Boston Partners Sells 15,561 Shares of United States Steel Co. (NYSE:X)

Boston Partners decreased its position in shares of United States Steel Co. (NYSE:X) by 32.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,309 shares of the basic materials company’s stock after selling 15,561 shares during the quarter. Boston Partners’ holdings in United States Steel were worth $1,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in X. Ameliora Wealth Management Ltd. bought a new position in United States Steel in the fourth quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new position in shares of United States Steel in the 4th quarter valued at $30,000. Parkworth Wealth Management Inc. bought a new position in shares of United States Steel in the 4th quarter worth $31,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of United States Steel during the 4th quarter worth $34,000. Finally, Smithfield Trust Co boosted its position in United States Steel by 903.0% during the fourth quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 903 shares in the last quarter. Institutional investors own 81.92% of the company’s stock.

United States Steel Stock Performance

Shares of X stock opened at $40.90 on Friday. The business has a fifty day moving average of $37.88 and a 200 day moving average of $36.78. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $43.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86.

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

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is currently 13.42%.

Wall Street Analyst Weigh In

A number of brokerages have commented on X. Jefferies Financial Group reduced their target price on shares of 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 increased their target price on shares of United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday, March 7th. BMO Capital Markets lifted their price target on shares of United States Steel from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday. Bank of America started coverage on United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, United States Steel presently has an average rating of “Moderate Buy” and a consensus target price of $41.32.

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.