ACG Wealth cut its position in shares of United States Steel Co. (NYSE:X) by 14.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,338 shares of the basic materials company’s stock after selling 12,187 shares during the quarter. ACG Wealth’s holdings in United States Steel were worth $2,440,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in United States Steel by 22.0% during the third quarter. Pacer Advisors Inc. now owns 33,080 shares of the basic materials company’s stock valued at $849,000 after buying an additional 5,961 shares during the last quarter. California State Teachers Retirement System raised its stake in United States Steel by 1.9% during the second quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock valued at $7,114,000 after buying an additional 6,028 shares during the last quarter. Honeywell International Inc. raised its stake in United States Steel by 20.1% during the third quarter. Honeywell International Inc. now owns 600,400 shares of the basic materials company’s stock valued at $15,406,000 after buying an additional 100,400 shares during the last quarter. Alpha Windward LLC purchased a new position in United States Steel during the third quarter valued at $502,000. Finally, Toronto Dominion Bank purchased a new position in United States Steel during the second quarter valued at $294,000. Institutional investors own 64.31% of the company’s stock.
In related news, CEO David B. Burritt sold 36,072 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $39.95, for a total value of $1,441,076.40. Following the sale, the chief executive officer now directly owns 166,411 shares in the company, valued at $6,648,119.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David J. Rintoul sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $40.00, for a total value of $400,000.00. Following the completion of the sale, the vice president now owns 35,809 shares in the company, valued at $1,432,360. The disclosure for this sale can be found here. Insiders sold 128,706 shares of company stock worth $4,653,456 over the last quarter. 1.00% of the stock is owned by company insiders.
Shares of United States Steel Co. (NYSE X) opened at $36.80 on Wednesday. United States Steel Co. has a fifty-two week low of $18.55 and a fifty-two week high of $41.83. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $6,440.00, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.08 and a beta of 3.08.
United States Steel (NYSE:X) last released its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.10 billion. United States Steel had a return on equity of 20.82% and a net margin of 5.08%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. equities research analysts expect that United States Steel Co. will post 3.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be given a $0.05 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. United States Steel’s dividend payout ratio is currently 9.17%.
X has been the subject of several recent analyst reports. Vertical Group initiated coverage on United States Steel in a research note on Tuesday, January 30th. They issued a “sell” rating and a $25.00 price target for the company. Credit Suisse Group boosted their price target on United States Steel from $34.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Citigroup upgraded United States Steel from a “sell” rating to a “neutral” rating in a research note on Monday, January 22nd. Bank of America set a $46.00 price target on United States Steel and gave the stock a “buy” rating in a research note on Monday, January 8th. Finally, Cowen restated a “hold” rating and issued a $40.00 price target on shares of United States Steel in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. United States Steel has an average rating of “Hold” and a consensus price target of $32.47.
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United States Steel Company Profile
United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).
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