Algert Global LLC Boosts Holdings in United States Steel Co. (NYSE:X)

Algert Global LLC lifted its position in shares of United States Steel Co. (NYSE:X - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,113 shares of the basic materials company's stock after purchasing an additional 20,399 shares during the period. Algert Global LLC owned about 0.06% of United States Steel worth $4,966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. increased its holdings in United States Steel by 64.0% during the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after purchasing an additional 277 shares during the last quarter. Ameliora Wealth Management Ltd. bought a new stake in shares of United States Steel in the fourth quarter worth $27,000. ORG Wealth Partners LLC acquired a new stake in United States Steel in the fourth quarter valued at $30,000. Parkworth Wealth Management Inc. acquired a new stake in United States Steel in the fourth quarter valued at $31,000. Finally, Lee Danner & Bass Inc. bought a new position in United States Steel during the 4th quarter valued at $32,000. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of United States Steel in a research note on Monday, January 6th. They issued a "neutral" rating and a $35.00 target price on the stock. BMO Capital Markets reaffirmed a "market perform" rating and set a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. Jefferies Financial Group lowered their price target on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, January 6th. Morgan Stanley upped their price target on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $38.00 price objective (down previously from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, United States Steel presently has a consensus rating of "Hold" and a consensus target price of $39.22.

United States Steel Stock Down 2.6 %

X stock opened at $42.90 on Tuesday. The stock has a market cap of $9.71 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. The firm's 50-day simple moving average is $41.10 and its 200 day simple moving average is $38.34. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $46.18. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the firm posted $0.82 EPS. The business's quarterly revenue was down 10.4% on a year-over-year basis. As a group, sell-side analysts predict that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. United States Steel's payout ratio is 68.97%.

About United States Steel

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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