Rothschild Investment LLC Makes New Investment in United States Steel Co. (NYSE:X)

Rothschild Investment LLC acquired a new stake in United States Steel Co. (NYSE:X) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 677 shares of the basic materials company’s stock, valued at approximately $26,000.

Several other large investors have also made changes to their positions in X. Gabelli Funds LLC increased its position in shares of United States Steel by 436.4% during the fourth quarter. Gabelli Funds LLC now owns 214,300 shares of the basic materials company’s stock worth $10,426,000 after purchasing an additional 174,350 shares in the last quarter. Third Point LLC grew its holdings in shares of United States Steel by 15.8% during the fourth quarter. Third Point LLC now owns 5,500,000 shares of the basic materials company’s stock worth $267,575,000 after buying an additional 750,000 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of United States Steel in the fourth quarter valued at about $6,408,000. Janus Henderson Group PLC boosted its position in United States Steel by 94.3% during the first quarter. Janus Henderson Group PLC now owns 211,043 shares of the basic materials company’s stock worth $8,601,000 after acquiring an additional 102,450 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in United States Steel during the 4th quarter valued at about $219,000. 81.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BMO Capital Markets raised shares of United States Steel from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $45.00 in a research note on Wednesday, June 26th. Morgan Stanley boosted their price objective on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. cut their target price on United States Steel from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Jefferies Financial Group lowered their price target on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, StockNews.com began coverage on shares of United States Steel in a research report on Monday, August 19th. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.67.

United States Steel Trading Up 4.3 %

Shares of X stock opened at $31.27 on Friday. The company has a 50-day moving average of $38.75 and a two-hundred day moving average of $39.50. The firm has a market cap of $7.03 billion, a PE ratio of 9.17 and a beta of 1.88. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $50.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.14.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The firm’s quarterly revenue was down 17.8% on a year-over-year basis. During the same quarter last year, the company posted $1.92 EPS. On average, analysts predict that United States Steel Co. will post 2.19 EPS for the current year.

United States Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 12th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.64%. United States Steel’s dividend payout ratio is presently 5.87%.

United States Steel Company 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.