Dana Investment Advisors Inc. Has $4.12 Million Stake in United States Steel Co. (NYSE:X)

Dana Investment Advisors Inc. lowered its position in United States Steel Co. (NYSE:X) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 121,106 shares of the basic materials company’s stock after selling 5,117 shares during the quarter. Dana Investment Advisors Inc.’s holdings in United States Steel were worth $4,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of X. Ameliora Wealth Management Ltd. bought a new stake in United States Steel during the 4th quarter worth about $27,000. ORG Wealth Partners LLC acquired a new position in shares of United States Steel during the fourth quarter worth approximately $30,000. Newbridge Financial Services Group Inc. bought a new stake in shares of United States Steel during the fourth quarter valued at approximately $34,000. Smithfield Trust Co increased its holdings in shares of United States Steel by 903.0% in the fourth quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 903 shares in the last quarter. Finally, Gladius Capital Management LP bought a new position in United States Steel in the 3rd quarter worth approximately $39,000. 81.92% of the stock is owned by institutional investors and hedge funds.

United States Steel Stock Performance

X opened at $37.21 on Friday. The firm has a market capitalization of $8.38 billion, a PE ratio of 24.97, a PEG ratio of 1.53 and a beta of 1.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $47.79. The business’s 50-day simple moving average is $36.49 and its 200 day simple moving average is $36.70.

United States Steel (NYSE:X) last released its quarterly earnings data 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, sell-side analysts expect that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel’s payout ratio is currently 13.42%.

Wall Street Analyst Weigh In

A number of brokerages have commented on X. BMO Capital Markets decreased their price objective on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Morgan Stanley reiterated an “equal weight” rating and issued a $39.00 price objective on shares of United States Steel in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Bank of America began coverage on shares of United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price target for the company. Finally, Jefferies Financial Group cut their price objective on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.82.

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.