Blue Trust Inc. Acquires 7,773 Shares of POSCO $PKX

Key Points

• Blue Trust Inc. has increased its holdings in POSCO by 161.3%, acquiring an additional 7,773 shares, bringing their total to 12,592 shares valued at approximately $611,000.
• POSCO reported earnings of $0.35 per share for the last quarter, missing the consensus estimate by $0.17, with revenues of $12.66 billion compared to expected $13.21 billion.
• Brokerages have varied ratings for POSCO, with one analyst giving a Buy rating, one a Hold rating, and another a Sell rating, resulting in an average rating of "Hold."

Blue Trust Inc. increased its holdings in POSCO (NYSE:PKX - Free Report) by 161.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,592 shares of the basic materials company's stock after acquiring an additional 7,773 shares during the period. Blue Trust Inc.'s holdings in POSCO were worth $611,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PKX. Cerity Partners LLC lifted its position in shares of POSCO by 59.9% during the 1st quarter. Cerity Partners LLC now owns 23,417 shares of the basic materials company's stock worth $1,113,000 after buying an additional 8,776 shares in the last quarter. GAMMA Investing LLC grew its position in POSCO by 329.1% during the first quarter. GAMMA Investing LLC now owns 1,605 shares of the basic materials company's stock valued at $76,000 after buying an additional 1,231 shares during the period. Northern Trust Corp increased its holdings in POSCO by 5.0% during the first quarter. Northern Trust Corp now owns 450,873 shares of the basic materials company's stock worth $21,430,000 after buying an additional 21,609 shares during the last quarter. Compound Planning Inc. bought a new stake in POSCO in the first quarter worth about $321,000. Finally, Natixis Advisors LLC boosted its stake in POSCO by 60.6% in the first quarter. Natixis Advisors LLC now owns 16,441 shares of the basic materials company's stock valued at $781,000 after acquiring an additional 6,202 shares during the last quarter.

POSCO Price Performance

Shares of NYSE:PKX opened at $45.12 on Monday. The company has a 50 day moving average of $51.66 and a 200 day moving average of $49.75. The stock has a market cap of $13.69 billion, a P/E ratio of 55.70, a P/E/G ratio of 0.31 and a beta of 1.46. POSCO has a 12 month low of $39.40 and a 12 month high of $67.93. The company has a current ratio of 1.96, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26.

POSCO (NYSE:PKX - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.17). The firm had revenue of $12.66 billion during the quarter, compared to analysts' expectations of $13.21 billion. POSCO had a return on equity of 0.82% and a net margin of 0.69%. As a group, sell-side analysts forecast that POSCO will post 3.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PKX. Weiss Ratings restated a "sell (d+)" rating on shares of POSCO in a research note on Wednesday, October 8th. Wall Street Zen raised POSCO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. UBS Group raised POSCO from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Morgan Stanley raised POSCO from an "equal weight" rating to an "overweight" rating in a research report on Friday, July 4th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

POSCO Company Profile

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.

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