Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in United States Steel Co. (NYSE:X - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,133 shares of the basic materials company's stock after acquiring an additional 9,711 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in United States Steel were worth $2,486,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new position in shares of United States Steel in the 4th quarter valued at about $27,000. ORG Wealth Partners LLC bought a new position in shares of United States Steel in the 4th quarter valued at about $30,000. Newbridge Financial Services Group Inc. purchased a new stake in United States Steel in the 4th quarter worth about $34,000. Smithfield Trust Co raised its position in United States Steel by 903.0% in the 4th quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company's stock worth $34,000 after purchasing an additional 903 shares during the period. Finally, Gladius Capital Management LP purchased a new stake in United States Steel in the 3rd quarter worth about $39,000. Institutional investors own 81.92% of the company's stock.
United States Steel Trading Down 1.3 %
Shares of NYSE:X traded down $0.55 during trading on Thursday, reaching $41.07. 6,081,527 shares of the company were exchanged, compared to its average volume of 4,925,969. The firm has a market capitalization of $9.25 billion, a PE ratio of 27.56, a P/E/G ratio of 1.53 and a beta of 1.86. The business's fifty day simple moving average is $37.58 and its 200-day simple moving average is $36.72. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $43.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.
United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) 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%. On average, research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current 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 dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. United States Steel's dividend payout ratio is presently 13.42%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in 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 on the stock in a research report on Friday, December 20th. Bank of America assumed coverage on shares of 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. Morgan Stanley increased their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Finally, Jefferies Financial Group reduced 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 research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $40.70.
Check Out Our Latest Stock Report on X
United States Steel Company 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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