Dorsey & Whitney Trust CO LLC Has $221,000 Stock Holdings in ArcelorMittal S.A. (NYSE:MT)

Dorsey & Whitney Trust CO LLC lifted its holdings in ArcelorMittal S.A. (NYSE:MT) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,545 shares of the basic materials company’s stock after buying an additional 797 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in ArcelorMittal were worth $221,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MT. Atria Investments Inc acquired a new stake in shares of ArcelorMittal in the third quarter worth $244,000. Crossmark Global Holdings Inc. boosted its position in ArcelorMittal by 168.9% during the third quarter. Crossmark Global Holdings Inc. now owns 34,766 shares of the basic materials company’s stock valued at $913,000 after purchasing an additional 21,839 shares during the last quarter. Catalytic Wealth RIA LLC acquired a new stake in ArcelorMittal during the third quarter valued at $365,000. Oppenheimer Asset Management Inc. boosted its position in ArcelorMittal by 154.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 57,106 shares of the basic materials company’s stock valued at $1,500,000 after purchasing an additional 34,688 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in ArcelorMittal by 171.4% during the third quarter. Natixis Advisors LLC now owns 130,100 shares of the basic materials company’s stock valued at $3,416,000 after purchasing an additional 82,164 shares during the last quarter. Institutional investors and hedge funds own 9.29% of the company’s stock.

ArcelorMittal Price Performance

NYSE MT opened at $32.04 on Wednesday. ArcelorMittal S.A. has a fifty-two week low of $20.52 and a fifty-two week high of $34.90. The stock’s 50-day moving average is $26.30 and its two-hundred day moving average is $25.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 0.59. The firm has a market cap of $26.25 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 0.14 and a beta of 1.79.

ArcelorMittal (NYSE:MT) last posted its earnings results on Thursday, February 6th. The basic materials company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. On average, analysts anticipate that ArcelorMittal S.A. will post 3.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MT has been the subject of a number of research reports. Morgan Stanley cut ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 14th. Bank of America raised ArcelorMittal from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $32.90 in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.17.

About ArcelorMittal

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.