SG Americas Securities LLC Has $1.15 Million Holdings in United States Steel Corporation (NYSE:X)

SG Americas Securities LLC raised its stake in United States Steel Corporation (NYSE:X) by 493.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,163 shares of the basic materials company’s stock after buying an additional 22,588 shares during the quarter. SG Americas Securities LLC’s holdings in United States Steel were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in United States Steel by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company’s stock worth $698,791,000 after acquiring an additional 186,994 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of United States Steel by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company’s stock worth $315,790,000 after purchasing an additional 929,762 shares during the period. Donald Smith & CO. Inc. lifted its holdings in shares of United States Steel by 1.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company’s stock valued at $162,747,000 after purchasing an additional 68,230 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in United States Steel by 3.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company’s stock worth $162,242,000 after purchasing an additional 174,394 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in United States Steel by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company’s stock worth $131,313,000 after purchasing an additional 22,380 shares in the last quarter. Institutional investors own 81.92% of the company’s stock.

United States Steel Trading Down 0.0%

Shares of United States Steel stock opened at $54.85 on Wednesday. The stock has a market cap of $12.42 billion, a P/E ratio of 189.12, a P/E/G ratio of 2.21 and a beta of 1.87. The company has a quick ratio of 0.75, a current ratio of 1.45 and a debt-to-equity ratio of 0.36. United States Steel Corporation has a 12-month low of $26.92 and a 12-month high of $54.91. The business’s 50 day moving average is $46.08 and its 200-day moving average is $40.33.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.54 billion. United States Steel had a net margin of 0.64% and a return on equity of 1.69%. The business’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. Equities research analysts predict that United States Steel Corporation will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th were given a $0.05 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.36%. United States Steel’s payout ratio is 68.97%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on X. Jefferies Financial Group reiterated a “hold” rating and issued a $55.00 price target (up previously from $50.00) on shares of United States Steel in a report on Tuesday, May 27th. Wolfe Research reissued a “peer perform” rating on shares of United States Steel in a research note on Tuesday, May 27th. BMO Capital Markets restated a “market perform” rating and issued a $45.00 price target on shares of United States Steel in a report on Monday, March 31st. Morgan Stanley increased their price objective on United States Steel from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. upped their price target on United States Steel from $39.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.80.

United States Steel Profile

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.