Dana Investment Advisors Inc. Sells 2,626 Shares of United States Steel Co. (NYSE:X)

Dana Investment Advisors Inc. lessened its holdings in United States Steel Co. (NYSE:X) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,653 shares of the basic materials company’s stock after selling 2,626 shares during the quarter. Dana Investment Advisors Inc.’s holdings in United States Steel were worth $3,805,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC lifted its position in shares of United States Steel by 0.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company’s stock worth $1,016,000 after buying an additional 241 shares during the period. Parallel Advisors LLC grew its position in United States Steel by 28.7% during the 4th quarter. Parallel Advisors LLC now owns 1,363 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 304 shares during the last quarter. Diversified Trust Co grew its holdings in shares of United States Steel by 4.0% during the first quarter. Diversified Trust Co now owns 8,373 shares of the basic materials company’s stock worth $341,000 after purchasing an additional 324 shares during the last quarter. Signaturefd LLC raised its stake in shares of United States Steel by 8.3% in the second quarter. Signaturefd LLC now owns 4,673 shares of the basic materials company’s stock worth $177,000 after acquiring an additional 360 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its position in shares of United States Steel by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 30,529 shares of the basic materials company’s stock worth $1,154,000 after purchasing an additional 405 shares in the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $42.00 in a research report on Monday, September 9th. BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Friday, September 6th. BMO Capital Markets upgraded shares of United States Steel from a “market perform” rating to an “outperform” rating and upped their target price for the company from $43.00 to $45.00 in a research report on Wednesday, June 26th. StockNews.com started coverage on shares of United States Steel in a research report on Monday, August 19th. They set a “hold” rating for the company. Finally, Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target for the company in a research note on Monday, September 9th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.62.

United States Steel Stock Down 1.0 %

Shares of United States Steel stock opened at $34.99 on Wednesday. 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. The company has a market capitalization of $7.87 billion, a P/E ratio of 10.26 and a beta of 1.88. The business has a 50-day moving average of $37.85 and a two-hundred day moving average of $38.22.

United States Steel (NYSE:X) last announced its earnings results on Thursday, August 1st. The basic materials company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The business’s quarterly revenue was down 17.8% on a year-over-year basis. During the same period last year, the company posted $1.92 EPS. As a group, equities analysts predict that United States Steel Co. will post 2.18 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 12th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.57%. The ex-dividend date was Monday, August 12th. United States Steel’s payout ratio is 5.87%.

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.