Massachusetts Financial Services Co. MA Grows Position in United States Steel Co. (NYSE:X)

Massachusetts Financial Services Co. MA grew its stake in United States Steel Co. (NYSE:X) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,773,225 shares of the basic materials company’s stock after buying an additional 174,394 shares during the period. Massachusetts Financial Services Co. MA’s holdings in United States Steel were worth $162,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Captrust Financial Advisors raised its stake in United States Steel by 4.8% in the 3rd quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company’s stock worth $248,000 after acquiring an additional 321 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of United States Steel by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company’s stock worth $234,000 after purchasing an additional 366 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in United States Steel by 0.8% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company’s stock worth $1,690,000 after buying an additional 412 shares during the last quarter. GAMMA Investing LLC lifted its position in United States Steel by 50.0% during the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 442 shares during the period. Finally, HBK Sorce Advisory LLC raised its stake in shares of United States Steel by 7.4% during the 4th quarter. HBK Sorce Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $223,000 after buying an additional 449 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

X has been the topic of several recent research reports. Jefferies Financial Group lowered their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets reissued a “market perform” rating and issued a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. JPMorgan Chase & Co. upped their target price on 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 assumed coverage on shares of United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target for the company. Finally, Morgan Stanley lifted their target price on shares of United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.32.

United States Steel Stock Performance

NYSE:X opened at $38.30 on Friday. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $44.87. The company has a market cap of $8.67 billion, a P/E ratio of 25.70, a P/E/G ratio of 1.53 and a beta of 1.86. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $38.93 and its 200-day moving average price is $37.37.

United States Steel (NYSE:X) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. On average, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is presently 13.42%.

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.