Commonwealth Equity Services LLC Has $2.33 Million Holdings in United States Steel Co. (NYSE:X)

Commonwealth Equity Services LLC reduced its holdings in shares of United States Steel Co. (NYSE:X) by 1.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,113 shares of the basic materials company’s stock after selling 1,751 shares during the quarter. Commonwealth Equity Services LLC’s holdings in United States Steel were worth $2,325,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Captrust Financial Advisors lifted its position in United States Steel by 1.5% during the second quarter. Captrust Financial Advisors now owns 35,254 shares of the basic materials company’s stock worth $631,000 after acquiring an additional 514 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in United States Steel by 24.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the basic materials company’s stock valued at $76,000 after buying an additional 592 shares in the last quarter. Harbour Investments Inc. increased its position in United States Steel by 4.5% during the 4th quarter. Harbour Investments Inc. now owns 18,294 shares of the basic materials company’s stock worth $458,000 after buying an additional 793 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of United States Steel by 37.0% during the first quarter. Global Retirement Partners LLC now owns 2,946 shares of the basic materials company’s stock worth $64,000 after buying an additional 795 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of United States Steel by 1.4% in the first quarter. Arizona State Retirement System now owns 67,880 shares of the basic materials company’s stock valued at $1,772,000 after acquiring an additional 939 shares in the last quarter. 74.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on X shares. Morgan Stanley restated an “equal weight” rating and set a $25.00 target price on shares of United States Steel in a research report on Tuesday, August 1st. BNP Paribas downgraded shares of United States Steel from an “outperform” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research note on Wednesday, July 5th. StockNews.com started coverage on shares of United States Steel in a research report on Saturday, September 2nd. They set a “hold” rating on the stock. JPMorgan Chase & Co. reduced their target price on United States Steel from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, July 14th. Finally, BMO Capital Markets decreased their target price on United States Steel from $27.00 to $26.00 in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, United States Steel currently has a consensus rating of “Hold” and an average price target of $26.00.

Insider Buying and Selling at United States Steel

In other news, SVP Scott D. Buckiso sold 8,970 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $31.16, for a total value of $279,505.20. Following the completion of the sale, the senior vice president now owns 106,854 shares in the company, valued at $3,329,570.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Scott D. Buckiso sold 8,970 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $31.16, for a total value of $279,505.20. Following the transaction, the senior vice president now directly owns 106,854 shares of the company’s stock, valued at approximately $3,329,570.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kenneth E. Jaycox sold 10,756 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $30.75, for a total transaction of $330,747.00. Following the transaction, the senior vice president now directly owns 85,480 shares of the company’s stock, valued at $2,628,510. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,944 shares of company stock worth $3,217,822. Insiders own 0.98% of the company’s stock.

United States Steel Trading Down 0.5 %

NYSE X opened at $31.02 on Thursday. United States Steel Co. has a one year low of $17.89 and a one year high of $32.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.92 and a quick ratio of 1.30. The business has a 50 day simple moving average of $26.83 and a 200 day simple moving average of $25.35. The stock has a market capitalization of $6.92 billion, a P/E ratio of 5.97 and a beta of 2.14.

United States Steel (NYSE:X) last announced its quarterly earnings data on Friday, July 28th. The basic materials company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.06. United States Steel had a net margin of 7.05% and a return on equity of 13.51%. The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same quarter in the prior year, the business earned $3.86 earnings per share. The business’s quarterly revenue was down 20.4% compared to the same quarter last year. Research analysts expect that United States Steel Co. will post 3.97 earnings per share for the current year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Monday, August 7th will be issued a $0.05 dividend. The ex-dividend date is Friday, August 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. United States Steel’s dividend payout ratio is presently 3.85%.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.