Handelsbanken Fonder AB Grows Stock Holdings in United States Steel Corporation (NYSE:X)

Handelsbanken Fonder AB raised its holdings in United States Steel Corporation (NYSE:X - Free Report) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,000 shares of the basic materials company's stock after purchasing an additional 9,200 shares during the period. Handelsbanken Fonder AB's holdings in United States Steel were worth $1,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in United States Steel by 0.9% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP boosted 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 acquiring an additional 929,762 shares during the period. Donald Smith & CO. Inc. grew its stake in United States Steel by 1.4% during 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 acquiring an additional 68,230 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in United States Steel by 3.8% during 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 acquiring an additional 174,394 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in United States Steel by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock worth $131,313,000 after acquiring an additional 22,380 shares during the period. Institutional investors own 81.92% of the company's stock.

United States Steel Stock Up 0.2%

Shares of NYSE:X traded up $0.13 during midday trading on Wednesday, reaching $54.97. The company's stock had a trading volume of 876 shares, compared to its average volume of 6,471,536. The company has a quick ratio of 0.75, a current ratio of 1.45 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $46.08 and a 200-day moving average of $40.33. The firm has a market capitalization of $12.45 billion, a P/E ratio of 189.56, a PEG ratio of 2.21 and a beta of 1.87. United States Steel Corporation has a 12-month low of $26.92 and a 12-month high of $55.02.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.54 billion. United States Steel had a return on equity of 1.69% and a net margin of 0.64%. The firm's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. On average, research analysts anticipate that United States Steel Corporation will post 1.43 earnings per share for the current year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.20 annualized dividend and a yield of 0.36%. United States Steel's payout ratio is presently 68.97%.

Wall Street Analysts Forecast Growth

X has been the topic of several research analyst reports. Wolfe Research restated a "peer perform" rating on shares of United States Steel in a research report on Tuesday, May 27th. JPMorgan Chase & Co. lifted their price objective on shares of United States Steel from $39.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, June 2nd. Morgan Stanley increased their target price on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Jefferies Financial Group reaffirmed a "hold" rating and set a $55.00 price target (up previously from $50.00) on shares of United States Steel in a research note on Tuesday, May 27th. Finally, Glj Research lowered United States Steel from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $43.80.

United States Steel Company 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.