Amundi Decreases Holdings in United States Steel Co. (NYSE:X)

Amundi decreased its holdings in United States Steel Co. (NYSE:X) by 84.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,998 shares of the basic materials company’s stock after selling 825,536 shares during the period. Amundi owned approximately 0.07% of United States Steel worth $4,917,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Oppenheimer & Co. Inc. bought a new position in United States Steel during the 3rd quarter worth approximately $608,000. KBC Group NV increased its stake in shares of United States Steel by 12.0% in the third quarter. KBC Group NV now owns 5,580 shares of the basic materials company’s stock worth $197,000 after buying an additional 596 shares during the period. Natixis Advisors LLC raised its holdings in United States Steel by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 31,284 shares of the basic materials company’s stock valued at $1,105,000 after buying an additional 1,455 shares during the last quarter. Gladius Capital Management LP purchased a new stake in United States Steel during the 3rd quarter valued at $39,000. Finally, Quest Partners LLC grew its holdings in United States Steel by 103.4% in the 3rd quarter. Quest Partners LLC now owns 27,248 shares of the basic materials company’s stock worth $963,000 after acquiring an additional 13,849 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.

United States Steel Price Performance

Shares of NYSE X opened at $38.94 on Friday. The company has a 50 day simple moving average of $37.09 and a two-hundred day simple moving average of $36.65. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $43.35. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.53 and a beta of 1.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55.

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 for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. Analysts expect that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, February 10th. United States Steel’s dividend payout ratio is presently 13.42%.

Analyst Ratings Changes

Several brokerages have recently commented on X. Bank of America began 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 for the company. JPMorgan Chase & Co. lifted their price objective on United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Jefferies Financial Group dropped their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Morgan Stanley upped their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. Finally, BMO Capital Markets cut their target price on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, United States Steel presently has a consensus rating of “Moderate Buy” and an average target price of $40.70.

About United States Steel

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.