Mesirow Institutional Investment Management Inc. Acquires 15,653 Shares of United States Steel Co. (NYSE:X)

Mesirow Institutional Investment Management Inc. grew its position in shares of United States Steel Co. (NYSE:X - Free Report) by 22.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 84,965 shares of the basic materials company's stock after acquiring an additional 15,653 shares during the quarter. Mesirow Institutional Investment Management Inc.'s holdings in United States Steel were worth $2,888,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in United States Steel by 64.0% in the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after buying an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of United States Steel in the fourth quarter valued at about $27,000. ORG Wealth Partners LLC purchased a new position in United States Steel during the 4th quarter worth approximately $30,000. Parkworth Wealth Management Inc. purchased a new position in shares of United States Steel during the fourth quarter worth $31,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of United States Steel in the 4th quarter valued at about $32,000. Institutional investors own 81.92% of the company's stock.

United States Steel Price Performance

Shares of NYSE X traded up $0.39 during trading on Friday, hitting $42.65. The company had a trading volume of 5,065,528 shares, compared to its average volume of 5,469,772. The business's 50-day moving average is $40.43 and its 200 day moving average is $38.04. The company has a market cap of $9.66 billion, a P/E ratio of 28.62, a PEG ratio of 1.53 and a beta of 1.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $46.18.

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

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were paid 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 0.47%. United States Steel's dividend payout ratio is currently 13.42%.

Analysts Set New Price Targets

Several equities research analysts recently commented on X shares. BMO Capital Markets reissued a "market perform" rating and issued a $45.00 price target on shares of United States Steel in a report on Monday, March 31st. Morgan Stanley increased their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $38.00 target price (down from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. 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. Finally, Bank of America initiated coverage on shares of United States Steel in a research report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, United States Steel currently has a consensus rating of "Hold" and a consensus target price of $39.94.

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.