Arnhold LLC Takes $12.41 Million Position in United States Steel Co. (NYSE:X)

Arnhold LLC purchased a new stake in United States Steel Co. (NYSE:X - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 365,058 shares of the basic materials company's stock, valued at approximately $12,408,000. United States Steel accounts for about 1.2% of Arnhold LLC's holdings, making the stock its 29th biggest position. Arnhold LLC owned 0.16% of United States Steel as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of United States Steel in the 4th quarter valued at $130,731,000. Forest Avenue Capital Management LP acquired a new stake in shares of United States Steel in the 4th quarter valued at $50,795,000. Dimensional Fund Advisors LP boosted its stake in shares of United States Steel by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock valued at $315,790,000 after purchasing an additional 929,762 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in United States Steel during the 4th quarter worth about $27,145,000. Finally, Turiya Advisors Asia Ltd acquired a new position in United States Steel during the 4th quarter worth about $19,384,000. Institutional investors own 81.92% of the company's stock.

United States Steel Stock Performance

X traded up $0.59 on Monday, reaching $43.27. The company had a trading volume of 4,852,924 shares, compared to its average volume of 5,476,287. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $46.18. The stock has a market cap of $9.80 billion, a P/E ratio of 29.04, a P/E/G ratio of 1.53 and a beta of 1.79. The company's fifty day moving average is $40.43 and its 200 day moving average is $38.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55.

United States Steel (NYSE:X - Get Free Report) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. As a group, analysts predict that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. United States Steel's dividend payout ratio (DPR) is presently 13.42%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on X shares. Bank of America started coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price target on the stock. BMO Capital Markets reiterated a "market perform" rating and set a $45.00 price target on shares of United States Steel in a research report on Monday, March 31st. Morgan Stanley upped their price target on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $38.00 price objective (down from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group reduced their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $39.94.

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.