Avantax Advisory Services Inc. Grows Stock Holdings in United States Steel Co. (NYSE:X)

Avantax Advisory Services Inc. grew its stake in United States Steel Co. (NYSE:X) by 6.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,250 shares of the basic materials company’s stock after purchasing an additional 914 shares during the period. Avantax Advisory Services Inc.’s holdings in United States Steel were worth $518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Castle Hook Partners LP purchased a new position in shares of United States Steel during the third quarter valued at approximately $91,712,000. Holocene Advisors LP purchased a new stake in United States Steel in the 3rd quarter valued at about $51,620,000. Massachusetts Financial Services Co. MA grew its stake 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 acquiring an additional 964,467 shares in the last quarter. E. Ohman J or Asset Management AB purchased a new position in shares of United States Steel during the fourth quarter worth approximately $17,907,000. Finally, ARS Investment Partners LLC bought a new stake in shares of United States Steel during the fourth quarter valued at approximately $15,510,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Price Performance

NYSE:X opened at $40.90 on Friday. The firm’s fifty day moving average is $37.88 and its two-hundred day moving average is $36.78. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.53 and a beta of 1.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. United States Steel Co. has a one year low of $26.92 and a one year high of $43.35.

United States Steel (NYSE:X) last issued its earnings results 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%. Research analysts expect that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.49%. United States Steel’s dividend payout ratio is presently 13.42%.

Analyst Ratings Changes

Several research analysts recently issued reports on X shares. Morgan Stanley increased their price objective on 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. BMO Capital Markets raised their price objective on United States Steel from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America began coverage on United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.32.

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.