Cohen & Steers Inc. Has $2.15 Million Stock Holdings in United States Steel Co. (NYSE:X)

Cohen & Steers Inc. decreased its stake in shares of United States Steel Co. (NYSE:X - Free Report) by 24.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,185 shares of the basic materials company's stock after selling 20,485 shares during the period. Cohen & Steers Inc.'s holdings in United States Steel were worth $2,148,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of X. Vanguard Group Inc. grew its holdings in shares of United States Steel by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company's stock worth $698,791,000 after purchasing an additional 186,994 shares during the period. Donald Smith & CO. Inc. lifted its position in United States Steel by 1.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock valued at $162,747,000 after buying an additional 68,230 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in United States Steel by 3.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company's stock worth $162,242,000 after buying an additional 174,394 shares during the period. Geode Capital Management LLC raised its stake in shares of United States Steel by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock valued at $131,313,000 after acquiring an additional 22,380 shares during the period. Finally, Norges Bank acquired a new position in shares of United States Steel during the 4th quarter valued at $130,731,000. Hedge funds and other institutional investors own 81.92% of the company's stock.

United States Steel Price Performance

NYSE:X traded down $0.28 during mid-day trading on Friday, reaching $41.54. 3,872,737 shares of the stock were exchanged, compared to its average volume of 5,433,834. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average price of $40.10 and a 200 day moving average price of $37.78. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $46.18. The firm has a market capitalization of $9.40 billion, a PE ratio of 27.88, a PEG ratio of 1.53 and a beta of 1.79.

United States Steel (NYSE:X - Get Free Report) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) 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 expect that United States Steel Co. will post 1.43 earnings per share 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 given a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.48%. United States Steel's dividend payout ratio (DPR) is 13.42%.

Analysts Set New Price Targets

Several research analysts have commented on X shares. Bank of America assumed coverage on United States Steel in a research report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $38.00 price target (down from $43.00) on shares of United States Steel in a report on Wednesday. Jefferies Financial Group decreased their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, January 6th. 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 report on Friday, March 7th. Finally, BMO Capital Markets reiterated 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $39.94.

About United States Steel

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.