s stock valued at $760,000 after acquiring an additional 10,217 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in ArcelorMittal by 10.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,874 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 758 shares in the last quarter. Hedge funds and other institutional investors own 4.56% of the company’s stock.

ArcelorMittal Stock Performance

Shares of NYSE MT opened at $27.37 on Wednesday. The company has a market cap of $22.04 billion, a PE ratio of 5.62 and a beta of 1.95. ArcelorMittal S.A. has a 12 month low of $21.30 and a 12 month high of $32.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.62 and a quick ratio of 0.70. The company has a 50-day simple moving average of $27.16 and a 200-day simple moving average of $25.72.

ArcelorMittal (NYSE:MTGet Free Report) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. ArcelorMittal had a net margin of 5.87% and a return on equity of 8.93%. The business had revenue of $16.62 billion during the quarter, compared to the consensus estimate of $16.87 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, equities analysts anticipate that ArcelorMittal S.A. will post 3.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MT. Bank of America downgraded shares of ArcelorMittal from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. StockNews.com downgraded shares of ArcelorMittal from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Finally, JPMorgan Chase & Co. upgraded shares of ArcelorMittal from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

View Our Latest Research Report on MT

About ArcelorMittal

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ArcelorMittal (NYSE:MT)

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