POSCO $PKX Stake Raised by Northern Trust Corp

Northern Trust Corp increased its holdings in POSCO (NYSE:PKX) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,873 shares of the basic materials company’s stock after acquiring an additional 21,609 shares during the period. Northern Trust Corp owned about 0.15% of POSCO worth $21,430,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Lindbrook Capital LLC lifted its stake in POSCO by 10.2% in the 1st quarter. Lindbrook Capital LLC now owns 3,412 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 316 shares in the last quarter. Gilman Hill Asset Management LLC raised its stake in shares of POSCO by 2.5% during the 1st quarter. Gilman Hill Asset Management LLC now owns 21,564 shares of the basic materials company’s stock worth $1,025,000 after purchasing an additional 535 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of POSCO by 6.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,748 shares of the basic materials company’s stock worth $511,000 after purchasing an additional 681 shares in the last quarter. DMC Group LLC raised its stake in shares of POSCO by 11.2% during the 1st quarter. DMC Group LLC now owns 8,884 shares of the basic materials company’s stock worth $422,000 after purchasing an additional 895 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of POSCO by 27.1% during the 1st quarter. Blue Trust Inc. now owns 4,819 shares of the basic materials company’s stock worth $229,000 after purchasing an additional 1,027 shares in the last quarter.

POSCO Stock Performance

Shares of NYSE PKX opened at $51.71 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.89. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of 63.84, a P/E/G ratio of 0.36 and a beta of 1.41. The business’s 50-day simple moving average is $54.86 and its 200-day simple moving average is $49.70. POSCO has a 52 week low of $39.40 and a 52 week high of $74.01.

POSCO (NYSE:PKX) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). The company had revenue of $12.66 billion for the quarter, compared to analyst estimates of $13.21 billion. POSCO had a net margin of 0.69% and a return on equity of 0.81%. As a group, equities research analysts expect that POSCO will post 3.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PKX. UBS Group raised POSCO from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 21st. Morgan Stanley raised POSCO from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 4th. Finally, Wall Street Zen raised POSCO from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, POSCO presently has a consensus rating of “Moderate Buy”.

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.