Polianta Ltd lifted its stake in shares of United States Steel Co. (NYSE:X - Free Report) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,300 shares of the basic materials company's stock after acquiring an additional 8,200 shares during the quarter. United States Steel comprises approximately 0.6% of Polianta Ltd's holdings, making the stock its 22nd largest position. Polianta Ltd's holdings in United States Steel were worth $1,335,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in shares of United States Steel in the fourth quarter valued at about $30,000. Palouse Capital Management Inc. bought a new position in United States Steel in the 3rd quarter worth approximately $35,000. Gladius Capital Management LP acquired a new position in shares of United States Steel during the third quarter worth approximately $39,000. GAMMA Investing LLC boosted its position in shares of United States Steel by 50.0% in the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock valued at $45,000 after acquiring an additional 442 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of United States Steel in the third quarter worth $59,000. Institutional investors and hedge funds own 81.92% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. BMO Capital Markets reduced their price objective on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, December 20th. Bank of America assumed coverage on United States Steel in a research note on Monday, January 6th. They set a "neutral" rating and a $35.00 price objective for the company. Jefferies Financial Group lowered their target price on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of United States Steel from $44.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.07.
View Our Latest Stock Report on United States Steel
United States Steel Stock Up 0.7 %
X traded up $0.25 during trading on Monday, hitting $36.05. The company had a trading volume of 3,415,790 shares, compared to its average volume of 7,242,722. The firm's 50-day moving average price is $35.61 and its 200 day moving average price is $37.16. The company has a market capitalization of $8.12 billion, a PE ratio of 23.72 and a beta of 1.88. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. United States Steel Co. has a one year low of $26.92 and a one year high of $48.85.
United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. The company had revenue of $3.85 billion during the quarter, compared to analysts' expectations of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The business's quarterly revenue was down 13.0% on a year-over-year basis. During the same period last year, the business earned $1.36 EPS. As a group, equities analysts expect that United States Steel Co. will post 1.99 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, December 11th. Shareholders of record on Monday, November 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel's dividend payout ratio (DPR) is 13.16%.
United States Steel Company Profile
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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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