Pinkerton Retirement Specialists LLC Acquires Shares of 14,972 United States Steel Co. (NYSE:X)

Pinkerton Retirement Specialists LLC bought a new position in shares of United States Steel Co. (NYSE:X) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,972 shares of the basic materials company’s stock, valued at approximately $611,000.

A number of other institutional investors also recently modified their holdings of the company. SummerHaven Investment Management LLC increased its position in United States Steel by 0.9% during the 4th quarter. SummerHaven Investment Management LLC now owns 29,928 shares of the basic materials company’s stock valued at $1,456,000 after purchasing an additional 278 shares during the period. Parallel Advisors LLC raised its stake in United States Steel by 28.7% in the fourth quarter. Parallel Advisors LLC now owns 1,363 shares of the basic materials company’s stock worth $66,000 after buying an additional 304 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in United States Steel by 18.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,004 shares of the basic materials company’s stock worth $97,000 after buying an additional 313 shares during the period. Diversified Trust Co boosted its position in United States Steel by 4.0% during the 1st quarter. Diversified Trust Co now owns 8,373 shares of the basic materials company’s stock valued at $341,000 after acquiring an additional 324 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of United States Steel by 0.3% during the 4th quarter. Yousif Capital Management LLC now owns 112,000 shares of the basic materials company’s stock worth $5,449,000 after acquiring an additional 372 shares during the period. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

United States Steel Stock Performance

Shares of X stock traded up $0.34 during trading hours on Friday, reaching $38.18. The company had a trading volume of 3,675,467 shares, compared to its average volume of 2,571,676. The firm has a market cap of $8.58 billion, a PE ratio of 11.20 and a beta of 1.93. The business has a fifty day moving average price of $37.58 and a 200-day moving average price of $41.49. United States Steel Co. has a one year low of $22.26 and a one year high of $50.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.71.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.22 billion. United States Steel had a return on equity of 10.61% and a net margin of 4.89%. Sell-side analysts predict that United States Steel Co. will post 2.49 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Monday, May 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, May 10th. United States Steel’s dividend payout ratio is presently 5.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on X. JPMorgan Chase & Co. reduced their target price on shares of United States Steel from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday. Wolfe Research upgraded shares of United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price objective on the stock in a report on Tuesday, April 9th. StockNews.com initiated coverage on shares of United States Steel in a report on Thursday. They set a “hold” rating for the company. Jefferies Financial Group started coverage on United States Steel in a research note on Monday, May 20th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Morgan Stanley raised United States Steel from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $51.00 to $48.00 in a research report on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, United States Steel currently has an average rating of “Hold” and an average target price of $40.00.

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.