Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in United States Steel Co. (NYSE:X)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in United States Steel Co. (NYSE:X) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,730 shares of the basic materials company’s stock after buying an additional 412 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in United States Steel were worth $1,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in United States Steel by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock valued at $135,691,000 after buying an additional 37,528 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of United States Steel by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,635,715 shares of the basic materials company’s stock valued at $89,588,000 after acquiring an additional 35,007 shares during the period. Castle Hook Partners LP bought a new stake in shares of United States Steel in the 3rd quarter worth about $91,712,000. Holocene Advisors LP purchased a new position in shares of United States Steel during the 3rd quarter worth about $51,620,000. Finally, Rhumbline Advisers grew its holdings in United States Steel by 0.5% during the 4th quarter. Rhumbline Advisers now owns 624,008 shares of the basic materials company’s stock valued at $21,210,000 after purchasing an additional 3,019 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. Jefferies Financial Group dropped their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, January 6th. Bank of America began coverage on United States Steel in a research note on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price on the stock. BMO Capital Markets boosted their target price on shares of United States Steel from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, United States Steel presently has a consensus rating of “Moderate Buy” and an average target price of $41.32.

United States Steel Trading Up 4.8 %

NYSE:X opened at $43.14 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The firm has a 50-day simple moving average of $38.11 and a 200-day simple moving average of $36.99. United States Steel Co. has a one year low of $26.92 and a one year high of $43.35. The firm has a market cap of $9.72 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.53 and a beta of 1.86.

United States Steel (NYSE:X) last posted its 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%. Equities analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a $0.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. United States Steel’s dividend payout ratio is presently 13.42%.

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.