Cerity Partners LLC Has $446,000 Stake in United States Steel Co. (NYSE:X)

Cerity Partners LLC increased its stake in shares of United States Steel Co. (NYSE:X) by 36.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,613 shares of the basic materials company’s stock after buying an additional 3,344 shares during the period. Cerity Partners LLC’s holdings in United States Steel were worth $446,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new position in United States Steel in the second quarter valued at about $26,000. Palouse Capital Management Inc. bought a new stake in shares of United States Steel during the 3rd quarter valued at $35,000. Gladius Capital Management LP acquired a new position in shares of United States Steel in the 3rd quarter valued at $39,000. Blue Trust Inc. boosted its position in shares of United States Steel by 339.0% in the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 773 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of United States Steel during the second quarter worth $46,000. Institutional investors own 81.92% of the company’s stock.

United States Steel Stock Down 1.0 %

Shares of United States Steel stock opened at $38.45 on Monday. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $50.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. The business’s 50 day simple moving average is $38.27 and its 200 day simple moving average is $38.00. The firm has a market cap of $8.66 billion, a PE ratio of 25.30 and a beta of 1.83.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the company earned $1.36 earnings per share. The firm’s revenue was down 13.0% compared to the same quarter last year. On average, analysts predict that United States Steel Co. will post 2.19 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. United States Steel’s dividend payout ratio is 13.16%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on X. Morgan Stanley raised their target price on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Friday, September 6th. Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target on the stock in a research report on Monday, September 9th. JPMorgan Chase & Co. upgraded shares of United States Steel from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $42.00 in a research report on Monday, September 9th. Finally, Jefferies Financial Group reduced their target price on United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, United States Steel currently has an average rating of “Moderate Buy” and an average target price of $42.80.

United States Steel Profile

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.