David J. Rintoul Sells 10,883 Shares of United States Steel Co. (X) Stock
United States Steel Co. (NYSE:X) SVP David J. Rintoul sold 10,883 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $33.50, for a total value of $364,580.50. Following the transaction, the senior vice president now owns 61,279 shares in the company, valued at approximately $2,052,846.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of United States Steel Co. (X) opened at $32.84 on Thursday. United States Steel Co. has a 12-month low of $18.55 and a 12-month high of $41.83. The firm has a market capitalization of $5,774.82, a PE ratio of 23.08 and a beta of 3.00. 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 (NYSE:X) last issued its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.25. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.07 billion. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. equities analysts expect that United States Steel Co. will post 1.79 EPS for the current year.
Several equities analysts have recently commented on the company. Axiom Securities upgraded United States Steel from a “sell” rating to a “hold” rating and cut their price target for the company from $41.83 to $18.55 in a research note on Monday. ValuEngine upgraded United States Steel from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Bank of America set a $32.00 price target on United States Steel and gave the company a “buy” rating in a research note on Friday, October 20th. Macquarie initiated coverage on United States Steel in a research note on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price target on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of United States Steel in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.61.
A number of hedge funds and other institutional investors have recently modified their holdings of X. Enterprise Financial Services Corp acquired a new stake in United States Steel in the third quarter worth about $120,000. Global X Management Co. LLC boosted its holdings in United States Steel by 221.0% in the second quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 3,768 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in United States Steel by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after acquiring an additional 674 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new stake in United States Steel in the third quarter worth about $205,000. Finally, Sigma Planning Corp boosted its holdings in United States Steel by 21.3% in the second quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 1,696 shares in the last quarter. 64.27% of the stock is owned by institutional investors and hedge funds.
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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).
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