International Assets Investment Management LLC Has $517,000 Position in United States Steel Co. (NYSE:X)

International Assets Investment Management LLC lessened its position in United States Steel Co. (NYSE:X) by 97.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,873 shares of the basic materials company’s stock after selling 555,453 shares during the quarter. International Assets Investment Management LLC’s holdings in United States Steel were worth $517,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Palouse Capital Management Inc. acquired a new stake in shares of United States Steel in the third quarter valued at about $35,000. Gladius Capital Management LP bought a new position in United States Steel in the third quarter valued at approximately $39,000. Ashton Thomas Private Wealth LLC bought a new position in United States Steel in the second quarter valued at approximately $46,000. GAMMA Investing LLC increased its position in shares of United States Steel by 50.0% during the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 442 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of United States Steel during the 3rd quarter worth approximately $59,000. Institutional investors own 81.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BMO Capital Markets decreased their target price on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Jefferies Financial Group decreased their price objective on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Bank of America started coverage on shares of United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.32.

United States Steel Stock Performance

Shares of X stock opened at $34.27 on Friday. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $48.85. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 22.55 and a beta of 1.88. The company has a 50-day simple moving average of $36.04 and a 200 day simple moving average of $37.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67.

United States Steel (NYSE:X) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The business’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 earnings per share. On average, sell-side analysts predict that United States Steel Co. will post 2.17 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, November 8th. United States Steel’s payout ratio is 13.16%.

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.