ArcelorMittal (NYSE:MT) Stock Price Down 2.6%

ArcelorMittal S.A. (NYSE:MT) traded down 2.6% on Tuesday . The stock 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.

Analysts Set New Price Targets

Several analysts have recently issued reports on MT shares. StockNews.com downgraded ArcelorMittal from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $31.00 price target (down previously from $34.00) on shares of ArcelorMittal in a report on Tuesday, April 16th.

ArcelorMittal Stock Down 2.4 %

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.67. The firm has a market capitalization 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 business has a 50 day moving average price of $26.66 and a 200 day moving average price of $25.93.

ArcelorMittal (NYSE:MT) last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported ($3.57) EPS for the quarter, missing the consensus estimate of ($2.08) by ($1.49). The business had revenue of $14.55 billion during 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 business’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. On average, analysts predict that ArcelorMittal S.A. will post 4.13 earnings per share for the current year.

ArcelorMittal Dividend Announcement

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

Institutional Trading of ArcelorMittal

Institutional investors have recently modified their holdings of the company. National Bank of Canada FI grew its position in ArcelorMittal by 71.7% in the third 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 grew its holdings in shares of ArcelorMittal by 1,175.1% in the 3rd quarter. CWM LLC now owns 7,689 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 7,086 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of ArcelorMittal during the 3rd quarter worth about $600,000. Assetmark Inc. lifted its holdings in ArcelorMittal by 8.5% during the 3rd quarter. Assetmark Inc. now owns 66,620 shares of the basic materials company’s stock valued at $1,667,000 after purchasing an additional 5,203 shares during the last quarter. Finally, Todd Asset Management LLC boosted its position in ArcelorMittal by 9.0% in the third 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 in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

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.