Toroso Investments LLC Has $1.33 Million Stake in United States Steel Co. (NYSE:X)

Toroso Investments LLC trimmed its holdings in shares of United States Steel Co. (NYSE:X – Get Rating) by 2.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,218 shares of the basic materials company’s stock after selling 2,102 shares during the period. Toroso Investments LLC’s holdings in United States Steel were worth $1,327,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of X. Avion Wealth acquired a new stake in shares of United States Steel in the 2nd quarter valued at $36,000. Alpha Paradigm Partners LLC acquired a new stake in shares of United States Steel in the 2nd quarter valued at $39,000. Quadrant Capital Group LLC increased its stake in shares of United States Steel by 111.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,708 shares of the basic materials company’s stock valued at $49,000 after buying an additional 1,430 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in shares of United States Steel in the 3rd quarter valued at $58,000. Finally, Signaturefd LLC increased its stake in shares of United States Steel by 72.6% in the 3rd quarter. Signaturefd LLC now owns 3,886 shares of the basic materials company’s stock valued at $70,000 after buying an additional 1,635 shares during the period. 75.02% of the stock is owned by institutional investors and hedge funds.

United States Steel Stock Performance

Shares of United States Steel stock opened at $23.97 on Friday. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 2.67 and a beta of 2.20. The stock’s 50-day moving average is $28.42 and its 200-day moving average is $24.71. United States Steel Co. has a one year low of $16.41 and a one year high of $39.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.99 and a quick ratio of 1.39.

United States Steel (NYSE:X – Get Rating) last released its earnings results on Friday, February 3rd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.27. The business had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.01 billion. United States Steel had a return on equity of 26.75% and a net margin of 11.98%. United States Steel’s quarterly revenue was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.64 earnings per share. Equities analysts predict that United States Steel Co. will post 2.07 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 14th. Shareholders of record on Monday, February 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, February 10th. United States Steel’s dividend payout ratio (DPR) is presently 2.23%.

Insiders Place Their Bets

In other United States Steel news, SVP Kenneth E. Jaycox sold 6,090 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $30.00, for a total transaction of $182,700.00. Following the transaction, the senior vice president now owns 79,637 shares of the company’s stock, valued at $2,389,110. The sale was disclosed in a document filed with the SEC, which is available through this link. In other United States Steel news, SVP Kenneth E. Jaycox sold 6,090 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $30.00, for a total transaction of $182,700.00. Following the transaction, the senior vice president now owns 79,637 shares of the company’s stock, valued at $2,389,110. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Richard Fruehauf sold 37,500 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $31.38, for a total value of $1,176,750.00. Following the sale, the senior vice president now owns 57,826 shares of the company’s stock, valued at approximately $1,814,579.88. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com assumed coverage on United States Steel in a research report on Thursday. They issued a “hold” rating on the stock. Morgan Stanley raised their price target on United States Steel from $20.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. BMO Capital Markets raised their price target on United States Steel from $25.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, February 6th. Bank of America assumed coverage on United States Steel in a research report on Wednesday, January 4th. They issued an “underperform” rating on the stock. Finally, The Goldman Sachs Group raised their price target on United States Steel from $23.00 to $26.00 and gave the stock a “sell” rating in a research report on Monday, February 6th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, United States Steel presently has a consensus rating of “Hold” and an average price target of $29.29.

United States Steel Profile

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United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke.