LS Investment Advisors LLC decreased its position in United States Steel Co. (NYSE:X) by 19.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,824 shares of the basic materials company’s stock after selling 2,532 shares during the period. LS Investment Advisors LLC’s holdings in United States Steel were worth $381,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of X. Amerigo Asset Management purchased a new stake in United States Steel during the third quarter worth about $158,558,000. Prudential Financial Inc. boosted its holdings in United States Steel by 524.7% during the third quarter. Prudential Financial Inc. now owns 668,811 shares of the basic materials company’s stock worth $17,161,000 after buying an additional 561,758 shares in the last quarter. CI Investments Inc. purchased a new stake in United States Steel during the third quarter worth about $9,402,000. State Street Corp boosted its holdings in United States Steel by 6.2% during the second quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock worth $130,394,000 after buying an additional 341,591 shares in the last quarter. Finally, Anchor Bolt Capital LP purchased a new stake in United States Steel during the third quarter worth about $6,610,000. 64.31% of the stock is currently owned by institutional investors and hedge funds.
United States Steel Co. (X) opened at $44.75 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81. The stock has a market cap of $7,830.00, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.41 and a beta of 3.08. United States Steel Co. has a 52-week low of $18.55 and a 52-week high of $45.44.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, February 8th. United States Steel’s dividend payout ratio is presently 9.17%.
A number of analysts recently commented on the stock. Vertical Group assumed coverage on shares of United States Steel in a report on Tuesday, January 30th. They set a “sell” rating and a $25.00 price objective on the stock. Credit Suisse Group lifted their target price on shares of United States Steel from $34.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Citigroup upgraded shares of United States Steel from a “sell” rating to a “neutral” rating in a research report on Monday, January 22nd. Bank of America set a $46.00 target price on shares of United States Steel and gave the stock a “buy” rating in a research report on Monday, January 8th. Finally, Cowen restated a “hold” rating and set a $40.00 target price on shares of United States Steel in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $32.47.
In other news, CEO David B. Burritt sold 36,072 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $39.95, for a total value of $1,441,076.40. Following the completion of the transaction, the chief executive officer now owns 166,411 shares of the company’s stock, valued at $6,648,119.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Colleen M. Darragh sold 9,700 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $30.00, for a total transaction of $291,000.00. Following the completion of the transaction, the vice president now directly owns 19,136 shares of the company’s stock, valued at approximately $574,080. The disclosure for this sale can be found here. In the last three months, insiders sold 128,706 shares of company stock valued at $4,653,456. Company insiders own 1.00% of the company’s stock.
About United States Steel
United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).
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