MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of United States Steel Co. (NYSE:X - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,600,274 shares of the basic materials company's stock after purchasing an additional 95,800 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.71% of United States Steel worth $54,390,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Bessemer Group Inc. grew its holdings in shares of 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. Ameliora Wealth Management Ltd. acquired a new position in United States Steel in the fourth quarter worth approximately $27,000. Parkworth Wealth Management Inc. acquired a new stake in United States Steel in the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. bought a new stake in United States Steel in the fourth quarter worth $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in United States Steel during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 81.92% of the company's stock.
United States Steel Trading Down 0.9%
X stock traded down $0.37 during midday trading on Thursday, hitting $41.31. 2,824,943 shares of the company's stock were exchanged, compared to its average volume of 5,565,785. United States Steel Co. has a one year low of $26.92 and a one year high of $46.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The company has a market cap of $9.35 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. The stock's fifty day moving average price is $41.60 and its 200-day moving average price is $38.47.
United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings data 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 business 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 for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. 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 announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th will be given a $0.05 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.48%. United States Steel's payout ratio is presently 68.97%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Morgan Stanley boosted their target price on United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $38.00 target price (down previously from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a research note on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $39.22.
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About United States Steel
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Free Report)
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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