Amalgamated Bank Sells 33,534 Shares of United States Steel Co. (NYSE:X)

Amalgamated Bank trimmed its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 23.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,670 shares of the basic materials company's stock after selling 33,534 shares during the quarter. Amalgamated Bank's holdings in United States Steel were worth $3,769,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in X. Vanguard Personalized Indexing Management LLC lifted its position in shares of United States Steel by 0.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company's stock worth $1,016,000 after buying an additional 241 shares during the last quarter. Founders Capital Management raised its position in shares of United States Steel by 9.4% in the 3rd quarter. Founders Capital Management now owns 3,500 shares of the basic materials company's stock worth $124,000 after acquiring an additional 300 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of United States Steel by 1.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company's stock valued at $658,000 after acquiring an additional 306 shares in the last quarter. Diversified Trust Co raised its holdings in shares of United States Steel by 4.1% during the second quarter. Diversified Trust Co now owns 8,715 shares of the basic materials company's stock valued at $329,000 after purchasing an additional 342 shares during the period. Finally, Signaturefd LLC grew its stake in United States Steel by 8.3% in the second quarter. Signaturefd LLC now owns 4,673 shares of the basic materials company's stock valued at $177,000 after acquiring an additional 360 shares during the period. Institutional investors and hedge funds own 81.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley boosted their price target on shares of United States Steel from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Thursday, August 15th. StockNews.com started coverage on United States Steel in a research note on Monday, August 19th. They issued a "hold" rating on the stock. BMO Capital Markets decreased their price objective on United States Steel from $45.00 to $43.00 and set an "outperform" rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. raised shares of United States Steel from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $40.00 to $42.00 in a report on Monday, September 9th. Finally, Glj Research raised shares of United States Steel from a "sell" rating to a "buy" rating and set a $38.57 target price on the stock in a report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.80.

United States Steel Price Performance

Shares of United States Steel stock traded down $0.69 during trading on Friday, hitting $41.25. 5,040,178 shares of the stock traded hands, compared to its average volume of 4,390,766. The firm's fifty day moving average is $36.79 and its 200-day moving average is $37.76. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 27.14 and a beta of 1.86. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $50.20. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The business had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. The firm's revenue for the quarter was down 13.0% compared to the same quarter last year. Research analysts expect that United States Steel Co. will post 2.17 EPS for the current fiscal year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 11th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, November 8th. United States Steel's dividend payout ratio is currently 13.16%.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.