Arnhold LLC Invests $12.41 Million in United States Steel Co. (NYSE:X)

Arnhold LLC acquired a new stake in United States Steel Co. (NYSE:X - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 365,058 shares of the basic materials company's stock, valued at approximately $12,408,000. United States Steel makes up 1.2% of Arnhold LLC's holdings, making the stock its 29th biggest holding. Arnhold LLC owned 0.16% of United States Steel as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in X. Vanguard Group Inc. raised its position in shares of United States Steel by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company's stock valued at $698,791,000 after buying an additional 186,994 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of United States Steel by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock valued at $315,790,000 after buying an additional 929,762 shares during the last quarter. Donald Smith & CO. Inc. raised its position in shares of United States Steel by 1.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock valued at $162,747,000 after buying an additional 68,230 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of United States Steel by 3.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company's stock valued at $162,242,000 after buying an additional 174,394 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of United States Steel by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock valued at $131,313,000 after buying an additional 22,380 shares during the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

United States Steel Stock Down 0.5 %

Shares of NYSE X traded down $0.23 during midday trading on Wednesday, hitting $43.58. The company's stock had a trading volume of 2,425,320 shares, compared to its average volume of 5,468,571. The business's fifty day simple moving average is $40.63 and its two-hundred day simple moving average is $38.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $46.18. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79.

United States Steel (NYSE:X - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, equities analysts predict that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. United States Steel's payout ratio is currently 13.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on X shares. Bank of America began coverage on shares of United States Steel in a research report on Monday, January 6th. They issued a "neutral" rating and a $35.00 target price for the company. Morgan Stanley upped their price objective on shares of United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a report on Friday, March 7th. Jefferies Financial Group dropped their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. reissued 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. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.94.

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.