Banque Cantonale Vaudoise Purchases Shares of 8,100 POSCO Holdings Inc. (NYSE:PKX)

Banque Cantonale Vaudoise purchased a new stake in POSCO Holdings Inc. (NYSE:PKX – Get Rating) in the 4th quarter, HoldingsChannel reports. The fund purchased 8,100 shares of the basic materials company’s stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PKX. RWWM Inc. increased its stake in POSCO by 412.6% in the third quarter. RWWM Inc. now owns 569,113 shares of the basic materials company’s stock valued at $20,835,000 after purchasing an additional 458,086 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in POSCO in the third quarter valued at $8,019,000. BlackRock Inc. increased its stake in POSCO by 17.7% in the first quarter. BlackRock Inc. now owns 1,395,026 shares of the basic materials company’s stock valued at $82,683,000 after purchasing an additional 210,190 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in POSCO by 21.1% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 584,063 shares of the basic materials company’s stock valued at $21,383,000 after purchasing an additional 101,900 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in POSCO in the fourth quarter valued at $4,814,000. 3.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PKX has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut shares of POSCO from a “neutral” rating to an “underweight” rating in a report on Thursday, April 13th. Morgan Stanley cut shares of POSCO from an “overweight” rating to an “equal weight” rating in a report on Monday, April 3rd. Finally, StockNews.com upgraded shares of POSCO from a “hold” rating to a “buy” rating in a report on Friday.

POSCO Stock Down 1.1 %

Shares of NYSE PKX opened at $68.62 on Friday. POSCO Holdings Inc. has a 1 year low of $36.53 and a 1 year high of $80.03. The stock has a market capitalization of $20.76 billion, a P/E ratio of 7.39, a P/E/G ratio of 0.75 and a beta of 1.18. The company has a 50-day moving average price of $69.92 and a 200-day moving average price of $62.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.37.

About POSCO

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POSCO Holdings Inc engages in the production of steel products. It operates through the following divisions: Steel, Engineering & Construction and Trading. The Steel division produces cold rolled, hot rolled and stainless steel products, plates, wire rods and silicon steel sheets. The Engineering & Construction division engages in the planning, designing and construction of industrial plants, civil engineering projects, commercial and residential buildings.