CBIZ Investment Advisory Services LLC Takes $37,000 Position in United States Steel Co. (NYSE:X)

CBIZ Investment Advisory Services LLC purchased a new stake in United States Steel Co. (NYSE:X) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,100 shares of the basic materials company’s stock, valued at approximately $37,000.

A number of other institutional investors have also modified their holdings of the company. Monaco Asset Management SAM bought a new stake in shares of United States Steel in the 4th quarter valued at about $782,000. Commonwealth Equity Services LLC boosted its holdings in shares of United States Steel by 5.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 32,316 shares of the basic materials company’s stock valued at $1,098,000 after buying an additional 1,549 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of United States Steel by 7.4% in 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 in the last quarter. Swiss National Bank boosted its holdings in shares of United States Steel by 0.8% in the 4th quarter. Swiss National Bank now owns 442,400 shares of the basic materials company’s stock valued at $15,037,000 after buying an additional 3,500 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of United States Steel by 6.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 15,250 shares of the basic materials company’s stock valued at $518,000 after buying an additional 914 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on X shares. Bank of America began 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 on the stock. JPMorgan Chase & Co. increased their price objective 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. BMO Capital Markets decreased their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Morgan Stanley increased their price objective 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. Finally, Jefferies Financial Group decreased their price objective 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.70.

United States Steel Stock Performance

X opened at $38.94 on Friday. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $43.35. 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 firm has a market capitalization of $8.77 billion, a PE ratio of 26.13, a P/E/G ratio of 1.53 and a beta of 1.86. The firm has a 50 day moving average of $37.09 and a two-hundred day moving average of $36.65.

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 (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%. On average, analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. United States Steel’s payout ratio is 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.