Investment Centers of America Inc. lessened its holdings in shares of United States Steel Corporation (NYSE:X) by 67.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,990 shares of the basic materials company’s stock after selling 16,225 shares during the period. Investment Centers of America Inc.’s holdings in United States Steel were worth $207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in X. Schwab Charles Investment Management Inc. boosted its holdings in United States Steel by 7.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 702,685 shares of the basic materials company’s stock valued at $18,031,000 after purchasing an additional 47,039 shares during the last quarter. Barings LLC boosted its holdings in United States Steel by 18.5% in the 3rd quarter. Barings LLC now owns 17,290 shares of the basic materials company’s stock valued at $444,000 after purchasing an additional 2,700 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in United States Steel in the 3rd quarter valued at about $3,289,000. Teachers Retirement System of The State of Kentucky boosted its holdings in United States Steel by 16.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 37,620 shares of the basic materials company’s stock valued at $965,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in United States Steel by 0.9% in the 3rd quarter. Van ECK Associates Corp now owns 294,125 shares of the basic materials company’s stock valued at $7,547,000 after purchasing an additional 2,611 shares during the last quarter. 64.27% of the stock is owned by institutional investors.

Several equities analysts have weighed in on the stock. Standpoint Research lowered shares of United States Steel from a “buy” rating to a “reduce” rating in a report on Tuesday, September 5th. BMO Capital Markets boosted their target price on shares of United States Steel from $29.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. BidaskClub upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Cowen upgraded shares of United States Steel from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $20.00 to $28.00 in a report on Thursday, November 2nd. Finally, Jefferies Group reiterated a “buy” rating and issued a $32.00 target price on shares of United States Steel in a report on Thursday, August 31st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.34.

In other United States Steel news, Director Eugene Sperling bought 1,000 shares of United States Steel stock in a transaction on Friday, September 15th. The shares were bought at an average cost of $25.16 per share, for a total transaction of $25,160.00. Following the acquisition, the director now directly owns 3,009 shares in the company, valued at $75,706.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Bradley bought 22,835 shares of United States Steel stock in a transaction on Wednesday, September 6th. The shares were acquired at an average price of $27.62 per share, for a total transaction of $630,702.70. Following the completion of the acquisition, the chief financial officer now owns 30,415 shares in the company, valued at $840,062.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 60,597 shares of company stock worth $1,656,892. Company insiders own 1.00% of the company’s stock.

Shares of United States Steel Corporation (NYSE X) traded up $0.38 during mid-day trading on Friday, hitting $29.30. 14,414,353 shares of the stock traded hands, compared to its average volume of 8,035,836. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89. United States Steel Corporation has a 52-week low of $18.55 and a 52-week high of $41.83. The firm has a market cap of $5,060.84, a price-to-earnings ratio of 20.22 and a beta of 3.00.

United States Steel (NYSE:X) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.67 by $0.25. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the business posted $0.40 EPS. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. analysts forecast that United States Steel Corporation will post 1.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. United States Steel’s dividend payout ratio is currently 29.85%.

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United States Steel Company Profile

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

Institutional Ownership by Quarter for United States Steel (NYSE:X)

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