ArcelorMittal’s (MT) “Hold” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of ArcelorMittal (NYSE:MT) in a research report sent to investors on Tuesday, MarketBeat.com reports. They currently have a $31.00 price target on the basic materials company’s stock, down from their prior price target of $34.00.

Separately, StockNews.com lowered ArcelorMittal from a buy rating to a hold rating in a research report on Monday, March 4th.

ArcelorMittal Stock Up 0.1 %

Shares of ArcelorMittal stock opened at $25.14 on Tuesday. The stock’s fifty day moving average is $26.78 and its 200-day moving average is $25.88. The firm has a market capitalization of $20.25 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 0.31 and a beta of 1.93. 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 has a 12-month low of $21.30 and a 12-month high of $29.56.

ArcelorMittal (NYSE:MT) last announced its earnings results on Thursday, February 8th. The basic materials company reported ($3.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.08) by ($1.49). The company had revenue of $14.55 billion for the quarter, compared to analyst estimates of $16.39 billion. ArcelorMittal had a return on equity of 8.55% and a net margin of 1.35%. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. Equities analysts anticipate that ArcelorMittal will post 4.37 earnings per share for the current year.

ArcelorMittal Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its stake in ArcelorMittal by 1,300.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,349,935 shares of the basic materials company’s stock valued at $171,251,000 after purchasing an additional 4,967,981 shares in the last quarter. BlackRock Inc. grew its stake in ArcelorMittal by 96.3% in the first quarter. BlackRock Inc. now owns 3,706,360 shares of the basic materials company’s stock valued at $118,642,000 after purchasing an additional 1,818,361 shares in the last quarter. Clearbridge Investments LLC grew its stake in ArcelorMittal by 21.8% in the first quarter. Clearbridge Investments LLC now owns 3,126,342 shares of the basic materials company’s stock valued at $100,074,000 after purchasing an additional 558,849 shares in the last quarter. Morgan Stanley grew its stake in ArcelorMittal by 111.6% in the third quarter. Morgan Stanley now owns 3,036,238 shares of the basic materials company’s stock valued at $75,997,000 after purchasing an additional 1,601,336 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in ArcelorMittal by 5.9% in the first quarter. Two Sigma Advisers LP now owns 2,508,700 shares of the basic materials company’s stock valued at $75,562,000 after purchasing an additional 140,500 shares in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

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.