Northern Trust Corp Increases Holdings in United States Steel Co. (NYSE:X)

Northern Trust Corp grew its holdings in United States Steel Co. (NYSE:X - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,994,447 shares of the basic materials company's stock after buying an additional 418,109 shares during the quarter. Northern Trust Corp owned approximately 0.89% of United States Steel worth $67,791,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in United States Steel by 64.0% during the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 277 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of United States Steel by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company's stock valued at $234,000 after purchasing an additional 366 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in United States Steel by 0.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company's stock worth $1,690,000 after purchasing an additional 412 shares during the period. Covestor Ltd raised its holdings in United States Steel by 17.2% in the fourth quarter. Covestor Ltd now owns 2,891 shares of the basic materials company's stock worth $98,000 after purchasing an additional 424 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of United States Steel by 50.0% during the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock valued at $45,000 after buying an additional 442 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on X shares. Jefferies Financial Group lowered their price target on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $38.00 price target (down from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Bank of America began coverage on United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price objective for the company. BMO Capital Markets reissued a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. Finally, Morgan Stanley raised their price target on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Monday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $39.22.

United States Steel Trading Down 2.6 %

United States Steel stock opened at $42.90 on Tuesday. United States Steel Co. has a one year low of $26.92 and a one year high of $46.18. The business's fifty day moving average is $41.10 and its 200 day moving average is $38.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The stock has a market capitalization of $9.71 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82.

United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.54 billion. United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The business's revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. On average, sell-side analysts predict that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. United States Steel's dividend payout ratio (DPR) is currently 68.97%.

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.

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