ArcelorMittalMT
Market Cap: $18.7B
About: ArcelorMittal SA is involved in the steel industry. The company's operating segments include NAFTA; Brazil; Europe; ACIS; Mining and others. It generates maximum revenue from the Europe segment. Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. These products are sold primarily to customers in the automotive, general, and packaging sectors as well as also produce long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products. Geographically, it derives a majority of its revenue from United States.
Employees: 126,756
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
28% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 57
17% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 23
2% more funds holding
Funds holding: 180 [Q1] → 184 (+4) [Q2]
0.42% less ownership
Funds ownership: 4.25% [Q1] → 3.83% (-0.42%) [Q2]
1% less call options, than puts
Call options by funds: $38.5M | Put options by funds: $38.8M
25% less capital invested
Capital invested by funds: $998M [Q1] → $749M (-$249M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Deutsche Bank Bastian Synagowitz 100% 1-year accuracy 1 / 1 met price target | 29%upside $31 | Buy Upgraded | 28 Aug 2024 |
Deutsche Bank Bastian Synagowitz 100% 1-year accuracy 1 / 1 met price target | 21%upside $29 | Hold Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 4 articles about MT published over the past 30 days