Mitsubishi UFJ Trust & Banking Corp Has $206,000 Holdings in United States Steel Co. (NYSE:X)
Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of United States Steel Co. (NYSE:X – Free Report) by 91.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,917 shares of the basic materials company’s stock after selling 54,916 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in United States Steel were worth $206,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of United States Steel by 308.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 331,492 shares of the basic materials company’s stock valued at $16,127,000 after purchasing an additional 250,311 shares during the period. Gabelli Funds LLC boosted its position in shares of United States Steel by 436.4% during the 4th quarter. Gabelli Funds LLC now owns 214,300 shares of the basic materials company’s stock worth $10,426,000 after acquiring an additional 174,350 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of United States Steel by 4,057.9% during the 4th quarter. International Assets Investment Management LLC now owns 747,553 shares of the basic materials company’s stock worth $36,368,000 after acquiring an additional 729,574 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of United States Steel during the 4th quarter worth approximately $3,045,000. Finally, Third Point LLC boosted its position in United States Steel by 15.8% in the fourth quarter. Third Point LLC now owns 5,500,000 shares of the basic materials company’s stock valued at $267,575,000 after buying an additional 750,000 shares in the last quarter. 81.92% of the stock is owned by institutional investors.
United States Steel Stock Performance
Shares of X stock opened at $40.72 on Friday. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 11.94 and a beta of 1.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.71. United States Steel Co. has a 52 week low of $22.26 and a 52 week high of $50.20. The firm’s 50-day simple moving average is $37.80 and its two-hundred day simple moving average is $41.24.
United States Steel (NYSE:X – Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. United States Steel had a net margin of 4.89% and a return on equity of 10.61%. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.22 billion. As a group, equities analysts forecast that United States Steel Co. will post 2.38 earnings per share for the current year.
United States Steel Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Monday, May 13th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, May 10th. United States Steel’s dividend payout ratio (DPR) is presently 5.87%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on X shares. Morgan Stanley raised shares of United States Steel from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $51.00 to $48.00 in a research note on Monday, May 6th. StockNews.com started coverage on shares of United States Steel in a research note on Friday. They set a “hold” rating for the company. BMO Capital Markets raised shares of United States Steel from a “market perform” rating to an “outperform” rating and raised their price target for the company from $43.00 to $45.00 in a research note on Wednesday, June 26th. JPMorgan Chase & Co. dropped their price target on shares of United States Steel from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Finally, Jefferies Financial Group started coverage on shares of United States Steel in a research note on Monday, May 20th. They set a “buy” rating and a $45.00 target price for the company. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.00.
Read Our Latest Stock Analysis on United States Steel
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.
Recommended Stories
Want to see what other hedge funds are holding X? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Steel Co. (NYSE:X – Free Report).
Receive News & Ratings for United States Steel Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for United States Steel and related companies with MarketBeat.com’s FREE daily email newsletter.
