Carson Advisory Inc. Sells 2,900 Shares of United States Steel Co. (NYSE:X)

Carson Advisory Inc. trimmed its holdings in United States Steel Co. (NYSE:X) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,100 shares of the basic materials company’s stock after selling 2,900 shares during the period. United States Steel comprises about 1.6% of Carson Advisory Inc.’s investment portfolio, making the stock its 13th biggest position. Carson Advisory Inc.’s holdings in United States Steel were worth $2,048,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Natixis Advisors L.P. boosted its holdings in United States Steel by 21.6% in the 4th quarter. Natixis Advisors L.P. now owns 27,887 shares of the basic materials company’s stock worth $1,356,000 after buying an additional 4,956 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in shares of United States Steel by 11.0% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,513,531 shares of the basic materials company’s stock worth $219,583,000 after purchasing an additional 447,186 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in United States Steel by 0.9% in the fourth quarter. SummerHaven Investment Management LLC now owns 29,928 shares of the basic materials company’s stock valued at $1,456,000 after acquiring an additional 278 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of United States Steel by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 279,345 shares of the basic materials company’s stock valued at $13,590,000 after buying an additional 950 shares during the last quarter. Finally, Yousif Capital Management LLC increased its holdings in United States Steel by 0.3% in the fourth quarter. Yousif Capital Management LLC now owns 112,000 shares of the basic materials company’s stock valued at $5,449,000 after buying an additional 372 shares in the last quarter. 81.92% of the stock is owned by institutional investors.

United States Steel Price Performance

NYSE:X traded up $0.07 during mid-day trading on Thursday, reaching $37.05. The stock had a trading volume of 2,271,306 shares, compared to its average volume of 4,580,215. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.76. United States Steel Co. has a one year low of $20.40 and a one year high of $50.20. The firm has a 50 day moving average price of $41.89 and a two-hundred day moving average price of $41.46. The stock has a market capitalization of $8.33 billion, a P/E ratio of 10.54 and a beta of 2.06.

United States Steel (NYSE:X) last posted its earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.46. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The business’s revenue was down 4.5% compared to the same quarter last year. As a group, analysts expect that United States Steel Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on X. Morgan Stanley lowered shares of United States Steel from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $40.00 to $51.00 in a report on Thursday, February 15th. Wolfe Research raised shares of United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price objective on the stock in a research report on Tuesday, April 9th. BMO Capital Markets reduced their price objective on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research note on Tuesday, March 19th. JPMorgan Chase & Co. initiated coverage on shares of United States Steel in a research note on Friday, January 12th. They issued a “neutral” rating and a $52.00 price objective for the company. Finally, StockNews.com began coverage on shares of United States Steel in a research note on Monday. They set a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, United States Steel currently has a consensus rating of “Hold” and an average price target of $37.89.

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.