Blair William & Co. IL Sells 375 Shares of United States Steel Co. (NYSE:X)

Blair William & Co. IL decreased its position in United States Steel Co. (NYSE:X) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 45,917 shares of the basic materials company’s stock after selling 375 shares during the quarter. Blair William & Co. IL’s holdings in United States Steel were worth $1,561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in X. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of United States Steel by 21.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 35,839 shares of the basic materials company’s stock valued at $1,218,000 after acquiring an additional 6,244 shares in the last quarter. Turiya Advisors Asia Ltd bought a new position in United States Steel in the 4th quarter valued at $19,384,000. Vanguard Group Inc. grew 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 valued at $698,791,000 after purchasing an additional 186,994 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of United States Steel during the 4th quarter valued at $1,536,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of United States Steel during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Analyst Upgrades and Downgrades

X has been the subject of a number of research analyst reports. BMO Capital Markets restated a “market perform” rating and set a $45.00 price objective on shares of United States Steel in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Jefferies Financial Group reduced their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, January 6th. Morgan Stanley boosted their target price on United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, March 7th. Finally, Bank of America initiated coverage on United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price target for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, United States Steel presently has an average rating of “Moderate Buy” and a consensus price target of $41.32.

United States Steel Stock Performance

NYSE:X opened at $42.17 on Wednesday. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $44.87. The business’s fifty day moving average is $38.75 and its 200 day moving average is $37.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 1.53 and a beta of 1.86.

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

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a dividend of $0.05 per share. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. United States Steel’s dividend payout ratio (DPR) is currently 13.42%.

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.