Swiss National Bank Has $14.35 Million Holdings in United States Steel Co. (NYSE:X)

Swiss National Bank lessened its holdings in shares of United States Steel Co. (NYSE:X – Get Rating) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 572,800 shares of the basic materials company’s stock after selling 45,200 shares during the quarter. Swiss National Bank owned 0.25% of United States Steel worth $14,349,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. CWM LLC raised its stake in shares of United States Steel by 26.5% in the 4th quarter. CWM LLC now owns 1,682 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 352 shares during the period. Profund Advisors LLC raised its stake in shares of United States Steel by 2.9% in the 4th quarter. Profund Advisors LLC now owns 13,921 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 394 shares during the period. Captrust Financial Advisors raised its stake in shares of United States Steel by 1.5% in the 2nd quarter. Captrust Financial Advisors now owns 35,254 shares of the basic materials company’s stock valued at $631,000 after purchasing an additional 514 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of United States Steel by 2.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 24,788 shares of the basic materials company’s stock valued at $449,000 after purchasing an additional 586 shares during the period. Finally, Inspire Investing LLC raised its stake in shares of United States Steel by 5.3% in the 3rd quarter. Inspire Investing LLC now owns 12,431 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 631 shares during the period. Institutional investors and hedge funds own 75.02% of the company’s stock.

United States Steel Trading Down 0.4 %

United States Steel stock opened at $21.13 on Friday. United States Steel Co. has a 52 week low of $16.41 and a 52 week high of $31.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.88. The stock has a market capitalization of $4.79 billion, a P/E ratio of 3.14 and a beta of 2.13. The stock has a 50-day simple moving average of $24.95 and a 200 day simple moving average of $25.81.

United States Steel (NYSE:X – Get Rating) last posted its quarterly earnings results on Friday, April 28th. The basic materials company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.16. United States Steel had a return on equity of 19.66% and a net margin of 9.07%. The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter last year, the company posted $3.05 earnings per share. United States Steel’s quarterly revenue was down 14.6% on a year-over-year basis. Analysts expect that United States Steel Co. will post 4.1 earnings per share for the current year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 7th. Shareholders of record on Monday, May 8th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, May 5th. This represents a $0.20 annualized dividend and a yield of 0.95%. United States Steel’s dividend payout ratio (DPR) is presently 2.97%.

Insiders Place Their Bets

In related news, Director Andrea J. Ayers acquired 1,000 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was purchased at an average cost of $31.45 per share, for a total transaction of $31,450.00. Following the completion of the transaction, the director now directly owns 5,014 shares of the company’s stock, valued at approximately $157,690.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Richard Fruehauf sold 37,500 shares of United States Steel stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $31.38, for a total value of $1,176,750.00. Following the completion of the sale, the senior vice president now directly owns 57,826 shares in the company, valued at $1,814,579.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrea J. Ayers purchased 1,000 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was acquired at an average price of $31.45 per share, with a total value of $31,450.00. Following the completion of the transaction, the director now owns 5,014 shares of the company’s stock, valued at approximately $157,690.30. The disclosure for this purchase can be found here. Company insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

X has been the topic of several recent research reports. UBS Group dropped their price target on United States Steel from $27.00 to $25.00 in a research note on Friday, May 5th. BMO Capital Markets decreased their price objective on United States Steel from $30.00 to $27.00 in a report on Monday, May 1st. Morgan Stanley raised their price objective on United States Steel from $20.00 to $31.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th. Wolfe Research upgraded United States Steel from an “underperform” rating to a “market perform” rating in a report on Monday, March 20th. Finally, StockNews.com started coverage on United States Steel in a report on Thursday, March 16th. They issued a “hold” rating for the company. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.71.

United States Steel Company Profile

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United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke.