United States Steel Co. (NYSE:X) Holdings Decreased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd cut its stake in United States Steel Co. (NYSE:X - Free Report) by 39.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,964 shares of the basic materials company's stock after selling 7,805 shares during the period. Dynamic Technology Lab Private Ltd's holdings in United States Steel were worth $407,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of X. Donald Smith & CO. Inc. increased its position in United States Steel by 1.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock worth $162,747,000 after purchasing an additional 68,230 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of United States Steel by 3.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company's stock valued at $162,242,000 after buying an additional 174,394 shares in the last quarter. Discovery Capital Management LLC CT boosted its holdings in United States Steel by 488.0% in the 4th quarter. Discovery Capital Management LLC CT now owns 556,800 shares of the basic materials company's stock worth $18,926,000 after acquiring an additional 462,100 shares during the period. Geode Capital Management LLC raised its stake in shares of United States Steel by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock valued at $131,313,000 after purchasing an additional 22,380 shares during the period. Finally, Meridian Investment Counsel Inc. lifted its position in shares of United States Steel by 4.3% during the fourth quarter. Meridian Investment Counsel Inc. now owns 14,700 shares of the basic materials company's stock worth $500,000 after purchasing an additional 600 shares in the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

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United States Steel Stock Performance

X stock traded up $1.01 during trading on Monday, hitting $41.07. 3,280,026 shares of the company's stock traded hands, compared to its average volume of 7,545,964. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $46.18. The stock has a fifty day moving average price of $39.85 and a two-hundred day moving average price of $37.65. The company has a quick ratio of 0.91, a current ratio of 1.55 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) earnings per share 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%. As a group, equities analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's dividend payout ratio (DPR) is 13.42%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Bank of America initiated coverage on United States Steel in a research note on Monday, January 6th. They set a "neutral" rating and a $35.00 target price for the company. BMO Capital Markets restated a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a research note on Monday, March 31st. Jefferies Financial Group cut their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their target price on United States Steel from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley lifted 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.65.

United States Steel Company 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.