Mesirow Institutional Investment Management Inc. Acquires 15,653 Shares of United States Steel Co. (NYSE:X)

Mesirow Institutional Investment Management Inc. grew its position in United States Steel Co. (NYSE:X - Free Report) by 22.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,965 shares of the basic materials company's stock after buying an additional 15,653 shares during the quarter. Mesirow Institutional Investment Management Inc.'s holdings in United States Steel were worth $2,888,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in X. MetLife Investment Management LLC grew its holdings in shares of United States Steel by 9.7% during the 4th quarter. MetLife Investment Management LLC now owns 126,890 shares of the basic materials company's stock valued at $4,313,000 after purchasing an additional 11,271 shares during the last quarter. Natixis bought a new stake in shares of United States Steel during the fourth quarter worth $1,000,000. Dimensional Fund Advisors LP increased its holdings in shares of United States Steel by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock worth $315,790,000 after buying an additional 929,762 shares in the last quarter. Forum Financial Management LP lifted its stake in shares of United States Steel by 7.5% in the 4th quarter. Forum Financial Management LP now owns 7,051 shares of the basic materials company's stock valued at $240,000 after acquiring an additional 490 shares during the last quarter. Finally, Advent Capital Management DE boosted its holdings in shares of United States Steel by 100.0% during the 4th quarter. Advent Capital Management DE now owns 100,000 shares of the basic materials company's stock valued at $3,399,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.

United States Steel Trading Up 0.6 %

United States Steel stock traded up $0.27 during trading hours on Thursday, reaching $42.26. 2,966,794 shares of the company's stock were exchanged, compared to its average volume of 5,466,416. The firm has a market capitalization of $9.57 billion, a PE ratio of 28.36, a PEG ratio of 1.53 and a beta of 1.79. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. The firm's 50 day simple moving average is $40.27 and its 200 day simple moving average is $37.94. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $46.18.

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

United States Steel Dividend Announcement

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

Analyst Ratings Changes

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

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.