Two Sigma Advisers LP Has $114.63 Million Stock Holdings in United States Steel Co. (NYSE:X)

Two Sigma Advisers LP trimmed its stake in shares of United States Steel Co. (NYSE:X) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,392,100 shares of the basic materials company’s stock after selling 87,600 shares during the quarter. Two Sigma Advisers LP owned 1.94% of United States Steel worth $114,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of United States Steel by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,731,923 shares of the basic materials company’s stock worth $254,005,000 after purchasing an additional 389,689 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of United States Steel by 34.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,561,945 shares of the basic materials company’s stock worth $89,227,000 after purchasing an additional 920,120 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of United States Steel by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 3,423,901 shares of the basic materials company’s stock worth $87,172,000 after purchasing an additional 44,162 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of United States Steel by 155.8% in the 1st quarter. First Trust Advisors LP now owns 3,309,824 shares of the basic materials company’s stock worth $124,913,000 after purchasing an additional 2,015,980 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in United States Steel by 22.9% during the 4th quarter. AQR Capital Management LLC now owns 2,896,658 shares of the basic materials company’s stock worth $72,561,000 after acquiring an additional 539,880 shares during the last quarter. 74.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on X. Wolfe Research lowered shares of United States Steel from a “peer perform” rating to an “underperform” rating and set a $19.00 price objective on the stock. in a report on Thursday, June 1st. StockNews.com began coverage on shares of United States Steel in a report on Sunday. They set a “hold” rating on the stock. BNP Paribas lowered shares of United States Steel from an “outperform” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Wednesday, July 5th. JPMorgan Chase & Co. decreased their price objective on shares of United States Steel from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, July 14th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $25.00 price objective on shares of United States Steel in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, United States Steel has an average rating of “Hold” and an average price target of $26.00.

Insider Buying and Selling

In related news, SVP Scott D. Buckiso sold 8,970 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $31.16, for a total transaction of $279,505.20. Following the completion of the sale, the senior vice president now directly owns 106,854 shares of the company’s stock, valued at approximately $3,329,570.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Scott D. Buckiso sold 8,970 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $31.16, for a total transaction of $279,505.20. Following the completion of the sale, the senior vice president now directly owns 106,854 shares of the company’s stock, valued at approximately $3,329,570.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kenneth E. Jaycox sold 10,756 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $30.75, for a total value of $330,747.00. Following the sale, the senior vice president now directly owns 85,480 shares of the company’s stock, valued at $2,628,510. The disclosure for this sale can be found here. In the last three months, insiders sold 101,944 shares of company stock valued at $3,217,822. 0.98% of the stock is owned by corporate insiders.

United States Steel Stock Performance

Shares of NYSE:X opened at $31.05 on Monday. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 5.92 and a beta of 2.14. The firm’s 50 day simple moving average is $27.06 and its 200 day simple moving average is $25.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.92 and a quick ratio of 1.30. United States Steel Co. has a fifty-two week low of $17.89 and a fifty-two week high of $32.52.

United States Steel (NYSE:X) last announced its quarterly earnings results on Friday, July 28th. The basic materials company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.06. The business had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.11 billion. United States Steel had a net margin of 7.05% and a return on equity of 13.51%. United States Steel’s revenue for the quarter was down 20.4% on a year-over-year basis. During the same period last year, the company posted $3.86 EPS. As a group, sell-side analysts forecast that United States Steel Co. will post 3.96 earnings per share for the current year.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Monday, August 7th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, August 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. United States Steel’s payout ratio is 3.85%.

United States Steel Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.