POSCO Holdings Inc. (NYSE:PKX) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 157.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 429,264 shares of the basic materials company's stock after buying an additional 262,257 shares during the quarter. Northern Trust Corp owned 0.14% of POSCO worth $18,613,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PKX. Ameritas Advisory Services LLC boosted its position in POSCO by 13.0% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company's stock worth $243,000 after purchasing an additional 645 shares during the period. Ballentine Partners LLC grew its stake in shares of POSCO by 20.0% in the fourth quarter. Ballentine Partners LLC now owns 8,054 shares of the basic materials company's stock valued at $349,000 after buying an additional 1,344 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of POSCO by 4.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company's stock valued at $271,000 after buying an additional 249 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of POSCO by 49.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock valued at $97,000 after buying an additional 735 shares during the period. Finally, Blue Trust Inc. lifted its position in POSCO by 28.3% during the 4th quarter. Blue Trust Inc. now owns 22,137 shares of the basic materials company's stock worth $960,000 after acquiring an additional 4,887 shares in the last quarter.

POSCO Stock Down 1.2%

NYSE PKX traded down $0.52 on Friday, reaching $44.30. The company had a trading volume of 142,966 shares, compared to its average volume of 254,170. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35. POSCO Holdings Inc. has a 1 year low of $39.40 and a 1 year high of $74.33. The firm has a 50-day moving average of $47.28 and a 200-day moving average of $47.70. The firm has a market capitalization of $13.44 billion, a PE ratio of 20.32, a P/E/G ratio of 2.14 and a beta of 1.36.

POSCO (NYSE:PKX - Get Free Report) last announced its earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). POSCO had a net margin of 1.55% and a return on equity of 1.87%. The firm had revenue of $12 billion during the quarter, compared to analysts' expectations of $12.12 billion. On average, equities research analysts anticipate that POSCO Holdings Inc. will post 3.74 EPS for the current fiscal year.

About POSCO

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.