All Terrain Financial Advisors LLC acquired a new position in United States Steel Co. (NYSE:X) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,500 shares of the basic materials company’s stock, valued at approximately $299,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in X. Raymond James Financial Services Advisors Inc. lifted its stake in shares of United States Steel by 12,104.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 145,251 shares of the basic materials company’s stock valued at $3,727,000 after purchasing an additional 146,461 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of United States Steel in the 3rd quarter valued at approximately $426,000. Canada Pension Plan Investment Board lifted its stake in shares of United States Steel by 63.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 39,300 shares of the basic materials company’s stock valued at $1,008,000 after purchasing an additional 15,200 shares during the period. Stevens Capital Management LP purchased a new position in shares of United States Steel in the 3rd quarter valued at approximately $275,000. Finally, Prudential Financial Inc. lifted its stake in shares of United States Steel by 524.7% in the 3rd quarter. Prudential Financial Inc. now owns 668,811 shares of the basic materials company’s stock valued at $17,161,000 after purchasing an additional 561,758 shares during the period. Institutional investors and hedge funds own 68.27% of the company’s stock.
Shares of United States Steel stock traded down $2.12 on Friday, reaching $34.49. The company’s stock had a trading volume of 15,810,510 shares, compared to its average volume of 13,040,351. The firm has a market cap of $6,439.08, a price-to-earnings ratio of 17.78, a PEG ratio of 0.98 and a beta of 2.97. United States Steel Co. has a 52 week low of $18.55 and a 52 week high of $47.64. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81.
United States Steel (NYSE:X) last posted its earnings results on Wednesday, January 31st. The basic materials company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.09. The business 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 12.56% and a net margin of 3.16%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. equities research analysts forecast that United States Steel Co. will post 4.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 9th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, February 8th. United States Steel’s payout ratio is 10.31%.
In related news, VP Pipasu H. Soni sold 3,670 shares of United States Steel stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $38.41, for a total value of $140,964.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Anthony Mascarenas sold 3,531 shares of United States Steel stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $38.40, for a total value of $135,590.40. The disclosure for this sale can be found here. In the last three months, insiders sold 114,895 shares of company stock valued at $4,742,234. Corporate insiders own 1.01% of the company’s stock.
A number of research firms have recently commented on X. Bank of America cut United States Steel from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Friday, March 2nd. JPMorgan Chase raised their target price on United States Steel from $48.00 to $69.00 in a research note on Friday, March 9th. Argus reaffirmed a “buy” rating and set a $52.00 price objective (up previously from $41.00) on shares of United States Steel in a research report on Wednesday, February 21st. ValuEngine raised United States Steel from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Finally, Vertical Group lowered United States Steel from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. United States Steel has a consensus rating of “Hold” and an average price target of $40.11.
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United States Steel 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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