RWC Asset Management LLP lifted its stake in United States Steel Co. (NYSE:X) by 11.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439,958 shares of the basic materials company’s stock after purchasing an additional 44,176 shares during the period. RWC Asset Management LLP’s holdings in United States Steel were worth $15,482,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. KBC Group NV boosted its holdings in United States Steel by 24.7% in the 4th quarter. KBC Group NV now owns 203,653 shares of the basic materials company’s stock worth $7,167,000 after buying an additional 40,349 shares during the period. Swiss National Bank boosted its holdings in United States Steel by 2.0% in the 4th quarter. Swiss National Bank now owns 298,000 shares of the basic materials company’s stock worth $10,487,000 after buying an additional 5,900 shares during the period. Teacher Retirement System of Texas boosted its holdings in United States Steel by 315.7% in the 4th quarter. Teacher Retirement System of Texas now owns 59,833 shares of the basic materials company’s stock worth $2,106,000 after buying an additional 45,439 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in United States Steel by 53.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 25,392 shares of the basic materials company’s stock worth $894,000 after buying an additional 8,791 shares during the period. Finally, Alps Advisors Inc. bought a new position in United States Steel in the 4th quarter worth $228,000. Hedge funds and other institutional investors own 64.31% of the company’s stock.

Several research analysts have commented on the stock. Credit Suisse Group increased their price objective on shares of United States Steel from $34.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Morgan Stanley dropped their price objective on shares of United States Steel from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Bank of America set a $32.00 price objective on shares of United States Steel and gave the company a “buy” rating in a report on Friday, October 20th. ValuEngine raised shares of United States Steel from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Citigroup raised shares of United States Steel from a “sell” rating to a “neutral” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $32.47.

In other United States Steel news, CEO David B. Burritt sold 36,072 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $39.95, for a total value of $1,441,076.40. Following the completion of the sale, the chief executive officer now directly owns 166,411 shares in the company, valued at $6,648,119.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard Fruehauf sold 5,959 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $30.00, for a total transaction of $178,770.00. Following the completion of the sale, the insider now owns 7,960 shares of the company’s stock, valued at $238,800. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,706 shares of company stock worth $4,653,456. Corporate insiders own 1.00% of the company’s stock.

Shares of United States Steel Co. (X) opened at $34.24 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.11. United States Steel Co. has a 1 year low of $18.55 and a 1 year high of $41.83. The firm has a market cap of $5,991.81, a PE ratio of 17.83, a P/E/G ratio of 1.08 and a beta of 3.08.

United States Steel (NYSE:X) last posted its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.09. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.10 billion. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. equities research analysts predict that United States Steel Co. will post 3.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, February 8th. United States Steel’s dividend payout ratio (DPR) is presently 9.17%.

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About United States Steel

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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Institutional Ownership by Quarter for United States Steel (NYSE:X)

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