Dorsey & Whitney Trust CO LLC Acquires 797 Shares of ArcelorMittal S.A. (NYSE:MT)

Dorsey & Whitney Trust CO LLC lifted its holdings in ArcelorMittal S.A. (NYSE:MT) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,545 shares of the basic materials company’s stock after purchasing 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 filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Geneos Wealth Management Inc. increased its stake in ArcelorMittal by 89.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 536 shares during the period. GAMMA Investing LLC increased its stake in ArcelorMittal by 68.5% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 595 shares during the period. US Bancorp DE increased its stake in ArcelorMittal by 5.0% during the fourth quarter. US Bancorp DE now owns 15,085 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 717 shares during the period. Eagle Asset Management Inc. increased its stake in ArcelorMittal by 11.2% during the third quarter. Eagle Asset Management Inc. now owns 16,008 shares of the basic materials company’s stock valued at $418,000 after acquiring an additional 1,615 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in ArcelorMittal by 23.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,076 shares of the basic materials company’s stock valued at $210,000 after acquiring an additional 1,702 shares during the period. 9.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MT has been the topic of several research reports. Morgan Stanley lowered ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research note 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 report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, ArcelorMittal has an average rating of “Moderate Buy” and an average price target of $31.17.

ArcelorMittal Stock Up 1.8 %

NYSE MT opened at $32.04 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average is $26.30 and its two-hundred day moving average is $25.01. The company has a market capitalization of $26.25 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 0.14 and a beta of 1.79. ArcelorMittal S.A. has a 1-year low of $20.52 and a 1-year high of $34.90.

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

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.