Blue Trust Inc. Has $256,000 Stock Holdings in ArcelorMittal S.A. (NYSE:MT)

Blue Trust Inc. boosted its position in shares of ArcelorMittal S.A. (NYSE:MT) by 382.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,735 shares of the basic materials company’s stock after acquiring an additional 7,719 shares during the period. Blue Trust Inc.’s holdings in ArcelorMittal were worth $256,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in shares of ArcelorMittal by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,115 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 818 shares during the period. First Trust Direct Indexing L.P. boosted its stake in ArcelorMittal by 7.2% during the first quarter. First Trust Direct Indexing L.P. now owns 12,471 shares of the basic materials company’s stock worth $344,000 after buying an additional 843 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in ArcelorMittal in the 1st quarter valued at $2,705,000. Capstone Investment Advisors LLC acquired a new position in shares of ArcelorMittal in the 1st quarter valued at $638,000. Finally, Callan Capital LLC bought a new position in shares of ArcelorMittal during the 1st quarter worth about $423,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

ArcelorMittal Trading Up 1.3 %

Shares of MT stock opened at $23.83 on Friday. The company has a market capitalization of $19.19 billion, a P/E ratio of 26.77, a P/E/G ratio of 0.53 and a beta of 1.77. ArcelorMittal S.A. has a 12-month low of $20.52 and a 12-month high of $29.01. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $23.80 and a 200 day moving average price of $24.17.

ArcelorMittal (NYSE:MT) last posted its earnings results on Thursday, August 1st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.49). The firm had revenue of $16.25 billion during the quarter, compared to the consensus estimate of $16.32 billion. ArcelorMittal had a negative net margin of 0.93% and a positive return on equity of 6.00%. The business’s revenue was down 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.20 EPS. Research analysts forecast that ArcelorMittal S.A. will post 3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MT. Deutsche Bank Aktiengesellschaft raised shares of ArcelorMittal from a “hold” rating to a “buy” rating and upped their target price for the company from $29.00 to $31.00 in a research note on Wednesday, August 28th. JPMorgan Chase & Co. lowered ArcelorMittal from an “overweight” rating to a “neutral” rating in a research note on Friday, October 11th. Finally, Barclays upgraded ArcelorMittal from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.30.

ArcelorMittal 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.