US Bancorp DE Sells 435 Shares of POSCO Holdings Inc. (NYSE:PKX)

US Bancorp DE lessened its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,180 shares of the basic materials company’s stock after selling 435 shares during the quarter. US Bancorp DE’s holdings in POSCO were worth $643,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PKX. Ballentine Partners LLC boosted its holdings in POSCO by 9.6% in the third quarter. Ballentine Partners LLC now owns 6,710 shares of the basic materials company’s stock worth $470,000 after acquiring an additional 588 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of POSCO in the third quarter valued at $49,000. Blue Trust Inc. grew its holdings in shares of POSCO by 152.9% during the third quarter. Blue Trust Inc. now owns 17,250 shares of the basic materials company’s stock valued at $1,134,000 after buying an additional 10,428 shares during the last quarter. Seven Grand Managers LLC bought a new stake in shares of POSCO during the third quarter worth about $1,750,000. Finally, Creative Planning raised its holdings in shares of POSCO by 36.8% in the 3rd quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock worth $3,766,000 after acquiring an additional 14,485 shares during the last quarter.

POSCO Stock Down 4.7 %

POSCO stock opened at $56.79 on Monday. POSCO Holdings Inc. has a fifty-two week low of $56.37 and a fifty-two week high of $96.98. The firm’s 50-day simple moving average is $65.29 and its 200 day simple moving average is $66.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. The stock has a market cap of $17.24 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 0.70 and a beta of 1.44.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered POSCO from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd.

POSCO Company Profile

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.