Schneider Downs Wealth Management Advisors LP Acquires New Holdings in United States Steel Co. (NYSE:X)

Schneider Downs Wealth Management Advisors LP acquired a new stake in United States Steel Co. (NYSE:X) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,361 shares of the basic materials company’s stock, valued at approximately $250,000.

Several other institutional investors also recently added to or reduced their stakes in X. Castle Hook Partners LP bought a new position in United States Steel in the 3rd quarter worth approximately $91,712,000. Holocene Advisors LP bought a new position in United States Steel in the 3rd quarter worth approximately $51,620,000. Massachusetts Financial Services Co. MA increased its position in United States Steel by 26.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,598,831 shares of the basic materials company’s stock worth $162,477,000 after buying an additional 964,467 shares during the period. International Assets Investment Management LLC increased its position in United States Steel by 4,445.5% in the 3rd quarter. International Assets Investment Management LLC now owns 571,326 shares of the basic materials company’s stock worth $20,185,000 after buying an additional 558,757 shares during the period. Finally, E. Ohman J or Asset Management AB bought a new stake in shares of United States Steel during the fourth quarter valued at approximately $17,907,000. 81.92% of the stock is owned by institutional investors.

United States Steel Price Performance

Shares of X stock opened at $37.79 on Thursday. The stock’s fifty day simple moving average is $35.64 and its 200 day simple moving average is $36.81. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 1.53 and a beta of 1.86. United States Steel Co. has a one year low of $26.92 and a one year high of $48.13.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) 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 expect that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel’s dividend payout ratio is currently 13.42%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on X shares. BMO Capital Markets lowered their price objective on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. 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. Bank of America started coverage on United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective on the stock. Morgan Stanley restated an “equal weight” rating and set a $39.00 price objective on shares of United States Steel in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, United States Steel presently has a consensus rating of “Moderate Buy” and an average target price of $39.82.

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.