Waldron Private Wealth LLC Lowers Stock Holdings in United States Steel Co. (NYSE:X)

Waldron Private Wealth LLC reduced its position in shares of United States Steel Co. (NYSE:X) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,170 shares of the basic materials company’s stock after selling 1,742 shares during the period. Waldron Private Wealth LLC’s holdings in United States Steel were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of X. Donald Smith & CO. Inc. raised its stake in shares of United States Steel by 7.4% in the third quarter. Donald Smith & CO. Inc. now owns 4,719,845 shares of the basic materials company’s stock valued at $166,752,000 after acquiring an additional 326,876 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of United States Steel by 26.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,598,831 shares of the basic materials company’s stock valued at $162,477,000 after acquiring an additional 964,467 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $135,691,000 after acquiring an additional 37,528 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in United States Steel by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company’s stock valued at $91,883,000 after buying an additional 28,293 shares in the last quarter. Finally, Castle Hook Partners LP acquired a new stake in United States Steel in the third quarter valued at $91,712,000. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Jefferies Financial Group cut their price target on 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 cut their price target on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. cut their price target on United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Bank of America assumed coverage on United States Steel in a research note on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.07.

United States Steel Price Performance

Shares of X opened at $36.93 on Monday. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $48.40. The stock’s 50 day moving average is $35.24 and its two-hundred day moving average is $37.03. The firm has a market capitalization of $8.32 billion, a PE ratio of 24.30 and a beta of 1.88. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 6.01% and a net margin of 2.41%. Research analysts anticipate that United States Steel Co. will post 1.84 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is 13.16%.

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.