Massachusetts Financial Services Co. MA Raises Position in United States Steel Co. (NYSE:X)

Massachusetts Financial Services Co. MA lifted its stake in United States Steel Co. (NYSE:X) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,773,225 shares of the basic materials company’s stock after purchasing an additional 174,394 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.12% of United States Steel worth $162,242,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Captrust Financial Advisors lifted its stake in United States Steel by 4.8% in the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 321 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of United States Steel by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 366 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in United States Steel by 0.8% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company’s stock valued at $1,690,000 after acquiring an additional 412 shares during the period. GAMMA Investing LLC grew its position in United States Steel by 50.0% in the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 442 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its stake in United States Steel by 7.4% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $223,000 after purchasing an additional 449 shares during the period. Institutional investors own 81.92% of the company’s stock.

United States Steel Trading Down 1.7 %

Shares of NYSE:X opened at $38.30 on Friday. The company has a market capitalization of $8.67 billion, a PE ratio of 25.70, a P/E/G ratio of 1.53 and a beta of 1.86. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $44.87. The business’s fifty day simple moving average is $38.93 and its 200-day simple moving average is $37.37.

United States Steel (NYSE:X) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) 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%. As a group, equities research analysts predict that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, February 10th. United States Steel’s dividend payout ratio is currently 13.42%.

Wall Street Analyst Weigh In

X has been the topic of a number of research analyst reports. Bank of America initiated coverage on shares of United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley boosted their price target on United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a report on Friday, March 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $45.00 target price on shares of United States Steel in a research report on Monday, March 31st. Finally, Jefferies Financial Group dropped their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.32.

United States Steel 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.