Pacer Advisors Inc. Acquires 14,405 Shares of United States Steel Co. (NYSE:X)

Pacer Advisors Inc. increased its holdings in shares of United States Steel Co. (NYSE:XFree Report) by 77.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,111 shares of the basic materials company’s stock after purchasing an additional 14,405 shares during the period. Pacer Advisors Inc.’s holdings in United States Steel were worth $1,611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wolff Wiese Magana LLC raised its position in United States Steel by 181.4% during the third quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 635 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in United States Steel during the fourth quarter worth about $28,000. Fifth Third Bancorp increased its position in United States Steel by 60.8% during the third quarter. Fifth Third Bancorp now owns 1,270 shares of the basic materials company’s stock worth $41,000 after buying an additional 480 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in United States Steel in the first quarter valued at approximately $48,000. Finally, Belpointe Asset Management LLC boosted its stake in shares of United States Steel by 71.7% during the 1st quarter. Belpointe Asset Management LLC now owns 1,962 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 819 shares during the period. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on X. JPMorgan Chase & Co. initiated coverage on shares of United States Steel in a report on Friday, January 12th. They issued a “neutral” rating and a $52.00 price objective on the stock. StockNews.com started coverage on United States Steel in a research report on Thursday. They issued a “hold” rating on the stock. BMO Capital Markets reduced their price target on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 19th. Finally, Morgan Stanley cut shares of United States Steel from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $40.00 to $51.00 in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.89.

View Our Latest Stock Report on X

United States Steel Trading Down 0.6 %

NYSE X opened at $40.78 on Monday. The business’s 50-day moving average price is $45.12 and its two-hundred day moving average price is $40.26. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $9.17 billion, a PE ratio of 11.62 and a beta of 2.02. United States Steel Co. has a 12 month low of $20.40 and a 12 month high of $50.20.

United States Steel (NYSE:XGet Free Report) last issued its quarterly earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.46. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company earned $0.87 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts expect that United States Steel Co. will post 3.23 EPS for the current year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 12th were given a dividend of $0.05 per share. The ex-dividend date was Friday, February 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. United States Steel’s payout ratio is 5.70%.

About United States Steel

(Free Report)

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.

See Also

Institutional Ownership by Quarter for United States Steel (NYSE:X)

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