O Shaughnessy Asset Management LLC Reduces Stock Position in United States Steel Co. (NYSE:X)

O Shaughnessy Asset Management LLC decreased its holdings in United States Steel Co. (NYSE:X) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,830 shares of the basic materials company’s stock after selling 1,573 shares during the period. O Shaughnessy Asset Management LLC’s holdings in United States Steel were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in United States Steel by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company’s stock worth $698,791,000 after buying an additional 186,994 shares during the period. Norges Bank bought a new position in United States Steel in the 4th quarter worth about $130,731,000. Geode Capital Management LLC increased its position in shares of United States Steel by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock worth $135,691,000 after acquiring an additional 37,528 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of United States Steel by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,635,715 shares of the basic materials company’s stock valued at $89,588,000 after acquiring an additional 35,007 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of United States Steel by 0.5% in the fourth quarter. Rhumbline Advisers now owns 624,008 shares of the basic materials company’s stock valued at $21,210,000 after purchasing an additional 3,019 shares during the period. 81.92% of the stock is currently owned by institutional investors.

United States Steel Stock Down 1.9 %

United States Steel stock opened at $40.10 on Monday. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $46.18. The business has a fifty day moving average price of $39.85 and a 200-day moving average price of $37.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.53 and a beta of 1.79.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. Equities research analysts forecast that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. United States Steel’s payout ratio is currently 13.42%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group reduced their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $45.00 price objective on shares of United States Steel in a research note on Monday, March 31st. Morgan Stanley raised their target price on shares of United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday, March 7th. Finally, Bank of America initiated coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.65.

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.