Sumitomo Mitsui Trust Group Inc. Purchases 8,789 Shares of ArcelorMittal $MT

Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of ArcelorMittal (NYSE:MT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,789 shares of the basic materials company’s stock, valued at approximately $587,000.

Several other institutional investors have also modified their holdings of MT. Integrated Wealth Concepts LLC bought a new stake in ArcelorMittal in the 2nd quarter valued at about $35,000. Moody National Bank Trust Division acquired a new position in ArcelorMittal during the 2nd quarter valued at about $205,000. HB Wealth Management LLC bought a new position in ArcelorMittal in the 2nd quarter worth about $228,000. Allspring Global Investments Holdings LLC bought a new position in ArcelorMittal in the 1st quarter worth about $207,000. Finally, Farther Finance Advisors LLC grew its position in ArcelorMittal by 10.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,949 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 380 shares during the last quarter. Institutional investors own 9.29% of the company’s stock.

ArcelorMittal Stock Performance

MT stock opened at $61.03 on Monday. The company has a 50-day simple moving average of $67.33 and a 200 day simple moving average of $63.93. The company has a market capitalization of $47.30 billion, a P/E ratio of 45.21, a PEG ratio of 0.67 and a beta of 1.55. The company has a quick ratio of 0.53, a current ratio of 1.41 and a debt-to-equity ratio of 0.21. ArcelorMittal has a fifty-two week low of $38.67 and a fifty-two week high of $79.68.

ArcelorMittal (NYSE:MT) last released its earnings results on Thursday, November 5th. The basic materials company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.80 by $0.35. ArcelorMittal had a net margin of 1.64% and a return on equity of 4.89%. The firm had revenue of $16.47 billion for the quarter, compared to analysts’ expectations of $17.77 billion. During the same quarter last year, the company earned $0.62 EPS. ArcelorMittal’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts predict that ArcelorMittal will post 3.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of ArcelorMittal in a report on Wednesday, September 23rd. Citigroup reissued a “buy” rating on shares of ArcelorMittal in a report on Tuesday, August 4th. JPMorgan Chase & Co. upgraded ArcelorMittal from a “neutral” rating to an “overweight” rating in a research report on Thursday, October 15th. Morgan Stanley assumed coverage on ArcelorMittal in a research report on Monday, August 24th. They issued an “overweight” rating and a $82.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on ArcelorMittal from $69.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, ArcelorMittal presently has a consensus rating of “Moderate Buy” and an average price target of $74.55.

Key ArcelorMittal News

Here are the key news stories impacting ArcelorMittal this week:

• Positive Sentiment: Third-quarter EPS of $1.15 beat the $0.80 consensus, while revenue rose 5.2% year over year. Reports also cited higher production, sales and EBITDA, supporting the view that operating performance improved. ArcelorMittal Q3 EBITDA, Sales Rise On Higher Production
• Positive Sentiment: European market strength may be helping margins: the company said higher steel tariffs were boosting profits, and European flat-steel shipments rose from the prior quarter despite typical seasonal patterns. ArcelorMittal beats profit expectations as European market strengthens
• Neutral Sentiment: ArcelorMittal also reported production for the third quarter and first nine months of 2026; the article listing provided no specific figures to assess the operational trend. Production results
• Negative Sentiment: Revenue of $16.47 billion fell short of the $17.77 billion analyst estimate. A separate report said ArcelorMittal recorded a $391 million third-quarter loss following a shutdown in Ukraine, a counterweight to the adjusted earnings beat. ArcelorMittal posts $391 million Q3 loss after Ukraine shutdown

ArcelorMittal Profile

ArcelorMittal is a global steel and mining company that produces steel products for customers across industries including automotive, construction, energy, appliances and packaging. Its offerings include flat and long steel products, as well as iron ore and metallurgical coal used in steelmaking.

The company operates across the Americas, Europe and other regions, combining mining and steelmaking activities with research and product development. ArcelorMittal was formed in 2006 through the merger of Arcelor and Mittal Steel.

Aditya Mittal is the company’s chief executive officer, and Lakshmi N.