Boston Partners Has $1.10 Million Stock Position in United States Steel Co. (NYSE:X)

Boston Partners reduced its holdings in United States Steel Co. (NYSE:X - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,309 shares of the basic materials company's stock after selling 15,561 shares during the period. Boston Partners' holdings in United States Steel were worth $1,098,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. bought a new position in United States Steel during the fourth quarter worth about $27,000. ORG Wealth Partners LLC acquired a new stake in shares of United States Steel in the 4th quarter valued at $30,000. Parkworth Wealth Management Inc. bought a new stake in United States Steel during the 4th quarter worth about $31,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of United States Steel during the 4th quarter worth approximately $34,000. Finally, Smithfield Trust Co grew its holdings in United States Steel by 903.0% during the 4th quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company's stock worth $34,000 after acquiring an additional 903 shares during the period. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of United States Steel from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Jefferies Financial Group cut their price target on United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Bank of America assumed coverage on United States Steel in a report on Monday, January 6th. They set a "neutral" rating and a $35.00 price objective for the company. BMO Capital Markets boosted their target price on United States Steel from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Friday, March 21st. Finally, Morgan Stanley raised 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 note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.32.

Remove Ads

United States Steel Stock Up 0.0 %

Shares of United States Steel stock traded up $0.01 on Wednesday, reaching $43.01. 4,221,096 shares of the company were exchanged, compared to its average volume of 4,955,406. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 1.53 and a beta of 1.86. United States Steel Co. has a one year low of $26.92 and a one year high of $43.60. The company has a 50-day moving average of $38.11 and a 200 day moving average of $36.99. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36.

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

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.47%. United States Steel's dividend payout ratio is 13.42%.

United States Steel Profile

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.