Charles Schwab Investment Management Inc. Increases Stock Position in United States Steel Co. (NYSE:X)

Charles Schwab Investment Management Inc. lifted its holdings in United States Steel Co. (NYSE:X) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,600,708 shares of the basic materials company’s stock after buying an additional 28,293 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.15% of United States Steel worth $91,883,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of X. O Shaughnessy Asset Management LLC grew its stake in shares of United States Steel by 41.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,589 shares of the basic materials company’s stock worth $269,000 after buying an additional 1,921 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of United States Steel by 94.3% in the first quarter. Janus Henderson Group PLC now owns 211,043 shares of the basic materials company’s stock worth $8,601,000 after acquiring an additional 102,450 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of United States Steel by 60.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 73,240 shares of the basic materials company’s stock worth $2,987,000 after purchasing an additional 27,494 shares during the last quarter. Redwood Investment Management LLC bought a new position in United States Steel in the 1st quarter worth about $677,000. Finally, Virtu Financial LLC purchased a new stake in United States Steel during the 1st quarter valued at about $1,162,000. 81.92% of the stock is currently owned by institutional investors.

United States Steel Stock Up 2.7 %

United States Steel stock opened at $39.63 on Wednesday. The stock has a market cap of $8.92 billion, a PE ratio of 26.07 and a beta of 1.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. The stock has a fifty day moving average of $37.95 and a 200 day moving average of $37.86. United States Steel Co. has a one year low of $26.92 and a one year high of $50.20.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The firm’s revenue was down 13.0% compared to the same quarter last year. As a group, sell-side analysts predict that United States Steel Co. will post 2.21 EPS for the current year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, November 8th. United States Steel’s payout ratio is 13.16%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Jefferies Financial Group decreased their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Morgan Stanley increased their target price on United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. BMO Capital Markets lowered their price target on United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. StockNews.com started coverage on United States Steel in a research report on Monday, August 19th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. raised United States Steel from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $40.00 to $42.00 in a research report on Monday, September 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.80.

United States Steel Company Profile

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.