United States Steel Co. (NYSE:X) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in United States Steel Co. (NYSE:X) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,730 shares of the basic materials company’s stock after acquiring an additional 412 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in United States Steel were worth $1,690,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. D.A. Davidson & CO. raised its stake in United States Steel by 0.7% in the 3rd quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company’s stock worth $1,570,000 after acquiring an additional 301 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of United States Steel by 4.8% in the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 321 shares during the last quarter. CIBC Asset Management Inc lifted its holdings 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 worth $234,000 after purchasing an additional 366 shares during the period. GAMMA Investing LLC lifted its holdings in shares of United States Steel by 50.0% during the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 442 shares during the period. Finally, HBK Sorce Advisory LLC boosted its position in United States Steel by 7.4% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $223,000 after buying an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on X shares. Bank of America began coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective for the company. Morgan Stanley upped their price objective on 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. lifted their target price on shares of United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Jefferies Financial Group dropped their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets upped their price objective on shares of United States Steel from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, March 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, United States Steel presently has an average rating of “Moderate Buy” and a consensus price target of $41.32.

United States Steel Stock Up 4.8 %

X opened at $43.14 on Wednesday. The company has a market cap of $9.72 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $43.35. The company has a 50-day moving average price of $38.11 and a 200 day moving average price of $36.99. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last posted its quarterly earnings data 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%. Sell-side analysts expect that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.46%. United States Steel’s dividend payout ratio (DPR) is presently 13.42%.

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.