13,600 Shares in United States Steel Co. (NYSE:X) Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new stake in shares of United States Steel Co. (NYSE:X) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,600 shares of the basic materials company’s stock, valued at approximately $662,000.

A number of other large investors also recently made changes to their positions in the business. M&T Bank Corp increased its position in United States Steel by 10.6% in the 4th quarter. M&T Bank Corp now owns 11,348 shares of the basic materials company’s stock worth $552,000 after purchasing an additional 1,084 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in United States Steel by 21.6% in the 4th quarter. Natixis Advisors L.P. now owns 27,887 shares of the basic materials company’s stock worth $1,356,000 after purchasing an additional 4,956 shares during the last quarter. Donald Smith & CO. Inc. raised its stake in United States Steel by 11.0% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,513,531 shares of the basic materials company’s stock worth $219,583,000 after acquiring an additional 447,186 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of United States Steel by 0.9% in the 4th quarter. SummerHaven Investment Management LLC now owns 29,928 shares of the basic materials company’s stock valued at $1,456,000 after purchasing an additional 278 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in United States Steel by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 279,345 shares of the basic materials company’s stock valued at $13,590,000 after purchasing an additional 950 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Stock Up 4.3 %

NYSE:X traded up $1.57 during mid-day trading on Monday, hitting $38.04. 4,106,699 shares of the company’s stock were exchanged, compared to its average volume of 4,545,786. The business has a fifty day moving average price of $41.29 and a 200 day moving average price of $41.62. United States Steel Co. has a one year low of $20.40 and a one year high of $50.20. The company has a market cap of $8.55 billion, a PE ratio of 11.16 and a beta of 2.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.14.

United States Steel (NYSE:X) last announced its quarterly earnings data on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.46. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.73 billion. United States Steel had a return on equity of 10.61% and a net margin of 4.89%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 earnings per share. Equities analysts predict that United States Steel Co. will post 2.99 EPS for the current year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Monday, May 13th will be issued a $0.05 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.20 annualized dividend and a yield of 0.53%. United States Steel’s dividend payout ratio (DPR) is presently 5.87%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on X. Wolfe Research raised shares of United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price objective for the company in a report on Tuesday, April 9th. StockNews.com initiated coverage on shares of United States Steel in a report on Monday, April 29th. They set a “hold” rating on the stock. BMO Capital Markets reduced their target price on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research note on Tuesday, March 19th. JPMorgan Chase & Co. dropped their price target on United States Steel from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Morgan Stanley raised shares of United States Steel from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $51.00 to $48.00 in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.00.

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.