Quadrant Capital Group LLC Sells 721 Shares of United States Steel Co. (NYSE:X)

Quadrant Capital Group LLC reduced its position in shares of United States Steel Co. (NYSE:X) by 22.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,482 shares of the basic materials company’s stock after selling 721 shares during the period. Quadrant Capital Group LLC’s holdings in United States Steel were worth $84,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in X. Ameliora Wealth Management Ltd. purchased a new stake in United States Steel in the fourth quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new position in shares of United States Steel in the 4th quarter worth $30,000. Parkworth Wealth Management Inc. purchased a new stake in shares of United States Steel during the 4th quarter valued at $31,000. Lee Danner & Bass Inc. bought a new stake in shares of United States Steel during the 4th quarter worth $32,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in United States Steel in the fourth quarter worth $34,000. Institutional investors own 81.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on X shares. Jefferies Financial Group lowered their price target on 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. Bank of America assumed coverage on United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $45.00 target price on shares of United States Steel in a research note on Monday, March 31st. JPMorgan Chase & Co. lifted their price target on shares of United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley upped their price objective on shares of United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.65.

United States Steel Stock Down 9.7 %

Shares of United States Steel stock opened at $40.78 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $46.18. The company’s 50 day moving average price is $39.80 and its 200-day moving average price is $37.62. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 1.53 and a beta of 1.79.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. Equities research analysts forecast that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is currently 13.42%.

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.