Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in United States Steel Co. (NYSE:X - Free Report) by 36.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 843,656 shares of the basic materials company's stock after selling 475,355 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.37% of United States Steel worth $28,676,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Ameliora Wealth Management Ltd. bought a new stake in shares of United States Steel in the fourth quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new stake in United States Steel in the fourth quarter worth approximately $30,000. Parkworth Wealth Management Inc. bought a new stake in United States Steel in the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. purchased a new stake in United States Steel during the 4th quarter valued at $32,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of United States Steel during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 81.92% of the company's stock.
United States Steel Price Performance
NYSE:X traded down $0.87 during trading hours on Friday, hitting $40.01. 7,209,443 shares of the stock traded hands, compared to its average volume of 5,395,709. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $46.18. The stock has a 50 day moving average price of $39.80 and a 200 day moving average price of $37.62. 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 released its earnings results 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%. Sell-side analysts forecast that United States Steel Co. will post 1.43 EPS for the current fiscal year.
United States Steel Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Monday, February 10th. United States Steel's dividend payout ratio (DPR) is 13.42%.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Morgan Stanley lifted their price objective on United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a report on Friday, March 7th. Bank of America initiated 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 for the company. Jefferies Financial Group cut their target price on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, January 6th. BMO Capital Markets reaffirmed a "market perform" rating and set a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.65.
Check Out Our Latest Analysis on United States Steel
United States Steel Profile
(
Free Report)
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.
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