Dynamic Technology Lab Private Ltd Decreases Holdings in United States Steel Co. (NYSE:X)

Dynamic Technology Lab Private Ltd trimmed its stake in shares of United States Steel Co. (NYSE:X) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,964 shares of the basic materials company’s stock after selling 7,805 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in United States Steel were worth $407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors lifted its stake in shares of 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 buying an additional 321 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of United States Steel by 23.2% in the third quarter. HighTower Advisors LLC now owns 33,268 shares of the basic materials company’s stock worth $1,188,000 after buying an additional 6,261 shares in the last quarter. M&T Bank Corp lifted its stake in shares of United States Steel by 7.4% in the third quarter. M&T Bank Corp now owns 11,659 shares of the basic materials company’s stock worth $412,000 after buying an additional 804 shares in the last quarter. Vestcor Inc lifted its stake in shares of United States Steel by 2,004.4% in the third quarter. Vestcor Inc now owns 50,000 shares of the basic materials company’s stock worth $1,767,000 after buying an additional 47,624 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of United States Steel by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock worth $135,691,000 after buying an additional 37,528 shares in the last quarter. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Price Performance

Shares of X opened at $44.96 on Thursday. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $46.18. The stock has a market cap of $10.18 billion, a PE ratio of 30.17, a P/E/G ratio of 1.53 and a beta of 1.79. The firm has a 50-day simple moving average of $39.71 and a two-hundred day simple moving average of $37.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.

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 for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. As a group, analysts forecast that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is currently 13.42%.

Analyst Upgrades and Downgrades

X has been the topic of a number of analyst reports. Jefferies Financial Group reduced their target price on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets reaffirmed a “market perform” rating and set a $45.00 target price on shares of United States Steel in a research note on Monday, March 31st. JPMorgan Chase & Co. lifted 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 note on Tuesday, March 11th. Bank of America initiated coverage on shares of United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, United States Steel currently has a consensus rating of “Moderate Buy” and an average price target of $40.65.

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.