TD Asset Management Inc. Has $1.10 Million Holdings in ArcelorMittal SA (MT)

TD Asset Management Inc. raised its stake in shares of ArcelorMittal SA (NYSE:MT) by 56.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,733 shares of the basic materials company’s stock after buying an additional 15,500 shares during the quarter. TD Asset Management Inc.’s holdings in ArcelorMittal were worth $1,101,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in shares of ArcelorMittal by 24.9% during the second quarter. Quadrant Capital Group LLC now owns 7,412 shares of the basic materials company’s stock worth $157,000 after purchasing an additional 1,479 shares during the last quarter. Rathbone Brothers plc bought a new stake in ArcelorMittal in the third quarter valued at about $202,000. Sawtooth Solutions LLC bought a new stake in ArcelorMittal in the second quarter valued at about $206,000. SG Americas Securities LLC bought a new stake in ArcelorMittal in the third quarter valued at about $229,000. Finally, Advisor Group Inc. increased its holdings in ArcelorMittal by 160.6% in the second quarter. Advisor Group Inc. now owns 10,147 shares of the basic materials company’s stock valued at $230,000 after buying an additional 6,253 shares during the last quarter. Hedge funds and other institutional investors own 4.09% of the company’s stock.

A number of equities analysts have commented on the company. Zacks Investment Research upgraded ArcelorMittal from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 25th. UBS restated a “buy” rating on shares of ArcelorMittal in a research note on Thursday, October 26th. Cowen lifted their target price on ArcelorMittal from $27.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, November 13th. TheStreet downgraded ArcelorMittal from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Finally, ValuEngine downgraded ArcelorMittal from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.55.

Shares of ArcelorMittal SA (MT) traded up $0.05 during mid-day trading on Wednesday, reaching $31.73. The company’s stock had a trading volume of 3,742,400 shares, compared to its average volume of 5,657,033. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.44 and a current ratio of 1.21. ArcelorMittal SA has a 12 month low of $19.59 and a 12 month high of $31.81. The firm has a market capitalization of $32,269.50, a P/E ratio of 7.96, a P/E/G ratio of 0.73 and a beta of 2.20.

ArcelorMittal (NYSE:MT) last issued its earnings results on Friday, November 10th. The basic materials company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.32. ArcelorMittal had a return on equity of 11.57% and a net margin of 6.04%. The company had revenue of $17.64 billion during the quarter, compared to the consensus estimate of $17.08 billion. During the same period in the previous year, the firm posted $0.22 earnings per share. ArcelorMittal’s quarterly revenue was up 21.5% compared to the same quarter last year. analysts anticipate that ArcelorMittal SA will post 3.89 earnings per share for the current fiscal year.

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ArcelorMittal Company Profile

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

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Institutional Ownership by Quarter for ArcelorMittal (NYSE:MT)

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