United States Steel Co. (NYSE:X) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its position in shares of United States Steel Co. (NYSE:X) by 39.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,964 shares of the basic materials company’s stock after selling 7,805 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in United States Steel were worth $407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its position in shares of United States Steel by 1.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company’s stock worth $162,747,000 after buying an additional 68,230 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of United States Steel by 3.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company’s stock worth $162,242,000 after buying an additional 174,394 shares during the last quarter. Discovery Capital Management LLC CT lifted its position in shares of United States Steel by 488.0% during the 4th quarter. Discovery Capital Management LLC CT now owns 556,800 shares of the basic materials company’s stock worth $18,926,000 after buying an additional 462,100 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of United States Steel by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company’s stock worth $131,313,000 after buying an additional 22,380 shares during the last quarter. Finally, Meridian Investment Counsel Inc. lifted its position in shares of United States Steel by 4.3% during the 4th quarter. Meridian Investment Counsel Inc. now owns 14,700 shares of the basic materials company’s stock worth $500,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on X shares. Bank of America started 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 objective for the company. Morgan Stanley upped their price target 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. JPMorgan Chase & Co. upped their price target on shares of United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Jefferies Financial Group reduced their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $45.00 price objective on shares of United States Steel in a research note on Monday, March 31st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, United States Steel currently has an average rating of “Moderate Buy” and a consensus price target of $40.65.

United States Steel Stock Performance

Shares of X opened at $44.96 on Thursday. 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 1 year low of $26.92 and a 1 year high of $46.18. The stock has a market capitalization of $10.18 billion, a P/E ratio of 30.17, a P/E/G ratio of 1.53 and a beta of 1.79. The company’s fifty day moving average is $39.71 and its two-hundred day moving average is $37.60.

United States Steel (NYSE:X) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share 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%. On average, sell-side analysts predict that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.44%. United States Steel’s dividend payout ratio (DPR) is currently 13.42%.

United States Steel Company 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.