Polianta Ltd Increases Stock Position in United States Steel Co. (NYSE:X)

Polianta Ltd grew its stake in United States Steel Co. (NYSE:X) by 26.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 39,300 shares of the basic materials company’s stock after acquiring an additional 8,200 shares during the period. United States Steel comprises 0.6% of Polianta Ltd’s investment portfolio, making the stock its 22nd biggest holding. Polianta Ltd’s holdings in United States Steel were worth $1,335,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in United States Steel during the 4th quarter worth about $30,000. Palouse Capital Management Inc. purchased a new stake in United States Steel during the third quarter worth about $35,000. Gladius Capital Management LP acquired a new stake in shares of United States Steel during the third quarter worth about $39,000. GAMMA Investing LLC boosted its stake in shares of United States Steel by 50.0% in the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 442 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of United States Steel in the third quarter valued at approximately $59,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on X shares. Jefferies Financial Group decreased their target price on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday. Bank of America initiated coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 target price on the stock. Finally, BMO Capital Markets decreased their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, United States Steel has a consensus rating of “Moderate Buy” and an average price target of $41.07.

United States Steel Stock Up 0.7 %

Shares of NYSE:X opened at $36.05 on Friday. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $48.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. The stock has a market cap of $8.12 billion, a P/E ratio of 23.72 and a beta of 1.88. The firm has a fifty day moving average price of $35.61 and a 200 day moving average price of $37.18.

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 for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the firm earned $1.36 EPS. The firm’s revenue for the quarter was down 13.0% on a year-over-year basis. Sell-side analysts predict that United States Steel Co. will post 1.99 EPS for the current year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, November 8th. United States Steel’s dividend payout ratio (DPR) is 13.16%.

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.