Handelsinvest Investeringsforvaltning Acquires Shares of 7,219 United States Steel Co. (NYSE:X)

Handelsinvest Investeringsforvaltning purchased a new position in shares of United States Steel Co. (NYSE:XFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,219 shares of the basic materials company’s stock, valued at approximately $351,000.

Several other institutional investors have also modified their holdings of the company. Third Point LLC purchased a new stake in United States Steel during the 3rd quarter worth $154,280,000. Norges Bank bought a new position in shares of United States Steel in the fourth quarter valued at approximately $61,925,000. First Trust Advisors LP boosted its holdings in shares of United States Steel by 155.8% in the first quarter. First Trust Advisors LP now owns 3,309,824 shares of the basic materials company’s stock valued at $124,913,000 after acquiring an additional 2,015,980 shares in the last quarter. Laurion Capital Management LP bought a new stake in United States Steel during the third quarter worth approximately $50,912,000. Finally, KGH Ltd boosted its holdings in United States Steel by 38.6% during the second quarter. KGH Ltd now owns 4,173,769 shares of the basic materials company’s stock worth $104,386,000 after buying an additional 1,163,000 shares in the last quarter. Hedge funds and other institutional investors own 74.60% of the company’s stock.

United States Steel Trading Down 0.2 %

Shares of United States Steel stock opened at $39.68 on Thursday. The firm has a market capitalization of $8.92 billion, a PE ratio of 11.30 and a beta of 2.02. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $46.10 and its 200 day moving average is $39.79. United States Steel Co. has a 1 year low of $20.40 and a 1 year high of $50.20.

United States Steel (NYSE:XGet Free Report) last posted its earnings results on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.21 by $0.46. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.73 billion. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. Equities research analysts forecast that United States Steel Co. will post 3.19 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 12th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. United States Steel’s payout ratio is presently 5.70%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. BMO Capital Markets cut their target price on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. began coverage on shares of United States Steel in a research note on Friday, January 12th. They issued a “neutral” rating and a $52.00 target price on the stock. Morgan Stanley lowered shares of United States Steel from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $40.00 to $51.00 in a research report on Thursday, February 15th. Finally, StockNews.com began coverage on shares of United States Steel in a research report on Wednesday. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, United States Steel has a consensus rating of “Hold” and an average target price of $34.89.

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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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Institutional Ownership by Quarter for United States Steel (NYSE:X)

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